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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

Oil & Gas Trade
30-07-2020

US extends LNG Export Term to 2050
The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050.
Netherlands
30-07-2020

Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend
Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.
United States
30-07-2020

Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability of some oil and gas assets and the timing of peak demand.
Oil Price
30-07-2020

Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
Oil&Gas Drilling
29-07-2020

Aral to Build more than 100 350kW Ultra-Fast Charging Points at Retail Sites in Germany
Following a successful 12-month pilot project at five of its retail sites, Aral, bp’s market leading fuel retail brand in Germany.
Oil Pipeline
29-07-2020

China Starts Building Southern Part of China-Russia East Gas Pipeline
Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia.
LNG
29-07-2020

Consortium-Led LNG to Power Project in Myanmar Gets Approval
A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.
Oil & Gas Trade
28-07-2020

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come
A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The National.
United States
28-07-2020

Another Permian Oil Producer Files For Bankruptcy
Permian oil producer Rosehill Resources said on Monday that it had filed for bankruptcy protection, becoming the latest shale casualty of the collapse in oil prices.
Norway
28-07-2020

How One Oil Major Excelled As Prices Crashed
When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get rid of the huge supply overhang.
Oil Price
28-07-2020

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus cases across the globe.
Oil & Gas Trade
28-07-2020

In the First Half of 2020, Uzbekistan's Natural Gas Production Fell by 17.1%
The National Statistics Committee of Uzbekistan said on Monday that from January to June this year.
Oil&Gas Drilling
28-07-2020

Eni Confirms Gas Potential in Discovery Offshore Vietnam
Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.
Oil Pipeline
28-07-2020

Pipeline Blast Halts Gas Flows from Bulgaria to Greece
An explosion damaged a pipeline in southwestern Bulgaria early on Monday, halting transit of Russian natural gas through Bulgaria to Greece。
Oil & Gas Trade
27-07-2020

OnTurtle Makes Major Expansion With 88 Fuel Service Stations
OnTurtle, as part of its expansion plan developed together with its German supplier, BAYWA, has expanded its presence in Germany with 88 new fuel service stations.
Oil Field
27-07-2020

TAQA Files Decommissioning Plans for Two North Sea Platform Topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Oil & Gas Trade
26-07-2020

Kuwait Heavy Oil Output to Hit 75,000 b/d by September
State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,000 b/d by September.
Oil & Gas Trade
26-07-2020

Indonesia’s August Gasoline Imports Likely to Stay Low
Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.
Crude Oil
26-07-2020

Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil Field
25-07-2020

Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.
Oil Price
24-07-2020

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas Trade
24-07-2020

US Crude Floating Storage Shifts Toward Asia
Adds US crude export pricing context.
LNG
24-07-2020

Golar to Supply LNG to Norsk Hydro Aluminum Smelter
LNG and energy firm Golar Power signed a memorandum of understanding with fellow Norwegian firm Norsk Hydro to supply LNG to its Hydro Alunorte smelter.
LNG
24-07-2020

Chan May LNG to Build Power Project in Vietnam with $6bn Investment
US-Vietnamese joint venture Chan May LNG has reportedly planned to invest nearly $6bn in a power project in Vietnam.
Oil & Gas Trade
23-07-2020

Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May
The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.

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