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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil & Gas Trade
14-10-2020
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand despite the pandemic.
Oil Price
14-10-2020
Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and because of the growing importance of environmental considerations in investing.
Oil Field
14-10-2020
Gazprom Makes ‘Substantial’ Gas Find in Kara Sea
Russian energy giant Gazprom has found another gas deposit at the Leningradskoye field in the Kara Sea which is part of the Yamal gas production centre.
Oil Price
13-10-2020
Oil Refining Companies Hit by Triple Whammy
South Korean oil refining companies face a triple whammy.
Market Analysis
13-10-2020
IEA: Natural Gas Demand To See Largest Drop Ever In 2020
Despite some uptick in consumption in recent months, the world’s demand for natural gas is still set to see its biggest drop on record in 2020.
Market Analysis
13-10-2020
Goldman Sachs: Biden Win Is Bullish For Oil
A Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices because it will increase costs for the shale patch and will likely result in a weaker U.S. dollar.
Oil Price
13-10-2020
The Next Couple Of Months Are Crucial For U.S. Oil
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.
Oil&Gas Drilling
13-10-2020
Hibiscus Petroleum Buys into 3D Oil License off Australia
Malaysia’s Hibiscus Petroleum has completed its 50 per cent acquisition of interest in the exploration permit VIC/P74 offshore Australia from 3D Oil.
Crude Oil
13-10-2020
Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's largest oil reserves.
Oil Field
13-10-2020
BP Starts Oman's Giant Ghazeer Gas Field
BP started production at Oman's giant Ghazeer natural gas field in Oman which is set to underpin the company's oil and gas output for years even as it shifts to renewables.
Oil Field
12-10-2020
Russian LUKOIL Proceeds with Filanovsky Field Phase Two Development
The second phase aims to keep oil production at the planned rate of 6 million tonnes a year.
Crude Oil
12-10-2020
Daily Crude Oil Production Hits over 718K Barrels in the Sultanate
The Sultanate’s daily crude oil production stood at 718,700 barrels during September 2020, a drop by 0.18 percent compared to the daily production in August 2020.
Market Analysis
12-10-2020
Argentina’s Oil Boom Is Showing Signs Of Life
After the devastating impact of the COVID-19 pandemic on its economy, there are signs that Argentina’s once burgeoning oil industry is coming back to life.
LNG
11-10-2020
POSCO Targets LNG Storage Market by Teaming up with ExxonMobil
POSCO has joined hands with ExxonMobil to make a foray into the liquefied natural gas (LNG) storage and fuel tank market.
Crude Oil
10-10-2020
OPEC: Oil Demand to Decline after Plateauing in Late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline.
Oil & Gas Trade
10-10-2020
China Set for Fresh Gasoline Export Splurge as Golden Week Ends
Gasoline exports from China, Asia's top petrol exporter, are set to stay elevated this month as mounting supplies from recent high crude oil processing runs prompt fuel sellers to offload cargoes abroad.
Crude Oil
09-10-2020
Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues to struggle amid a seemingly never-ending civil war.
Oil&Gas Drilling
09-10-2020
Noble Corporation Scores Rig Extension Deal with ExxonMobil
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.
LNG
09-10-2020
Pakistan LNG Signs Initial Deal to Sell LNG to Karachi Electric
PLL will supply up to 150 million cubic feet per day of gas to Karachi Electric's 900-megawatt project which will have two units.
Crude Oil
08-10-2020
Peru Crude Production at Historic Low in Sept
Peru's crude production fell to a historic low of 29,165 b/d in September, less than half the level of 12 months earlier, according to data from hydrocarbons regulator PeruPetro.
India
08-10-2020
India Clears Plan for Domestic Gas Price Discovery
The Indian cabinet has approved a policy aimed at creating price discovery for domestic natural gas output, part of a series of reforms by Delhi to push the country towards becoming a gas-based economy.
Crude Oil
08-10-2020
Opec Sees Oil Demand Peak Around 2040
World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.
Vietnam
08-10-2020
Vietnam Gets Bids for Dung Quat Refinery Expansion
Vietnam's Binh Son Refinery has received bids for a $1.8bn upgrade and expansion project that will increase capacity at its 145,000 b/d Dung Quat refinery by around 30pc.
Oil&Gas Drilling
06-10-2020
Oil Exploration In Norway Slumps By A Third
Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.
Oil Price
06-10-2020
Oil Prices Soar As Trump’s Condition Improves
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening.
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New Oilfield Development Project Comes Online Offshore China
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$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
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Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows