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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
18-09-2020

China's Sinopec Buys About 10 LNG Cargoes for Winter Delivery
China's Sinopec has purchased about 10 liquefied natural gas cargoes for delivery between November and March next year.
Oil and Gas Equipment
17-09-2020

China's First Floating LNG Storage And Regasification Plant Project Completed
This is the first time for a Chinese shipbuilding company to enter the field of global high-difficulty large-scale LNG offshore equipment modification.
Crude Oil
17-09-2020

Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
Crude Oil
17-09-2020

World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year
Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals and many analysts who see a growing glut on the market.
Oil&Gas Drilling
17-09-2020

Eni Hits New Gas Discovery Offshore Egypt
Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.
LNG
17-09-2020

Hyundai Samho Delivers World's First LNG-Powered Very Large Container Ship
It had delivered the world's first very large container ship powered by liquefied natural gas to Singapore's Eastern Pacific Shipping Pte Ltd.
LNG
17-09-2020

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline.
Crude Oil
16-09-2020

EIA: OPEC+ Crude Oil Production Increased in August
Both OPEC and non-OPEC partner countries increased their crude oil production in August.
Crude Oil
16-09-2020

China’s August Crude Runs Hold at 14mn b/d
China's crude throughputs held largely steady near record highs in August, keeping pressure on refiners to manage high product inventories.
Oil & Gas Trade
16-09-2020

Bangladesh: Meghna Petroleum Signs Agreements For LPG Expansion
Meghna Petroleum, the state-run energy company, as part of its business expansion by selling LPG, has signed agreements with four non-listed companies–Beximco LPG Unit-1, Bashundhara LP Gas, Omera Gas One and Unitex LP Gas.
LNG
16-09-2020

SCF Takes Delivery of Shell-Chartered LNG Newbuild
Russian shipping major Sovcomflot has taken delivery of a newly built LNG carrier from the South Korean Hyundai Samho Heavy Industries shipyard.
Oil Field
15-09-2020

China's First Large-Scale Heavy Oil Thermal Recovery Development Platform Started Operation
This move fills the technical gap of large-scale thermal recovery of heavy oil in China's offshore fields.
Oil Price
15-09-2020

OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil Price
15-09-2020

Oil Prices Fall As Libya Reopens Ports
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday.
Oil&Gas Drilling
15-09-2020

Apache Kicks Off Drilling Operations on Fresh Well Off Suriname
Apache Corporation has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drilling at another location within the block.
Iran
14-09-2020

Iran Launches Phase 1 of Qeshm Oil Export Terminal
Iranian president Hassan Rohani has inaugurated the first phase of a new oil export terminal on Iran's Qeshm island, at the mouth of the Gulf of Oman.
Oil Price
14-09-2020

Oil Edges Higher Ahead of Opec+ Meeting with Demand in Focus
Oil edged higher toward US$38 a barrel in New York ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
Oil Pipeline
14-09-2020

Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km crude oil pipeline.
Oil & Gas Trade
11-09-2020

Kazakhstan Will Export Natural Gas to China As Planned
Kazakhstan Gas Transportation Company completed the export of natural gas to China in accordance with the contract.
Oil Price
11-09-2020

Russia’s Central Bank Warns That Oil Could Slide To $25
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports.
Netherlands
11-09-2020

Total and PitPoint.LNG to Build Multi-Fuel Station in the Netherlands
Total Nederland and PitPoint.LNG have started construction of a new multiple-energy truck station at the new A1 business park in Deventer, the Netherlands.
Oil & Gas Trade
11-09-2020

Russia's Gazprom Boosts Natural Gas Supplies to China
Russia's supply of natural gas to China via the Power of Siberia rose to 12 million cubic meters per day in July and August.
Market Analysis
10-09-2020

Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with the company’s heavy debt burden.
Oil Price
10-09-2020

Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingdom slashing its oil production as part of the new OPEC+ pact.
LNG
10-09-2020

Vietnam's Delta Offshore Energy Seeks Long-Term LNG Supplies
Delta Offshore Energy has launched a request for proposal for a long-term contract to buy liquefied natural gas.

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