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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Field
14-12-2020
CNOOC Starts Infill Campaign in South China Sea
Chinese oil and gas company CNOOC Limited has started drilling operations on two infill wells located on the Weizhou 6-12 fields in the Beibu Gulf offshore China.
Oil Pipeline
14-12-2020
Second Russian Pipelayer Arrives at Nord Stream 2 Construction Site
A Russian pipe-laying vessel Fortuna has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea
Crude Oil
14-12-2020
Oil Production Cuts to End in Norway on December 31st
Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.
Crude Oil
14-12-2020
OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota
China is by far the largest importer of Omani crude.
Oil & Gas Trade
14-12-2020
Egypt, Iraq Move Forward with Oil-for-Reconstruction Plan
The oil-for-reconstruction agreement signed between Egypt and Iraq will enter into bilateral implementation as soon as constitutional procedures are complete, Egyptian Prime Minister Mostafa Madbouly has said.
Oil Pipeline
14-12-2020
Iran Controls Oil Pipeline Spillage, Fire in Southwest
A pipeline carrying crude oil to Iran’s second largest refinery ruptured and burst into flames on Sunday, but the spillage and the blaze were brought under contro.
Oil&Gas Drilling
11-12-2020
EU to Approve Sanctions Over Turkish Gas Drilling
Shying away from a threat made in October to consider wider economic measures, EU leaders will agree to punish individuals accused of planning or taking part in what the bloc says is unauthorised drilling off Cyprus.
Oil Field
11-12-2020
Karoon Offloads First Oil from Recently-Bought Baúna Field
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil.
Oil & Gas Supply
11-12-2020
Gladstone November LNG Exports Up
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone jumped when compared to the corresponding month in 2019.
Crude Oil
11-12-2020
Oil Hits $50 On Vaccine Rollout
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of strengthening oil demand early next year.
Crude Oil
10-12-2020
US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Oil Shale
10-12-2020
Global Shale Industry on a Recovery Path After 8.1% Production Decline in 2020, Says GlobalData
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% fall, according to projections by GlobalData.
Oil and Gas Equipment
10-12-2020
Oxford Flow ES Axial Flow Valve Achieves Oil and Gas Fugitive Emissions Breakthrough
It is notable that most valve manufacturers test in Class B, which allows 10x more leakage than Class A.
LNG Carrier
10-12-2020
Korea Tops Global Shipbuilding Order Intake Rankings for Five Consecutive Months
By landing more than 60 percent of the world's new shipbuilding orders in November, Korea came in first in the order standings for the fifth straight month in November, beating China.
Energy Technology
09-12-2020
Tüpras Selects Honeywell Technology
UOP provided the basic engineering, catalysts and technical services for the project.
Oil&Gas Drilling
09-12-2020
Equinor Drills Dry Well Near Tordis Field
Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.
OPEC
08-12-2020
Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, January 4, Argus reported on Monday, citing delegates with the OPEC+ alliance.
Oil & Gas Trade
08-12-2020
Iran Prepares For Oil Export Boost
Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations with the U.S. during the next administration.
Crude Oil
08-12-2020
Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Oil&Gas Drilling
08-12-2020
ONGC Gains 5% As Overseas Arm Discovers Oil in Colombia
In a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia.
Crude Oil
08-12-2020
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel now.
Crude Oil
07-12-2020
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly from January 2021.
OPEC
07-12-2020
Kazakhstan Supports Consensus in OPEC+ Agreement
The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconference on December 4.
Oil&Gas Drilling
07-12-2020
Denmark to End Oil and Gas Era in 2050
The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of the North Sea and end existing production by 2050.
LNG
07-12-2020
Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand
Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers faced supply issues, trade sources said.
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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