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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
25-09-2020

Nigeria's Oil Sales Revenue Plummeted 75% in July
Data from the Nigerian National Petroleum Corporation showed that Nigeria’s oil sales revenue in July was 55.29 million US dollars, a decrease of 75% from the previous month.
Crude Oil
25-09-2020

Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021
Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.
Market Analysis
25-09-2020

ConocoPhillips Sees Global Oil Demand Returning, Executive Says
U.S. oil producer ConocoPhillips COP.N sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward.
Oil & Gas Trade
25-09-2020

Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint
The Islamic Revolution Guards Corps of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of Hormuz, a theater of frequent incidents and frictions between Iran and the United States.
Oil&Gas Drilling
25-09-2020

KrisEnergy Gets Funding to Bring Cambodia Offshore Project Online
KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.
Crude Oil
24-09-2020

EIA Sees Global Oil Market Balancing By End-2021
The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of next year.
Tanzania
24-09-2020

Tanzania’s Petroleum Products Market Sees Sizeable Annual Expansion
The liquefied petroleum gas market registered double-digit growth last year as companies and the sector's regulator foster public awareness campaigns on the benefits for using the environmentally friendly energy source.
Oil&Gas Drilling
24-09-2020

Neptune Makes First Step in Offshore Execution of North Sea project
According to information on Neptune’s website, first oil from the project is expected in 2022.
LNG
23-09-2020

Russia's Arctic LNG Project Receives US$9.5 Billion in Financing
International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.
Crude Oil
23-09-2020

Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update
Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months gradually resume operations.
Oil&Gas Drilling
23-09-2020

Stena Drilling Lands Drillship Deal with Repsol in Mexico
Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.
Crude Oil
23-09-2020

China Amends Customs Supervision on Crude Oil Imports to Improve Efficiency
Chinese customs said on Tuesday it will amend the way it supervises crude oil imports as part of a broader effort to boost efficiency.
Oil & Gas Trade
23-09-2020

India's August Crude Imports Continue Slide as Economy Stalls
India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.
Oil Price
22-09-2020

India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil
India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel.
Oil Field
22-09-2020

CNOOC Starts up Fifth Project off China in 2020
Chinese oil and gas company CNOOC has produced first oil from the Liuhua 16-2 and 20-1 joint development project in the South China Sea.
United Kingdom
21-09-2020

The Electrification Of UK Offshore Oil & Gas
The British government has set a goal to reach net zero emissions by 2050.
Oil&Gas Drilling
21-09-2020

U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells
The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to avoid picking up their offshore well decommissioning tab when they go bankrupt.
Oil & Gas Trade
21-09-2020

China’s Crude Oil Imports are Slowing Down
China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing imports this month with demand still under pressure.
Oil Price
20-09-2020

Global Effort Begins Again to Stabilise Oil Prices, OPEC+ Meet May be Called in Oct
A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not escalate further putting several oil producers closer to bankruptcies.
Oil Price
20-09-2020

Diesel Prices Fall Again on the Back of Easing Global Crude Oil Prices
Diesel prices continued to decline for the fourth consecutive day on Sunday on the back of falling global crude prices. In the national capital, diesel was priced at Rs 71.58 per litre, down from Rs 71.82 on Saturday.
Oil Price
18-09-2020

International Oil Prices Rose Significantly on the 17th
It closed at 43.3 US dollars per barrel, an increase of 2.56%.
Market Analysis
18-09-2020

Russian Energy Minister: Global Oil Demand is Expected to Fully Recover in the Second Quarter of 2021
Russian Energy Minister Alexander Novak participated in the OPEC+ JMMC online meeting and said that global oil demand is expected to fully recover by the second quarter of 2021.
Crude Oil
18-09-2020

U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July.
Oil&Gas Drilling
18-09-2020

Equinor Picks up Drilling Permit for North Sea Wildcat
The Norwegian Petroleum Directorate has issued a drilling permit to Equinor for a wildcat well located in the North Sea offshore Norway.
Oil Price
18-09-2020

OPEC+ Panel to Meet Amid Oil Price Decline
OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.

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