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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
07-09-2020

Rig Platform Arrives in Mossel Bay Ahead of Drilling
The rig platform, the Deepsea Stavanger, arrived in Mossel Bay on 21 August ahead of its deployment to the Outeniqua Basin, where it is scheduled to work on the next phase of the Luiperdpadda Project.
Oil Price
07-09-2020

Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on Friday.
Oil & Gas Trade
06-09-2020

US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo
The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran's oil exports.
Oil & Gas Trade
06-09-2020

Russia's Gazprom Starts LPG Supplies to Crimea Via New Bridge
Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow annexed from Ukraine in 2014
Crude Oil
04-09-2020

Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Oil Price
04-09-2020

Canadian Oil Prices Rise On Pipeline Shutdown
The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the weekend.
LNG
04-09-2020

Cyprus Makes A Major Bet On LNG
The discovery of Cyprus’ first gas field, offshore in the Eastern Mediterranean, was reason for celebration in December 2011.
LNG
03-09-2020

Shell Builds Fifth LNG Bunkering Station in Germany
Shell, headquartered in The Hague, has built a new liquefied natural gas refueling station in Kirchmüttek, Germany, expanding its LNG refueling network.
LNG
03-09-2020

Global LNG Deliveries Stay Low in August
Global LNG deliveries fell on the year for the third consecutive month in August, with southern Europe and Latin America recording the sharpest drops in demand.
Crude Oil
03-09-2020

OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand also stimulating more production.
Oil Pipeline
03-09-2020

Neptune Setting up World’s Longest Heated Production Pipeline
Installation of the world’s longest heated subsea production pipeline is underway in the Norwegian sector of the North Sea.
Oil Field
03-09-2020

Husky Energy Nearing Completion of Chinese Gas Project
Canadian oil and gas company Husky Energy is nearing the startup of the Liuhua 29-1 field at the Liwan Gas Project offshore China.
Oil Price
02-09-2020

Goldman Expects Oil To Reach $65 Next Year
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel.
Mexico
01-09-2020

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions
Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.
Oil & Gas Trade
01-09-2020

Libya Set To Export First Crude From Oil Ports Since January
Two tankers will be the first since January this year to load oil for export at the Libyan port of Brega, citing unidentified source in the know.
China
01-09-2020

Robust Chinese Demand Fuels Oil Market Recovery
Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China.
Crude Oil
31-08-2020

Refining Capacity at Iraq's Baiji to Double in Months
Iraq is currently processing more than 75,000 b/d of crude at its Baiji refining complex, which could increase to as high as 140,000 b/d in the "next few months,".
Crude Oil
31-08-2020

Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025.
Oil Field
31-08-2020

Saudi Arabia Announces Siscovery of New Oil, Gas Fields
The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian Oil Company.
Oil&Gas Drilling
28-08-2020

Oil Major Equinor Stops Drilling In U.S. Shale Patch
Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment.
Oil Price
28-08-2020

Putin Would Like To See Oil Prices Above $46 Per Barrel
It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday.
Oil & Gas Trade
28-08-2020

Iraq Cuts Oil Exports in August, Pumps Below OPEC+ Target
Iraq's crude oil exports have fallen so far in August, according to shipping data and industry sources
China
28-08-2020

PetroChina Posts $4.4 Billion H1 Loss, Pledges Near-Zero Emissions by 2050
PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan on lower oil prices.
Oil Field
27-08-2020

Iran Fast Tracks Development Of Huge West Karoun Oil Field
The West Karoun fields together contain at least 67 billion barrels of oil in place and, with an average recovery rate currently of only around 4.5 per cent.
Oil & Gas Trade
27-08-2020

U.S. Oil Exports to China Soar 139% in July
U.S. crude oil exports to China grew by 139 percent on the year in July thanks to bargain hunting among Chinese buyers, making the U.S. the fifth-largest supplier of oil to the critical Chinese market.

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