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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil and Gas Technology
09-05-2020

Itron Announces Innovative Gas Technology for Gen5 Network
Itron has announced its innovative 500G gas Encoder Receiver Transmitter module is now available on its Gen5 network.
Oil&Gas Drilling
09-05-2020

Odfjell Drilling's Deep-Sea Yantai Got the Green Light
Neptune energy is exploring and drilling in the north sea using the yantai deep-sea semi-submersible drilling platform.
Oil & Gas Trade
09-05-2020

India's LNG Imports Jumped 18 % in 2019-2020
India's imports of liquefied natural gas (LNG) jumped by 18% in 2019-2020.
Oil Field
09-05-2020

Ghana Instructs Eni and Local Producer to Combine Oil Fields
Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields.
LNG
09-05-2020

GLOBAL LNG: Asian Spot Prices Recover a Little on Improving Demand
Spot prices for liquefied natural gas in Asia rose slightly this week.
Oil & Gas Trade
08-05-2020

U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever
The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand.
Oil & Gas Trade
08-05-2020

North American Oil Producers Cut Output Quicker Than Some Expected
OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, sending prices plunging.
Oil & Gas Trade
08-05-2020

Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Oil&Gas Drilling
08-05-2020

PTTEP Makes New Oil Discovery Offshore Mexico
PTTEP and its joint venture partners made two successful deep-water oil discoveries in Block 29, offshore Mexico, with good quality reservoirs. Commercial potential of the new discovery will be assessed in the next phase.
Oil Price
08-05-2020

Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recovery—and this move sent oil prices jumping early on Thursday after the price announcement.
Oil Price
08-05-2020

Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields producing 230,000 bpd, Reuters reported on Thursday, quoting three sources familiar with the matter.
Oil Shale
08-05-2020

Top US Shale Producer Sees Oil Price Recovery Continuing
Pioneer natural resources, a U.S. shale oil producer, expects prices to return to at least $45 a barrel this year.
Oil Price
07-05-2020

In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude
Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.
Crude Oil
07-05-2020

Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting in mid-May.
Crude Oil
07-05-2020

Korea's SK Innovation Sees Refining Slump Continuing
SK Innovation, the south Korean oil refiner, sees no sign of recovery.
Crude Oil
07-05-2020

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd
U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister Pavel Sorokin told local media on Wednesday.
Oil & Gas Trade
07-05-2020

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.
Oil Shale
06-05-2020

Shell Sells Appalachia Shale Gas Assets to National Fuel
The consideration is intended to be paid in cash, but National Fuel has the option to provide up to US$150 million of NFG common stock as consideration.
Oil & Gas Trade
06-05-2020

Why Russia Finally Accepted Deeper Oil Output Cuts
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite a bit more than it was asked to at the ill-fated March meeting.
Crude Oil
06-05-2020

Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa
The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specializes in modular process equipment.
Oil&Gas Drilling
06-05-2020

Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years
The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-country.”
Oil & Gas Trade
06-05-2020

Saudi Arabia's Oil Exports to Drop in May as Demand Slides
Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.
Crude Oil
06-05-2020

Numaligarh Refinery to Import 21TMT of Crude Oil from Petronas Malaysia
NRL will take advantage of the collapse in oil prices to import 21 tonnes of crude from petronas.
Oil Price
06-05-2020

Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns
Oil prices fell Wednesday, ending a multi-day rally.
Oil Price
05-05-2020

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television channel in an interview on Friday.

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