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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
03-06-2020

Oil Moves Lower as U.S.-China Tensions Weigh
Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.
Oil Field
03-06-2020

Nigeria's Revenue Burden to Ease off as DPR Announces Bids for Marginal Oilfields
Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead to announce its first licensing round.
LNG
03-06-2020

Consortium Commits $15bn Toward LNG Project in Mozambique
A mozambican LNG project is expected to sign an agreement in June 2020 with financing commitments of $15 billion.
Oil & Gas Trade
03-06-2020

US Sanctions Four Shipping Firms for Transporting Venezuelan oil
The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports.
Oil & Gas Trade
02-06-2020

Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy
A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.
Oil & Gas Trade
02-06-2020

U.S. LNG Exporters Face New Test as China Tensions Resurface
U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.
Oil & Gas Trade
02-06-2020

Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas Trade
02-06-2020

Putin, Trump Discuss G7 Summit, Oil Markets Over Phone
Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.
Oil Price
01-06-2020

Australia:Tasmania to Introduce Mandatory Fuel Pricing
The Tasmania state government has announced it would impose a mandatory real-time fuel price reporting mechanism on retailers in order to put downward pressure on costs at the bowser.
Oil Field
01-06-2020

Kazakhstan to Build Gas Processing Plant at Kashagan
Kazakhstan intends to build a gas processing plant at oilfield in west of Kazakhstan – Kashagan, Minister of Energy Nurlan Nogayev told a briefing on May 27.
Market Analysis
01-06-2020

Opec's President Calls for an Earlier Meeting of Producers
The proposal would allow members to factor any policy changes to Opec+ cuts ahead of their monthly export allocations
Oil Price
01-06-2020

Oil Price Crash to Fuel Japan and South Korea's Coal-to-Gas Switch
LNG volumes sold on an oil-indexed basis could become cheaper.
Oil & Gas Trade
01-06-2020

Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government of the South American nation prepares stations to begin charging for the gasoline.
Oil Shale
31-05-2020

Oil Explorers Revert to Pre-Shale Drilling Level Across U.S.
Oil explorers are drilling at the slowest pace in more than a decade as the pandemic-driven collapse in energy demand wipes out cash flow, jobs and even entire companies.
Oil&Gas Drilling
31-05-2020

Turkey Says May Begin Oil Exploration Under Libya Deal in 3-4 months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece.
Oil & Gas Trade
30-05-2020

Kurdistan Requests Gas Supply From Iran
The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.
Oil & Gas Trade
30-05-2020

Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Oil&Gas Drilling
30-05-2020

U.S. Rig Count Plunges Again
The number of operating U.S. oil and gas rigs plunged again this week in its twelfth week of losses, according to Baker Hughes.
Oil&Gas Drilling
29-05-2020

UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact
State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last month to reduce supplies, three sources with knowledge of the matter told Reuters.
29-05-2020

New BP America President and Chairman Named
London-based BP PLC, which has its U.S. headquarters in Houston, announced May 28 that David C. Lawler will be the next chairman and president of BP America Inc.
Oil & Gas Trade
29-05-2020

CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project
Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow Oil said Thursday.
Crude Oil
29-05-2020

China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said.
Oil&Gas Drilling
28-05-2020

ConocoPhillips Receives Consent to Use Valaris rig for Ekofisk Wells
Oil and gas exploration company ConocoPhillips has received consent from the Norwegian offshore safety watchdog Petroleum Safety Authority (PSA), to use a Valaris rig for plugging and abandonment on the Ekofisk field.
Oil&Gas Drilling
28-05-2020

Saipem and Equinor Sign Major Engineering Services Pact
Norwegian energy firm Equinor has awarded Italian oilfield service company Saipem a two-year frame agreement to provide engineering services globally.
28-05-2020

South African Petroleum Body Warns of Diesel Shortage
The South African petroleum industry association said South Africa was running low on diesel.

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