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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

Crude Oil
21-08-2020

Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP
The agency predicts a slight rebound next year but expects the growth to be short-lived.
Oil&Gas Drilling
21-08-2020

World’s Largest Offshore Rig Owner Files Bankruptcy
UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity.
United States
20-08-2020

High-Stakes Presidential Race Casts Cloud Over Future of US Shale
There is much at stake for the US shale oil industry in the forthcoming US presidential race. History shows us that the oil and gas industry did not prosper under the last two Democratic administrations.
Oil & Gas Trade
20-08-2020

Libya to Export Only Oil Accumulated in Terminals, LNA Says
Libya, following the resumption of the operation of oil facilities, will export only oil accumulated in port terminals, crude produced at deposits will not be exported, Libyan National Army spokesman Major General Ahmad al-Mismari said.
Market Analysis
20-08-2020

Origin Braces for Tougher Year as Virus Hammers Energy Markets
Australian power giant Origin Energy is bracing for a tougher-than-expected year ahead as lower wholesale electricity prices erode profits and the oil price crash flows through to sales of liquefied natural gas.
Oil&Gas Drilling
20-08-2020

OPEC+ Stresses Need for All Members to Comply with Output Cuts
The outcome of the meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) on Wednesday was as predicted.
Nigeria
20-08-2020

NPDC Planning 500,000 barrel of Crude Oil Per Day
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its production to 500, 000 barrels of crude oil per day in the next two years to meet domestic cons
Crude Oil
20-08-2020

Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the outbreak
Crude Oil
20-08-2020

Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this excess over the next two months.
Crude Oil
20-08-2020

Could The GNA Ever Successfully Control Libya’s Oil?
The success of the Tripoli-based Government of National Accord in forcing the withdrawal of the eastern-based Libyan National Army from northwestern Libya has led to a temporary détente in the conflict.
Oil Pipeline
20-08-2020

Egypt Brings Online New Crude Pipeline at al-Hamra port
Egypt has brought online a new crude oil pipeline at the al-Hamra petroleum port on the Mediterranean Sea.
Oil & Gas Trade
20-08-2020

US Eyes October Deadline to End Exemptions on Venezuela Oil Sanctions
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's oil.
Oil&Gas Drilling
19-08-2020

Total Restarts Drilling off Angola
French oil major Total has resumed oil drilling offshore Angola with the Skyros rig while two more are expected to start operations in the week to follow.
LNG
19-08-2020

Renewables Could Cut LNG Plant Emissions by 8%
Using renewable energy could help the Asia Pacific region cut carbon emissions from liquefied natural gas plants by 8%.
Oil&Gas Drilling
18-08-2020

Trump Administration Looks at Allowing Longer Extensions to Remote Offshore Wells
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.
Oil & Gas Trade
18-08-2020

Tehran Says Fuel Seized by US Belonged to Venezuela, Not Iran
Iran’s Foreign Minister, Mohammad Javad Zarif, has refuted allegations, saying that the vessels involved in what he described as an act of “piracy” were not Iran-flagged and the fuel onboard belonged to Tehran.
Oil&Gas Drilling
18-08-2020

Trump to Open Alaska Arctic Refuge to Oil Drilling for First Time
The Trump Administration is set to open the Arctic National Wildlife Refuge in Alaska to oil drilling for the first time by approving a drilling program on Monday.
Oil & Gas Trade
17-08-2020

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Oil and Gas Equipment
17-08-2020

Iraq to Send Second Round of Gasoil Supplies to Lebanon
Iraq is sending a second round of gasoil supplies in aid to Lebanon following the massive blast that wiped out much of the Lebanese capital Beirut's port and surrounding areas earlier this month.
LNG
17-08-2020

Low Gas Prices Could Derail Papua New Guinea’s LNG Ambitions
Papua New Guinea first started producing liquefied natural gas in April 2014 when the flagship $19bn PNG LNG project came on-line months ahead of schedule.
Oil and Gas Equipment
17-08-2020

Nigeria: Rainoil’s New 8000metric ton LPG Tank Helps Widen Expansion
Rainoil Limited’s newly built 8000metric ton capacity Liquefied Petroleum Gas tank, with fleet capacity of 40 trucks, has been launched, targeted at deepening penetration of the commodity in-country.
15-08-2020

IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower global oil demand this year by 8.1 million barrels per day.
Azerbaijan
15-08-2020

BP Says it has no Plans to Scale down Oil and Gas in Azerbaijan
British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables.
United States
15-08-2020

Trump Administration to Roll Back Curbs on Methane from Oil, Gas Operations
The EPA is expected to retain some of the rules issued in 2012 that control methane emissions and also limit those of so-called volatile organic compounds that cause smog.
Crude Oil
14-08-2020

California Oil Production Limits Stall in Legislature, Leaving the Issue to Newsom
In his first year in office, Gov. Gavin Newsom vowed to protect Californians against hazards and pollutants from oil and gas production.

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