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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Pipeline
03-07-2020

Michigan Judge Allows Restart of Disputed Line 5 Oil Pipeline
Enbridge resumed pumping through the Midwest pipeline.
Oil & Gas Trade
03-07-2020

US Court Orders Seizure of Iranian Gasoline Cargoes
A US federal court today authorized the seizure of 1.16mn bl of Iranian gasoline aboard four tankers, which are allegedly transporting it to Venezuela.
Crude Oil
03-07-2020

New Zealand Cuts 2020 Oil Output Forecast
New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.
03-07-2020

UAE's Taqa Registers Dh4bn Loss in Q1 2020
Despite the challenging start to the year, TAQA is looking ahead and is well positioned to continue benefiting from stable revenue streams.
Oil&Gas Drilling
03-07-2020

Odfjell Rig Heads to South Africa for Total Drilling Campaign
Odfjell Drilling's semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.
LNG
02-07-2020

Volkswagen's First LNG-Powered Car Carrier Arrives in US
Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car carrier in the US Port of Davisville, Rhode Island.
South Africa
02-07-2020

SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an undisclosed sum.
Crude Oil
01-07-2020

Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Crude Oil
01-07-2020

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolstering global crude markets.
LNG
01-07-2020

TMS Cardiff Gas LNG Tanker Collides with Car Carrier off Belgium
A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping's car carrier offshore Belgium's Oostende.
Nigeria
01-07-2020

Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
LNG
01-07-2020

India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot markets.
China Energy
30-06-2020

CNOOC Announces Significant South China Sea Discovery
China National Offshore Oil Corporation announced a major discovery in Huizhou 26-6 in the east of the South China Sea.
Crude Oil
30-06-2020

How the Fed Bailed Out U.S. Oil And Gas
he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.
Oil Price
30-06-2020

Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Oil & Gas Trade
30-06-2020

Milestone for Neptune in Algeria
Neptune Energy today announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz.
China Energy
29-06-2020

China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil and Gas Equipment
29-06-2020

Total Starts Up 2nd FPSO Off Brazil
Total and its partners announce the start-up of the Floating Production Storage and Offloading P-70 of the Iara cluster, located in the deepwater Santos Basin pre-salt offshore Brazil.
Crude Oil
29-06-2020

Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.
Market Analysis
29-06-2020

Egypt Gas Production at 23-Month Low
Egyptian gas production fell sharply in March from a year earlier, and was the lowest since April 2018.
Crude Oil
29-06-2020

UAE's Adnoc Rolls Over Crude Nomination Cuts in August
Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.
Oil Shale
29-06-2020

America:Chesapeake Files for Bankruptcy Protection
Chesapeake Energy, the once-mighty natural gas producer, filed for bankruptcy protection today.
Oil & Gas Trade
28-06-2020

Iran Exports $1.09bn Oil Products via PSEEZ in Three Months: official
Home to the largest gas field in the world, South Pars Special Economic Energy Zone, as the capital of energy in Iran, is considered as the hub of export of non-oil products, he added.
LNG
28-06-2020

Poland Signs Deals to Expand Świnoujście LNG Terminal
Poland is to invest PLN 1.9 billion in the expansion of its Świnoujście liquefied natural gas terminal.
Oil Shale
28-06-2020

30% Of U.S. Shale Drillers Could Go Under
U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as prices sank back to lows not seen since 2016, and they are still scrambling.

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