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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
05-11-2020

Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
Oil&Gas Drilling
04-11-2020

Nigerian Operator Produces First Oil from Shallow-Water Project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.
Oil Price
04-11-2020

Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir said on Tuesday.
Market Analysis
03-11-2020

Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented dividends and sent share prices plummeting.
Oil Price
03-11-2020

Oil Prices Hold Steady Ahead of U.S. Elections
Oil prices held steady on Tuesday ahead of the U.S. presidential election, retaining their steep overnight gains but capped by demand concerns and worries about rising supplies.
South Korea
03-11-2020

KSOE Receives Order for up to Four LNG Carriers
Korean Shipbuilding & Offshore Engineering has secured a building order for two 174,000m³ LNG carriers, with options for another pair.
Oil Field
03-11-2020

CNOOC Starts up Eighth Project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
Oil Field
03-11-2020

Western Europe’s Biggest Oilfield Set To Increase Production
The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the Norwegian government raised the Q4 production permits for Western Europe’s biggest producing field.
Crude Oil
03-11-2020

Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.
Oil Pipeline
03-11-2020

Total Signs Pact with Tanzania for its EACOP Pipeline Construction Project
Total has announced that it has reached an agreement with the Tanzanian government for its EACOP pipeline project in the country.
Oil & Gas Trade
02-11-2020

Russia Ranks Second by Oil Exports to China in September
Oil supplies from Russia to China increased to 1.83 mln barrels daily as of the end of September 2020.
Oil Price
02-11-2020

UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil prices and the COVID-19 pandemic impact revenue and economic growth.
Crude Oil
02-11-2020

US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald Trump or an accelerated renewables transition under Joe Biden.
LNG
02-11-2020

Russia: Gazprom Opens Natural Gas Fuel Service Stations
Gazprom has launched two new infrastructure facilities for refueling motor vehicles with natural gas, eco-friendly vehicle fuel.
LNG
02-11-2020

China's CNOOC and Sinopec Issue First LNG Tenders on Shanghai Gas Exchange
China National Offshore Oil Corp and Sinopec Corp issued the first tenders to buy liquefied natural gas on the Shanghai Petroleum and Natural Gas Exchange when the bourse launched LNG trading on Friday, said an exchange statement.
LNG
31-10-2020

ExxonMobil not to Set up LNG Terminal in Pakistan
ExxonMobil, the US-based multinational oil and gas corporation, has decided not to continue with its plans to set up an LNG terminal in Pakistan, as the company seeks to reduce its capital and operating expenses.
Crude Oil
31-10-2020

China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project received state approval.
Oil & Gas Trade
30-10-2020

Turkey's Gas Imports up 6.5% in August 2020
Total natural gas consumption in August grows 19.5% year-over-year.
Oil Field
30-10-2020

BP Starts Gas Production from Qattameya Field, Offshore Egypt
BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.
Oil Price
30-10-2020

Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Crude Oil
30-10-2020

OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day.
Oil&Gas Drilling
30-10-2020

Equinor in Two Oil Discoveries Offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada.
Oil&Gas Drilling
29-10-2020

Neptune Energy Makes Small Oil Discovery off Norway
The discovery is estimated to hold between 0.5 and 3.2 million cubic metres (mcm) of recoverable oil equivalents, NPD said in a statement.
Oil&Gas Drilling
29-10-2020

Total Boasts Second ‘Significant Discovery’ Offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa.
Oil & Gas Trade
29-10-2020

Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.

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