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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

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.
Oil & Gas Trade
25-08-2020

Azerbaijan's Exports of Petroleum Products Increase by 16% in the First Seven Months of 2020
From January to July 2020, Azerbaijan exported 706,000 tons of petroleum products, valued at US$190 million.
Oil Field
25-08-2020

Brazil's Petrobras Puts Another Small Refinery and 26 Oilfields on the Block
Brazil's Petrobras has initiated the sale process for a group of 26 onshore and shallow water oilfields and a small nearby refinery in the northeastern part of the country.
Oil & Gas Trade
24-08-2020

Singapore's Non-Oil Domestic Exports in July Increased by 6% Year-on-Year
According to data released by the Singapore Enterprise Development Board on August 17, Singapore’s non-oil domestic exports in July continued the upward trend in June
Oil & Gas Trade
24-08-2020

Middle East Share of India's Oil Imports Hits 2-Year High in July
Middle Eastern oil accounted for 71.5% of India's oil imports in July.
Crude Oil
24-08-2020

Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.
Oil & Gas Trade
24-08-2020

US Slashes Nigerian Oil Imports by 11.67m Barrels
The United States slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what it bought in the same period of 2019.
Russian Federation
21-08-2020

Gazprom Neft profit slumps 80% in Q2
Russia's Gazprom Neft, the oil business of state gas company Gazprom, said weak oil prices had driven a near 80% slump in second-quarter net profit to 22 billion roubles ($297m).
Crude Oil
21-08-2020

India’s July Crude Imports Fall to Decade Low
India's crude imports hit a decade low in July, falling by a record 36pc or 1.67mn b/d on the year because of a nationwide Covid-19 lockdown and sliding refining throughput.

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