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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
14-08-2020

Private Chinese Refiner Boosts Crude Storage Capacity
Private Chinese firm Hengli Petrochemical, which operates one of the largest private refineries in China, has boosted its crude oil storage capacity.
Oil & Gas Trade
14-08-2020

Venezuela Looks To Ease Gasoline Shortage By Restarting Production Units
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country.
Libya
13-08-2020

Libya Suffers over $8 Billion Losses in Blockaded Oil Production
Libya has suffered over $8 billion in losses as a result of the oil blockade and the closure of oil wells by Khalifa Haftar’s forces in the past 200 days, the National Oil Corporation (NOC) announced.
United States
13-08-2020

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.
Philippines
13-08-2020

Shell Unit Shuts Philippine Refinery as Ppandemic Slashes Margins
The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow.
Oil Field
13-08-2020

Kazakhstan Reduces Production of Oil and Condensate by 1.4%
Oil and condensate production decreased by 1.4% in seven months of 2020.
Russian Federation
12-08-2020

Huge Blast Rips Through Gas Station in Russian City of Volgograd, Injuring at Least 13
At least 13 people are injured following an explosion sparked by a fire at a gas station in Volgograd, Russia, with 10 of the victims being rushed to the hospital.
Oil & Gas Trade
12-08-2020

Russia's Oil Product Exports to the U.S. Jump to 16-Year High
Russia's exports of petroleum products to the United States more than doubled in the first half of 2020 compared to the same period last year.
Gas power plant
12-08-2020

Siemens and BP to Expand Largest Gas-to-Power Project in Latin America
Brazil-based State Power Investment Corporation, has signed a deal with EIG Global Energy Partners, bp and Siemens to acquire a 33% stake in the largest gas-to-power project in Latin America.
LNG
12-08-2020

Sempra Energy Says Cameron LNG Plant Launches Full Commercial Operations
US energy company Sempra Energy said late Monday its $10 billion Cameron liquefied natural gas (LNG) export terminal in Louisiana has started full commercial operations under its tolling agreements.
LNG
12-08-2020

Brazil’s SPIC to Acquire Stake in LNG-to-Power Projects
Brazil’s State Power Investment Corporation (SPIC) has signed an agreement with Siemens, BP and Prumo to acquire a 33% stake in two LNG-to-power projects.
Oil & Gas Trade
11-08-2020

Shale Job Losses Accelerating and the Worst May be Yet to Come
Roughneck job cuts accelerated in July and the outlook may worsen as new Covid-19 cases stifle economic activity, according to the Petroleum Equipment and Services Association.
Saudi Arabia
11-08-2020

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imposed to curb the coronavirus pandemic drastically cut the demand for oil and slammed prices.
Azerbaijan
11-08-2020

BP has Ambitious Long-Term Plans for Work in Azerbaijan's Oil&gas Sector
BP will continue its business in Azerbaijan, Bakhtiyar Aslanbayli, BP’s communications and advocacy vice president for the Middle East and Caspian Region stated, Trend reports with reference to Aslanbayli’s official Twitter page.
Crude Oil
11-08-2020

Australia’s Ampol to Restart Lytton Refinery
Australian refiner and fuel marketer Ampol plans to restart its 109,000 b/d Lytton refinery in September and reach full production in early October.
Crude Oil
11-08-2020

Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas Trade
11-08-2020

Algeria's Gas Exports to Fall Sharply in 2025
Algeria's gas exports will drop to 26 billion to 30 billion cubic metres per year in 2025 from 45 billion in 2020.
Saudi Arabia
10-08-2020

Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.
Saudi Arabia
10-08-2020

Oil Rises on Saudi Aramco's Upbeat Demand View
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains.
Oil & Gas Trade
10-08-2020

Iran Moves from Oil to Petrochemicals in Export
Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.
Oil & Gas Trade
10-08-2020

Libya's Oil Blockade Will Help Clear the Global Supply Glut
Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020
Oil&Gas Drilling
10-08-2020

Turkey Resumes Energy Exploration in Eastern Mediterranean
Turkey has resumed energy exploration activities in the eastern Mediterranean Sea.
Oil&Gas Drilling
09-08-2020

Demand For Offshore Oil Rigs To Return In 2022
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities.
Oil & Gas Trade
09-08-2020

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one very small shipment back in 2002.
LNG
09-08-2020

Chevron Can Make Lsrael’s Leviathan a Global Gas Supplier
According to the chief executive officer of Delek Drilling, Chevron’s entry into Israel’s Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier.

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