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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil & Gas Trade
29-10-2020
China Launches Construction Of Huge $20 Billion Refinery Complex
China has launched the construction of a refinery and petrochemical complex worth US$20 billion in the Shandong province, the home of the independent Chinese refiners.
Energy Technology
29-10-2020
Trump Makes Final Push To Defend Fracking
To that, Trump said, “That’s a big statement.”
Oil Pipeline
29-10-2020
The U.S. Looks To Delay The World’s Most Controversial Pipeline Once Again
Industry watchers are becoming numb to the ever-changing prospects of the project and are becoming less and less likely to put forward any estimates as to when the pipeline might be eventually completed.
Oil Field
28-10-2020
LLOG Hatches Development Plan for New Gulf of Mexico Oil Discovery
LLOG Exploration Company has revealed a new discovery in the U.S. Gulf of Mexico and a development plan for the offshore field.
Oil Pipeline
28-10-2020
China's Sinopec Completes Qingdao-Nanjing Gas Pipeline Construction
The 536.13-kilometre pipeline, which also connects to the existing Sichuan-East gas pipeline, is expected to help improve energy security in China's eastern developed area.
Oil Field
27-10-2020
South Africa Discovers Large Deep-Sea Oil and Gas Field for the First Time
South Africa’s Minister of Mineral Resources and Energy Mantashe visited the Luiperd drilling well in the waters near Moso Bay in the Western Cape Province of the country for inspection.
Oil & Gas Trade
27-10-2020
American Energy: Issues First Extensions of Natural Gas Export Authorizations Through 2050
The Trump Administration extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050.
Oil & Gas Trade
27-10-2020
Brazil Soars to China's No. 3 Crude Oil Supplier in Sept
Brazil jumped to China's third-biggest crude oil supplier in September,as China's independent refiners scooped up cheap supplies of the South American exporter's relatively high quality oil.
LNG
27-10-2020
LNG Tanker Rates Soar Ahead of Expected Cold Asian Winter
Shipping rates for LNG tankers have soared to their highest in a year ahead as demand for cargoes rose on expectations of a colder than expected winter in North Asia.
Oil Field
27-10-2020
EGYPT: BP Starts Gas Production from Qattameya field
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 & Gas Trade
26-10-2020
South Korea Increasing LNG Imports from the United States
The United States’ LNG exports hit an all-time high with a year-on-year increase of 40.1 percent. South Korea, the largest importer, increased its imports by 22.5 percent from a year ago.
Crude Oil
26-10-2020
Putin Leaves Door Open for Opec+ Cuts Extension
Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowledged such a possibility.
Oil Price
26-10-2020
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expected to stabilize below pre-pandemic levels in 2021.
Oil Shale
26-10-2020
Argentina to Subsidize Shale Gas Production With $5.1 Billion
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as much as US$5 billion in investments, Energy Secretary Dario Martinez said this week.
Oil & Gas Trade
25-10-2020
US Crude Stocks Dip, Gasoline Inventories up: EIA
US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.
Carbon Neutral
24-10-2020
China CNOOC Says to Raise Gas' Share to Half of Output by 2035
China's national offshore oil and gas producer CNOOC Ltd said on Thursday it aims to raise the share of natural gas to make up half of its total output by 2035 to contribute to a national carbon neutral target by 2060.
Oil Price
23-10-2020
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.
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.
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
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Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply