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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Pipeline
28-07-2020

Pipeline Blast Halts Gas Flows from Bulgaria to Greece
An explosion damaged a pipeline in southwestern Bulgaria early on Monday, halting transit of Russian natural gas through Bulgaria to Greece。
Oil & Gas Trade
27-07-2020

OnTurtle Makes Major Expansion With 88 Fuel Service Stations
OnTurtle, as part of its expansion plan developed together with its German supplier, BAYWA, has expanded its presence in Germany with 88 new fuel service stations.
Oil Field
27-07-2020

TAQA Files Decommissioning Plans for Two North Sea Platform Topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Oil & Gas Trade
26-07-2020

Kuwait Heavy Oil Output to Hit 75,000 b/d by September
State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,000 b/d by September.
Oil & Gas Trade
26-07-2020

Indonesia’s August Gasoline Imports Likely to Stay Low
Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.
Crude Oil
26-07-2020

Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil Field
25-07-2020

Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.
Oil Price
24-07-2020

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas Trade
24-07-2020

US Crude Floating Storage Shifts Toward Asia
Adds US crude export pricing context.
LNG
24-07-2020

Golar to Supply LNG to Norsk Hydro Aluminum Smelter
LNG and energy firm Golar Power signed a memorandum of understanding with fellow Norwegian firm Norsk Hydro to supply LNG to its Hydro Alunorte smelter.
LNG
24-07-2020

Chan May LNG to Build Power Project in Vietnam with $6bn Investment
US-Vietnamese joint venture Chan May LNG has reportedly planned to invest nearly $6bn in a power project in Vietnam.
Oil & Gas Trade
23-07-2020

Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May
The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.
Saudi Arabia
23-07-2020

Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Oil Pipeline
23-07-2020

India: Unified Tariff on Gas Pipelines from September
In yet another reform initiative in the oil and gas sector, pipeline operators in the country may shift to a unified or pooled tariff regime for inter-connected cross-country gas pipelines from September 1.
Oil & Gas Trade
22-07-2020

What’s Next For Oil And Gas?
Oil demand has been decimated by Covid-19, bottoming in April at 76 million barrels per day, down 25% from 102 million barrels per day in December 2019.
Oil Field
22-07-2020

CNOOC 21/2/16-3 Regional Development Project Put into Production
CNOOC announced that the Luda 21-2/16-3 regional development project has been put into operation.
Oil & Gas Trade
22-07-2020

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Oil & Gas Trade
22-07-2020

Russia Delivers First Arctic Oil To Key Ally China
Ensuring a leading position in the exploration and development of the Arctic's huge gas deposits has long been a key part of President Vladimir Putin’s overall vision to project the power of his new Russia.
Oil Field
22-07-2020

Cooper Energy and Mitsui Commit $55M for Minerva Gas Plant Upgrade
Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoules of so far undeveloped gas.
Oil&Gas Drilling
21-07-2020

Russia's Gazprom Neft and Shell Launch JV for Hydrocarbon Development
Russian oil producer Gazprom Neft (SIBN.MM) on Tuesday said it had signed an agreement with Shell (RDSa.L) to establish a joint venture to develop a large-scale hydrocarbon cluster on the Gydan peninsula in Siberia.
LNG
21-07-2020

Total, Exxon Demobilize PNG LNG Expansion Workers Due to COVID-19
Oil and gas companies Total and ExxonMobil have idled workers at the troubled Papua New Guinea LNG expansion project due to the COVID-19 pandemic, project partner Oil Search said July 21 in its earnings statement.
Oil Field
21-07-2020

Chevron to Take over Noble’s Cyprus Gas Field
US energy giant Chevron is taking over Noble Energy for $5 bln in an all-share deal, boosting its shale gas assets at home.
South Africa
21-07-2020

South African LPG Association Name Change Announced
The Liquefied Petroleum Gas Safety Association of South Africa has announced its name change to Liquefied Petroleum Gas Association of South Africa.
Iran
20-07-2020

Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field
Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.
LNG
20-07-2020

Pilot LNG Proposes New Texas LNG Bunkering Terminal
Natural gas infrastructure specialist Pilot LNG announced on Friday a new project to construct a dedicated liquefied natural gas bunkering terminal in Texas, U.S.

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