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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil&Gas Drilling
16-06-2020
OPEC+ may be Able to Ramp up Oil Production in 2021: IEA
The IEA predicts oil demand will grow 3 million b/d more than supply in 2021, as it released its first estimates for next year in its June 16 outlook, which would mean shifting some of the huge stock overhang that has built up.
China Energy
16-06-2020
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Oil Shale
16-06-2020
EIA Forecasts U.S. Shale Oil Output Decline of 93,000 Barrels a Day in July
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day.
Africa Energy
16-06-2020
Petrol Price goes up as Diesel, Kerosene Pump Rates Drop in Kenya
The price of super petrol has increased by Sh5.77 while those of diesel and kerosene dropped by Sh3.80 and Sh17.31 per litre respectively.
Crude Oil
16-06-2020
Yemen Aims to Raise Oil Output 25 % within Months
Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months.
Oil Price
15-06-2020
BP Takes Hit of Up to $17.5bn As it Forecasts Cheaper Oil
BP has forecast lower oil prices for decades to come as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
Africa Energy
15-06-2020
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Oil Pipeline
15-06-2020
Will America's Pipeline Operators Survive the Oil Crisis?
Pipeline utilization by mid-stream US oil and gas companies has fallen sharply in recent months.
Oil & Gas Trade
14-06-2020
Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End
The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of June.
Oil & Gas Trade
14-06-2020
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to Iran for oil exports.
Gas Turbine
14-06-2020
Caterpillar China Tianjin Ltd. Manufactures First Gas Engine For Oil & Gas Application
Caterpillar Oil & Gas has manufactured its first gas engine at Caterpillar China Tianjin Ltd. (CTL) for oil and gas applications. According to Caterpillar.
Oil Field
13-06-2020
'Roadmap' Ready to Douse Assam Oil Well Fire
A 'roadmap' has been chalked out to douse Assam's oil well fire, which continues to blaze for the fourth day on Friday and has till now claimed two lives.
LNG
13-06-2020
Liquefied Gas Tank Explosion in Russia's Kazan kills 1, Injures 3
A gas explosion at a Gazprom distribution centre in the Russian city of Kazan has killed one person and left three injured.
Oil Price
12-06-2020
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil & Gas Trade
12-06-2020
PGNiG to Supply LNG to LG Electronics in Poland
Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.
Oil Price
12-06-2020
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Crude Oil
11-06-2020
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Africa Energy
10-06-2020
Libya's Oil Company Says Largest Oil Field Shut Down Again
The country's largest oil field to halt work just hours after it restarted operations.
Oil & Gas Trade
10-06-2020
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth will rise by 1.7 per cent annually.
China Energy
10-06-2020
The First Large Oilfield of 100 Million Tons was Discovered in the Northern Area of Laizhou Bay, China
"The first large oilfield of 100 million tons was discovered in the northern area of the Laizhou Bay in China's Bohai Sea!" This Kenli 6-1 oilfield has proven oil reserves of more than 100 million tons.
Crude Oil
10-06-2020
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Oil Field
10-06-2020
Massive Fire at Assam's Baghjan Oil Well
A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.
Gas Turbine
10-06-2020
General Electric Gets New Order from Japanese Power Producer JFE
General Electric has secured a new order from Japanese power producer JFE Steel for upgrading a gas turbine at Chiba Power Plant.
Oil & Gas Trade
09-06-2020
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
LNG
08-06-2020
Avenir LNG Carrier Nearing Completion
Singapore's Offshore Technology Development has recently completed the installation of a ballast water treatment system on Avenir LNG's small-scale vessel.
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