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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
04-10-2020

Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, Interfax reported today.
Oil & Gas Trade
04-10-2020

Iraq Boosts Oil Exports Despite OPEC+ Pledges
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in September compared to August.
Oil & Gas Trade
04-10-2020

Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain
Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenario for oil companies to contend with.
Oil Price
03-10-2020

Oil Falls Further After Trump's Positive Test for COVID-19
Oil prices extended losses to more than 3 per cent on Friday after U.S. President Donald Trump said he has tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.
Oil & Gas Trade
03-10-2020

Golar Power Offers Top Bid for Petrobras's LNG Import Terminal
Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil's state-run energy firm Petrobras.
LNG
02-10-2020

Singapore's First LNG Bunkering Vessel to be Operational by Year End
The first liquefied natural gas bunkering vessel in Singapore is expected to become operational by the end of this year, providing ship-to-ship bunkering services in the port for the first time.
LNG
30-09-2020

Ukraine Gas Demand Hits Recent-Year August High
Ukrainian gas demand climbed sharply in August, driven by strong demand from gas-intensive industrial consumers and the power sector.
Crude Oil
30-09-2020

Egypt Inaugurates Refinery Project in Mostorod
Petroleum Minister Tarek al-Molla stressed the importance of developing Egypt’s infrastructure of Egypt in oil refining and processing, and the vital role this new project will play.
Oil Field
30-09-2020

Lundin Energy Raises Norway's Grieg Oilfield Reserve Estimate
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17 per cent, and boosted output plans for the coming years.
Oil & Gas Trade
30-09-2020

Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030
Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around three times more than current output.
Oil Pipeline
30-09-2020

Uniper Explores Sale of 20 Per Cent Stake in Opal Gas Pipeline
German energy firm Uniper is exploring a sale of its 20% stake in gas pipeline Opal, which links the Nord Stream 1 pipeline with onshore European grids.
LNG
29-09-2020

Vietnam Power Sector's LNG Demand Set to Soar
Demand for LNG from Vietnam's power sector is set to reach 8.5mn t/yr by 2030, the country's industry ministry said today
LNG
29-09-2020

Karpowership Kicks off First Floating LNG-to-Power Project in Indonesia
Turkey’s floating power plant company Karpower International has begun operation on its first LNG-to-Power project offshore Indonesia.
Oil Price
29-09-2020

Oil Prices Stuck In Limbo As Uncertainty Mounts
Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year.
Oil&Gas Drilling
29-09-2020

U.S. Offshore Rig Count Stable at 14 Units
The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.
Oil&Gas Drilling
29-09-2020

Total Moves Tyra Project Into the Next Phase Following Jacket Installation
French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.
Oil Field
29-09-2020

Equinor Plans $2 Billion Breidablikk Oilfield Development
Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.
LNG
28-09-2020

Chevron Sells More Domestic Gas to Alcoa in Australia
Chevron has signed an agreement to supply a further 37PJ of gas sourced from the three LNG projects located offshore Western Australia to US aluminium group Alcoa's alumina refineries in the southwest part of the state.
Oil Price
28-09-2020

Gulf Nations Are Desperate For Higher Oil Prices
the Gulf economies are in dire straits thanks to their overreliance on oil.
Oil Shale
28-09-2020

U.S. Shale Producers Devon Energy , WPX Energy in Merger Talks
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around $6 billion.
Crude Oil
27-09-2020

Shell Set To Load First Oil From One Of Libya’s Open Ports
Supermajor Shell has provisionally chartered an oil tanker to load crude from one of Libya’s three open ports at the end of next week in what could be the first crude loading at the port since January.
Crude Oil
27-09-2020

With 41m Barrels, Gabon’s Oil Pproduction Appreciated by 3% in H1 2020
Gabon has produced 41 million barrels of oil to the 1 st half of 2020.
LNG
27-09-2020

China to Build Country's Largest LNG Reserve Base
China is building its largest liquefied natural gas reserve base in its eastern Jiangsu province.
Oil Pipeline
26-09-2020

PipeChina Signs Gas Grid Pact with Southern Guangdong Province
Southern Guangdong became the first province to transfer its natural gas pipeline network to China's newly formed oil and gas pipeline giant PipeChina.
Oil & Gas Trade
26-09-2020

Iraqi Oil Ministry Denies Deal to Up Oil Exports
Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increase Iraq's crude oil exports.

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