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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
13-07-2020

GasNet Opens First Mobile LNG Station in Czech Republic
GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas on the Czech market.
LNG
13-07-2020

Russia’s Blue Stream Gas Pipeline to Turkey Idle Since May
The Blue Stream pipeline delivering Russian gas to Turkey, due to be re-launched after maintenance in May, remains idle.
Oil & Gas Trade
13-07-2020

Libya's NOC Blames UAE for Halt to Oil Output, Exports
Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.
Crude Oil
13-07-2020

OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
10-07-2020

China Awards More Non-State Crude Import Quotas
China has issued a third batch of non-state crude import quotas for 2020, sending the amount awarded so far this year more than 10pc above the total for 2019.
Oil Pipeline
10-07-2020

Brazil Resumes Open Season for Gas Pipeline
Brazil's hydrocarbons regulator will resume an open season for access to the Bolivia-Brazil natural gas pipeline.
Oil & Gas Trade
10-07-2020

BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
Market Analysis
10-07-2020

Will Trump's New Investment Proposal Help The Oil & Gas Industry?
The U.S. Department of Labor – which has recently proposed a rule that would limit retirement funds' investments based on environmental, social, and governance criteria.
Oil & Gas Trade
10-07-2020

North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil
The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.
09-07-2020

Chevron Partners with Clean Energy On Adopt-A-Port Initiative to Supply Renewable Natural Gas for Port Trucks
Chevron is working with Clean-Energy Fuels, a California-based natural gas retailer, on the Truck-A-Port project.
Oil & Gas Trade
09-07-2020

US Refiners Ramp Up Crude Imports from Mexico to 8-Year High
US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country's largest refinery in late June led it to offload more barrels.
Crude Oil
09-07-2020

US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA
US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.
Oil & Gas Trade
09-07-2020

Berkshire Hathaway Strikes $10bn Deal with Dominion Energy for Natural Gas Assets
It announced the cancellation of a multi-billion-dollar natural gas pipeline joint venture with Duke Energy.
Oil Price
08-07-2020

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021
Italy's Eni lowered its long-term oil price assumptions on Tuesday.
Oil Price
07-07-2020

Oil Price Crash Causes Major Recession In Russia
The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the most in 11 years.
China Energy
07-07-2020

Sinopec's Tianjin Terminal Takes More LNG in 1H 2020
China's state-owned Sinopec received more LNG cargoes at its 6mn t/yr Tianjin LNG import terminal in northern China during the first six months of this year compared with a year earlier.
Crude Oil
07-07-2020

Libya Needs Months to Restore Output: Sanalla
Libya's crude production will take months to return to near the 1.22mn b/d achieved prior to blockades that froze all of the country's onshore crude output in January.
Oil&Gas Drilling
07-07-2020

Africa Energy to Spud Luiperd-1 in September
Africa Energy Corp. has announced that the Odfjell Deepsea Stavanger semi-submersible rig has departed Bergen.
Oil & Gas Trade
07-07-2020

Dominion Energy Sells Natural Gas Assets for $9.7bn
Dominion Energy has agreed to sell its natural gas assets for $9.7bn, the US-based power company announced on Sunday.
Market Analysis
06-07-2020

Who Will Get Full Control Of Libya’s Oil Riches?
Major alliances such as NATO and the European Union mean nothing in this conflict.
LNG
06-07-2020

Japan Bets Big on Mozambique Liquefied Natural Gas
The money will fund the development of a gas field in the African country to produce some 12 million tons of LNG annually.
Oil&Gas Drilling
06-07-2020

Eni Makes New Gas Discovery off Egypt
Eni announced that it had successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta.
Market Analysis
05-07-2020

Big Oil Confronts Possibility of Terminal Demand Decline
Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.
Oil & Gas Trade
05-07-2020

Poland and Germany to Cut Russian Pipeline Oil Imports in July
Poland and Germany are set to reduce purchases of Russian flagship Urals crude blend via the Druzhba pipeline this month after Moscow cut its oil output along with other leading producers, traders said on Friday.
Crude Oil
04-07-2020

Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expenditures to boost production.

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