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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
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.

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