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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

Saudi Arabia
23-07-2020

Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Oil Pipeline
23-07-2020

India: Unified Tariff on Gas Pipelines from September
In yet another reform initiative in the oil and gas sector, pipeline operators in the country may shift to a unified or pooled tariff regime for inter-connected cross-country gas pipelines from September 1.
Oil & Gas Trade
22-07-2020

What’s Next For Oil And Gas?
Oil demand has been decimated by Covid-19, bottoming in April at 76 million barrels per day, down 25% from 102 million barrels per day in December 2019.
Oil Field
22-07-2020

CNOOC 21/2/16-3 Regional Development Project Put into Production
CNOOC announced that the Luda 21-2/16-3 regional development project has been put into operation.
Oil & Gas Trade
22-07-2020

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Oil & Gas Trade
22-07-2020

Russia Delivers First Arctic Oil To Key Ally China
Ensuring a leading position in the exploration and development of the Arctic's huge gas deposits has long been a key part of President Vladimir Putin’s overall vision to project the power of his new Russia.
Oil Field
22-07-2020

Cooper Energy and Mitsui Commit $55M for Minerva Gas Plant Upgrade
Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoules of so far undeveloped gas.
Oil&Gas Drilling
21-07-2020

Russia's Gazprom Neft and Shell Launch JV for Hydrocarbon Development
Russian oil producer Gazprom Neft (SIBN.MM) on Tuesday said it had signed an agreement with Shell (RDSa.L) to establish a joint venture to develop a large-scale hydrocarbon cluster on the Gydan peninsula in Siberia.
LNG
21-07-2020

Total, Exxon Demobilize PNG LNG Expansion Workers Due to COVID-19
Oil and gas companies Total and ExxonMobil have idled workers at the troubled Papua New Guinea LNG expansion project due to the COVID-19 pandemic, project partner Oil Search said July 21 in its earnings statement.
Oil Field
21-07-2020

Chevron to Take over Noble’s Cyprus Gas Field
US energy giant Chevron is taking over Noble Energy for $5 bln in an all-share deal, boosting its shale gas assets at home.
South Africa
21-07-2020

South African LPG Association Name Change Announced
The Liquefied Petroleum Gas Safety Association of South Africa has announced its name change to Liquefied Petroleum Gas Association of South Africa.
Iran
20-07-2020

Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field
Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.
LNG
20-07-2020

Pilot LNG Proposes New Texas LNG Bunkering Terminal
Natural gas infrastructure specialist Pilot LNG announced on Friday a new project to construct a dedicated liquefied natural gas bunkering terminal in Texas, U.S.
LNG
20-07-2020

LNG Markets May Not Recover Until 2021
The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020.
Oil & Gas Trade
20-07-2020

Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs
Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fiscal year.
Russian Federation
20-07-2020

Oil Price of $40-43 per Barrel more or Less Balanced
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening of the OPEC+ production restrictions.
United States
19-07-2020

India to Create its First Overseas Oil Stockpile in US
India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low prices and guard against possible supply disruptions.
United States
19-07-2020

US Oil & Gas Rig Count Falls to Record Low for 11th Week: Baker Hughes
The US oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 253 in the week to July 17.
Crude Oil
19-07-2020

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted exports earlier this month.
Mozambique
19-07-2020

Total Secures $14.9 bn to Finance Mozambique Gas Project
French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.
Norway
18-07-2020

Norway’s Oil Industry Is Beginning To Recover
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate said in its first-half activity report on Friday.
Crude Oil
17-07-2020

Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries
Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next decade.
China
17-07-2020

Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.
Oil & Gas Trade
17-07-2020

Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’
An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.
Kazakhstan
17-07-2020

Kazakhstan to Fulfil its Obligations Under the OPEC+ Agreement
The ministry recalled that representatives of Kazakhstan told the OPEC+ secretariat that in the first 12 days of May there was an overproduction of oil in the country due to the inertia of the industry.

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