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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
23-10-2020

The World’s Largest Oil Trader Just Sent LNG Prices Soaring
Three trades for liquefied natural gas cargoes executed by commodity trading major Vitol made the company the talk of the LNG town as it pushed the Asian regional LNG benchmark up by as much as 20 percent.
Oil & Gas Trade
22-10-2020

PGNiG to Buy Danish Offshore Gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Oil&Gas Drilling
22-10-2020

South Australia Eyes more Gas Exploration
Private-sector exploration expenditure will increase from A$158mn a year in 2018 to a sustainable average of A$300mn a year by 2025, the SA government said.
LNG
22-10-2020

Total Ships First Carbon Neutral LNG Cargo to CNOOC
Total delivered its first carbon-neutral LNG cargo to China's state-controlled CNOOC on 29 September, the third such cargo that the Chinese firm has received this year.
Oil & Gas Trade
22-10-2020

India Allows UAE's ADNOC to Export Oil from Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. India does not allow oil exports.
Malaysia
22-10-2020

Malaysia: Five Petroleum Official Launch
Five Petroleum Malaysia made its debut earlier this year, and has now made official launch of its Ultimaxx range of fuels and integrated!
Oil & Gas Trade
22-10-2020

Israel And The UAE Sign Historic Oil Deal
Israel and the United Arab Emirates signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to European markets via an oil pipeline in Israel connecting the Red Sea with the Mediterranean.
LNG
21-10-2020

Japanese Sell out of Australian LNG Import Project
Australian billionaire Andrew Forrest has taken over full control of a A$250 million gas import terminal in New South Wales, buying out stakes held by Japan's JERA and Marubeni Corp in a push to speed up the project.
Oil Price
21-10-2020

Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
Oil Price
20-10-2020

ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, hadn’t set any such goals.
Oil Field
20-10-2020

Petrobras Delays Parque Das Baleias Project to 2024
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year.
Oil & Gas Trade
20-10-2020

Japan April-Sept Crude Import Volume Fell to the Lowest Since at Least 1979
Japan's customs-cleared crude oil imports fell 21.2 per cent in the April-September period on year to the lowest since at least 1979 when the comparison data is available.
Oil Pipeline
19-10-2020

German Foreign Minister: "Beixi-2" Natural Gas Pipeline Will be Built
German Foreign Minister Maas stated that the "Beixi-2" natural gas pipeline "will be completed", but it is not certain when it will be completed.
LNG
19-10-2020

New Fortress Energy Signs MOU with Philippine National Oil Company
"The memorandum will enable cleaner, more affordable and more reliable energy for the people of the Philippines," said Wes Edens, CEO and Chairman of NFE.
Oil&Gas Drilling
19-10-2020

Turkish President Announces More Natural Gas Reserves in Black Sea
"Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters," he said after his inspections at the ship.
LNG
19-10-2020

UK’s Avenir LNG Receives Its First dual-Purpose LNG Vessel
UK-based Avenir LNG said Wednesday it received its first dual purpose LNG bunkering and supply vessel, which will be deployed to Malaysia.
LNG
18-10-2020

South Africa’s DNG Energy Secures LNG Bunkering Permit
The Transnet National Port Authority has granted a licence to DNG Energy to begin LNG bunkering at Coega.
Crude Oil
16-10-2020

Russian Oil Companies Plan Significant Drilling Cuts For 2021
Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.
Oil&Gas Drilling
16-10-2020

West Bollsta Rig Drills Lundin’s Polmak Well
Swedish oil and gas company Lundin has spudded the Polmak well in the Barents Sea offshore Norway, using the West Bollsta semi-submersible drilling rig.
LNG
16-10-2020

South Korea’s DSME Bags Orders for 6 LNG Carriers
South Korea’s Daewoo Shipbuilding & Marine Engineering has bagged two new orders to deliver six liquefied natural gas carriers.
LNG
16-10-2020

Siemens Energy Scores a Deal in the Mozambique LNG Project
A joint venture between Saipem and McDermott has selected Siemens Energy to supply emissions-reducing power generation equipment and boil-off gas compressors for the Mozambique LNG project.
Oil Price
16-10-2020

OPEC+ Will Ensure Oil Prices do not Plunge Again, Says OPEC Chief
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thursday.
Oil Field
15-10-2020

Petronas Considers Exiting Gharraf Oil Field in Iraq
The collapse in oil prices this year has prompted Malaysia's state-owned Petronas to consider exiting the Gharraf oil field in southern Iraq, chief executive Tengku Muhammad Taufik Tengku Aziz told the Energy Intelligence Forum today.
Oil & Gas Trade
15-10-2020

Kazakhstan Exports 52.2 Million Tonnes of Oil in First 9 Months
For 9 months of this year, Kazakhstan produced 64.7 million tonnes of oil and condensate, which is 0.5% higher than the planned figure.
Oil Field
15-10-2020

Tulip Oil Halves Gas Production from North Sea Field
Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year when compared to the previous quarter due to a temporary shut-in and lower prices.

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