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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
03-11-2020
Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.
Oil Pipeline
03-11-2020
Total Signs Pact with Tanzania for its EACOP Pipeline Construction Project
Total has announced that it has reached an agreement with the Tanzanian government for its EACOP pipeline project in the country.
Oil & Gas Trade
02-11-2020
Russia Ranks Second by Oil Exports to China in September
Oil supplies from Russia to China increased to 1.83 mln barrels daily as of the end of September 2020.
Oil Price
02-11-2020
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil prices and the COVID-19 pandemic impact revenue and economic growth.
Crude Oil
02-11-2020
US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald Trump or an accelerated renewables transition under Joe Biden.
LNG
02-11-2020
Russia: Gazprom Opens Natural Gas Fuel Service Stations
Gazprom has launched two new infrastructure facilities for refueling motor vehicles with natural gas, eco-friendly vehicle fuel.
LNG
02-11-2020
China's CNOOC and Sinopec Issue First LNG Tenders on Shanghai Gas Exchange
China National Offshore Oil Corp and Sinopec Corp issued the first tenders to buy liquefied natural gas on the Shanghai Petroleum and Natural Gas Exchange when the bourse launched LNG trading on Friday, said an exchange statement.
LNG
31-10-2020
ExxonMobil not to Set up LNG Terminal in Pakistan
ExxonMobil, the US-based multinational oil and gas corporation, has decided not to continue with its plans to set up an LNG terminal in Pakistan, as the company seeks to reduce its capital and operating expenses.
Crude Oil
31-10-2020
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project received state approval.
Oil & Gas Trade
30-10-2020
Turkey's Gas Imports up 6.5% in August 2020
Total natural gas consumption in August grows 19.5% year-over-year.
Oil Field
30-10-2020
BP Starts Gas Production from Qattameya Field, Offshore Egypt
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 Price
30-10-2020
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Crude Oil
30-10-2020
OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day.
Oil&Gas Drilling
30-10-2020
Equinor in Two Oil Discoveries Offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada.
Oil&Gas Drilling
29-10-2020
Neptune Energy Makes Small Oil Discovery off Norway
The discovery is estimated to hold between 0.5 and 3.2 million cubic metres (mcm) of recoverable oil equivalents, NPD said in a statement.
Oil&Gas Drilling
29-10-2020
Total Boasts Second ‘Significant Discovery’ Offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa.
Oil & Gas Trade
29-10-2020
Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.
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.
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Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
