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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

17-04-2020

Shell Greenlights $6.4 bln Australia Natural Gas Project
Royal Dutch shell said on Friday it would develop the first phase of Australia's largest coal-bed methane resource in Queensland.
Oil & Gas Trade
17-04-2020

Saudi Aramco to Supply Full May Crude Volumes to Asian Refiners
Saudi Arabia, the world's largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May.
Crude Oil
17-04-2020

Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty years this quarter.
Oil Pipeline
17-04-2020

Shell Restarts US Offshore Oil Hub After Pipeline Leak
Royal Dutch Shell Plc resumed production of 100,000 barrels a day Tuesday at its Perdido deepwater center in the U.S. gulf of Mexico.
17-04-2020

Shell Looks To Become Net Zero Energy Company By 2050
Oil supermajor Shell announced on Thursday its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP and Eni in unveiling plans to curb carbon emissions.
Oil&Gas Drilling
17-04-2020

Qatar Starts Expansion Drilling At World’s Largest Gas Field
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural gas deposit that the tiny nation shares with Iran in the Persian Gulf.
Crude Oil
17-04-2020

Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest estimates.
Oil Field
16-04-2020

Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a result of drilling and commissioning of six new wells.
Oil Price
16-04-2020

Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build
A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confirmed a build, and a much higher one, at 19.2 million barrels for the week to April 10.
LNG
16-04-2020

Networks Unveil Plan to Deliver World's First Zero Carbon Gas Grid
The UK's gas network operators have set themselves the ambitious target of delivering the world's first zero carbon gas grid, as part of a major new programme dubbed 'Gas Goes Green'.
Oil Shale
16-04-2020

Nagpur: Petrol, Diesel Sale Just 10-15% of Earlier Level
The sale of petrol and diesel is now just 10-15 per cent of normal levels in the city proving the lockdown has been effective to a great extent. However.
LNG
15-04-2020

China's GCL, Shell Sign Preliminary Deal on LNG Trading Joint Venture
A joint venture has been set up in eastern China to promote and trade liquefied natural gas (LNG).
Crude Oil
15-04-2020

Oman's Daily Oil Production Up 12.83% in March
Oman's oil ministry said in a statement that the country's daily oil production increased by 12.83% month on month in March this year.
Oil Price
15-04-2020

Saudi Arabia Claims The U.S. Was Not Their Target In The Oil War
Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy Intelligence’s Amena Bakr.
Oil Price
15-04-2020

Oil Rises Amid Hopes for Quick Decline in U.S. Shale Output
Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
Oil & Gas Trade
14-04-2020

Crude Cuts: Nigeria to Earn $10.61bn in Eight Months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation of Petroleum Exporting Countries to cut production.
Crude Oil
14-04-2020

Kazakhstan to Cut Oil Production by 390,000 Barrels Per Day
Kazakhstan will reduce oil production by 390,000 barrels per day for a period of two months under the OPEC + agreement.
Crude Oil
14-04-2020

China's March Crude Oil Imports Rose 4.5 Per Cent y/y on Stockpiling
China's crude oil imports in March rose 4.5 per cent from a year earlier, according to official customs data.
Oil Price
14-04-2020

Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel
Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.
LNG
14-04-2020

New Arctic Projects will Proceed as Planned, Despite a Sharp Drop in LNG Exports
Amid a world economic crisis, the Russian gas company Novatek is shipping less liquefied natural gas than it was just a few months ago.
Oil&Gas Drilling
14-04-2020

Non OPEC+ Crude Oil Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).
Oil Shale
14-04-2020

U.S. Shale Production To Drop By Record Amount In April
The EIA expects U.S. shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, according to new data published on Monday.
Crude Oil
14-04-2020

Opec+ Plans to Cut Output by 20mn bpd: Trump
Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Monday.
Oil&Gas Drilling
13-04-2020

OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.
Oil Price
13-04-2020

Non-Opec Members Will Also Need to Cut Output to Balance Oil Price
Not just production cut upfront, they have also decided to cut production all the way to April 2022.

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