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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
12-11-2020

Wildcat Drilling at it’s Best – Gas Discovery Southwest of the Skarv Field in the Norwegian Sea
11/11/2020 ConocoPhillips Skandinavia AS, operator of production licence 1009, has concluded the drilling of wildcat well 6507/4-1.
Oil & Gas Trade
12-11-2020

Saudi Arabia and Iraq Agree to Intensify OPEC Cooperation
The ceiling compares with Iraq’s actual production of over 4 million bpd in April.
Oil Shale
12-11-2020

ADNOC Delivers First Shale Gas from the UAE
The UAE has delivered its first unconventional gas as it takes a step closer to becoming self-sufficient in the energy feedstock.
LNG
12-11-2020

ADNOC Says Signs LNG Supply Agreements with Vitol and Total
The Abu Dhabi National Oil Company on Wednesday said that ADNOC LNG signed up to a six-year LNG supply agreement with energy trader Vitol and a two-year supply agreement with Total .
LNG Carrier
12-11-2020

MacGregor Nets Tech Order for PNE’s LNG Carrier
MacGregor, part of Cargotec, has received an order for two fixed boom cranes to be installed on a 5,400 cubic meter bunker barge.
Oil&Gas Drilling
11-11-2020

Beach Hits Gas in First Victorian Otway Campaign Well
This is the company’s first exploration well in the Victorian Otway program.
Oil & Gas Trade
11-11-2020

U.S. LNG Exports To China Expected To Grow Substantially
After a year of non-existent liquefied natural gas exports from one of the fastest-growing global suppliers, the United States, to the fastest-growing world importer, China, American LNG cargoes started to travel again to China in March this year.
Oil Price
11-11-2020

Oil Prices Tick Up With Inventory Draws Across The Board
The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 5.147 million barrels for the week ending November 6.
LNG
11-11-2020

Malaysia’s First LNG Bunkering Ops In Pasir Gudang Launched
It said the government has shown interest in expanding Malaysia as a bunkering hub in Southeast Asia.
Oil & Gas Trade
11-11-2020

Russia's Gazprom Proposes Gas Price Rise for Poland
Poland has sought to reduce reliance on Gazprom.
Vietnam
10-11-2020

PetroVietnam Fulfils 10-Month Exploitation Plan
The Vietnam Oil and Gas Group exploited an estimated 17.32 million tonnes of oil in the first 10 months of this year, surpassing the plan for the period by 2.3 per cent.
LNG Carrier
10-11-2020

TMC to Supply Compressors to Maran Gas Maritime LNG Carriers
TMC Compressors has been chosen to supply its marine compressed air system to eight LNG carriers that Daewoo Shipbuilding and Marine Engineering is building for Greek shipowner Maran Gas Maritime.
Oil&Gas Drilling
10-11-2020

Shell in Early Termination of Jack-up Rig Contract in Brunei
Oil major Shell has terminated early its contract for the Aban Offshore-owned jack-up drilling rig operating for the company in Brunei.
Oil Field
09-11-2020

S Africa Offshore Well Results Could Come This Month
Test results from the Luiperd well in block 11B/12B off South Africa's southern coast could be available by the end of this month.
Oil and Gas Equipment
06-11-2020

Noble Gets Rid of Five Cold-Stacked Floating Rigs
Offshore drilling contractor Noble Corporation has decided to sell five of its cold-stacked floating drilling rigs.
Oil&Gas Drilling
06-11-2020

Turkey Starts Drilling Second Well in Black Sea
Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well.
Crude Oil
06-11-2020

Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing firm Somo.
Oil & Gas Trade
06-11-2020

China’s Jinzhou Refinery Exports First Diesel to Chile
Chinese state-controlled refiner PetroChina's Jinzhou refinery in Liaoning province has exported its first diesel cargo to Chile.
Oil & Gas Trade
06-11-2020

Election 2020: Climate Change Won’t Be Part Of Texas Oil Regulator’s Agenda
In a sweeping victory for America’s oil and gas industry, Republican businessman James “Jim” Wright comfortably won a seat on Texas’ energy regulator with 53% of the vote.
Oil Price
06-11-2020

Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards $50 per barrel in 2021.
Oil Price
05-11-2020

Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
LNG Carrier
05-11-2020

PGNiG Group Contracts Ships for Transporting US LNG
Chartered gas carriers will be used for trading LNG contracted by PGNiG with American suppliers.
Oil&Gas Drilling
05-11-2020

Shell Takes Stakes in Transkei & Algoa Blocks Offshore South Africa
Under the terms of the farm-out agreement, Shell will acquire a 50% working interest in the Transkei & Algoa blocks and operatorship.
Oil & Gas Trade
05-11-2020

Saudi Gas Production Jumps To Record
Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.
Oil & Gas Trade
05-11-2020

French Company Abandons Plans to Import US Gas
The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ample supplies of natural gas from fracking in the region.

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