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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil&Gas Drilling
27-11-2020
Baker Hughes Reports US Rig Rebound
The total number of rotary drilling rigs operating in the United States rebounded this past week, Baker Hughes Co. reported Wednesday.
Oil Field
27-11-2020
Genel Begins Production from Sarta Oil Field in Iraq
Iraq-focused independent Genel Energy said production has started at the Sarta oil field in the semi-autonomous Kurdistan region of northern Iraq.
Natural Gas
27-11-2020
Mozambique’s Ambitious Northern Gas Plans Head South
Natural gas was supposed to help industrialise the northern provinces, but after a string of project cancellations it will be transported to the more prosperous south
LNG
27-11-2020
Significant Progress Made on Arctic LNG 2
PAO NOVATEK has announced that a regular working meeting was recently held regarding the status of Arctic LNG 2 project with the respective management of the project’s partner companies.
Crude Oil
26-11-2020
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances.
Crude Oil
26-11-2020
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Crude Oil
25-11-2020
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next year is expected to be 86 million tons.
LNG
25-11-2020
GE Makes Deal for Vietnam LNG Project
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
SINOPEC
25-11-2020
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Crude Oil
25-11-2020
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil and condensates production of 51.147 million barrels in August 2020.
Germany
25-11-2020
Oil Dynamics GmbH: Recertified for Quality and Environmental Management
The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.
Oil Price
24-11-2020
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
United Arab Emirates
24-11-2020
Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.
LNG
24-11-2020
France: Primagaz Opens the Vern-Sur-Seiche LNG Station
Produced in partnership with Avia, the new Primagaz service station in Vern-sur-Seiche completes a busy year of new sites.
LNG
24-11-2020
Qatar Energy Exports Crash By 39%
Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and products, one of the biggest exporters of liquefied natural gas in the world said on Sunday.
Oil & Gas Trade
24-11-2020
Algerian Gas Exports to Drop by 4.7%, Energy Minister Says
Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.
Oil & Gas Trade
24-11-2020
China Issues Final Batch of Refined Fuel Export Quotas for 2020
The new issue brings the total fuel export quota this year to nearly 59 million tonnes, up from last year's 56 million tonnes.
Oil & Gas Trade
23-11-2020
Azerbaijan Boosts Natural Gas Production, Export in Jan-Oct 2020
Azerbaijan increased gas production and export while reducing oil production and export in January-October 2020.
Oil Field
23-11-2020
China Looks To Buy Stake In A Major Iraqi Oilfield
State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq, West Qurna 1.
Market Analysis
23-11-2020
How A Biden Presidency Could Boost Colombia’s Oil Industry
The victory of Joe Biden in the U.S. presidential elections earlier this month is perceived by many analysts to be a positive development around the world.
Oil & Gas Trade
23-11-2020
CNOOC China Awards LNG Contract to Aramco Trading
China National Offshore Oil Corp has awarded a tender to buy liquefied natural gas from the trading arm of oil giant Saudi Aramco in Singapore through the Shanghai Petroleum and Natural Gas Exchange.
Oil and Gas Equipment
23-11-2020
MacGregor Makes Lingshui 17-2 Deliveries
MacGregor, part of Cargotec, has delivered the riser pull-in system for the Lingshui 17-2 platform, owned and operated by CNOOC.
Oil Field
23-11-2020
Repsol Sinopec Preparing for Decommissioning of UK North Sea Field
Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar and Auk North installations located in the UK sector of the North Sea.
LNG
21-11-2020
Hoegh LNG Signs Deal with India's H-Energy to Supply FSRU from 2021
This will be the first FSRU to start operations in India, which has six land-based LNG import terminals.
Oil Pipeline
21-11-2020
Uganda to Begin Building Oil Export Pipeline in H1 2021
Uganda expects construction of a $3.5 billion crude export pipeline to start in the first half of next year, Energy Minister Mary Goretti Kitutu said.
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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