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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
28-02-2020

Lebanon Begins 'Historic' Offshore Oil Drilling Amid Crisis
Lebanon's president Thursday inaugurated the Mediterranean country's first offshore exploratory drilling for oil and gas, calling it a “historic day” for the cash-strapped country.
Oil & Gas Trade
27-02-2020

China-Myanmar Gas Pipeline Imports of Natural Gas made a Breakthrough Last Year
The reporter recently learned from Kunming Customs that the natural gas imports of China-Myanmar oil and gas pipelines will exceed 5 billion cubic meters in 2019.
Oil Price
27-02-2020

Oil Prices Steady but Virus Fears Continue to Weigh
Oil prices steadied on Wednesday in Asia, but virus fears continued to weigh as the spreading showed no signs of slowing.
Crude
26-02-2020

Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix
The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil market, and at this moment it remains unclear how large the destruction in demand will be because of the outbreak.
Oil & Gas Trade
26-02-2020

Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts
In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and death tolls rising in South Korea, Italy and the Middle East.
Oil & Gas Trade
26-02-2020

IEA: Coronavirus May Hit Oil Demand Growth More Than Expected
The coronavirus outbreak could hit global oil demand growth more than currently expected, the head of the International Energy Agency (IEA) said on Tuesday, adding that the agency could additionally trim its oil demand growth projections.
Shale Gas
25-02-2020

Saudi Aramco Launches Largest Shale Gas Development Outside U.S.
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.
Crude
25-02-2020

Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade
The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National Oil Corporation, Mustafa Sanalla said during a meeting with the U.S. ambassador.
Oil & Gas Trade
25-02-2020

Iran to take Part in OPEC Meeting in March
Oil Minister Bijan Namdar Zanganeh said that Islamic Republic of Iran will participate in upcoming meeting of the Organization of Petroleum Exporting Countries (OPEC) which will be held in March 2020.
Oil & Gas Trade
24-02-2020

US hits Russian Firm in Bid to Squeeze Venezuela
The United States imposed sanctions on a subsidiary of Russian state oil major Rosneft and its president on Tuesday for allegedly helping the Venezuelan government to evade sanctions.
Oil&Gas Drilling
24-02-2020

UAE’s Latest Natural Gas Discovery Is A Gamechanger
The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the region still amaze persistent explorers. Even well-explored countries such as the UAE still hold su
Oil&Gas Drilling
23-02-2020

Saudi Aramco Announces Regulatory Approval of Al-Jafurah Gas Field
Saudi Aramco on Saturday announced the regulatory approval of the development of the Al-Jafurah unconventional gas field in the Eastern Province, the largest non-associated gas field in the Kingdom of Saudi Arabia to date.
Oil & Gas Trade
22-02-2020

US Slaps Sanctions on Russian Oil Company Trading with Venezuela
The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it with playing a central role in aiding the government...
Oil & Gas Trade
21-02-2020

Guyana Celebrates 1st Oil Shipment after Major Discovery
Guyana's government on Thursday prepared to sell its first barrels of oil after the discovery of large quantities of oil and gas near the South American country's coast nearly five years ago.
Crude
21-02-2020

Shell Looks To Expand Mars Crude Pipeline System
Shell Midstream Partners LP (NYSE: SHLX) announced that it is considering expanding its 163-mile-long Mars crude oil pipeline in the Gulf of Mexico, the company said in a Thursday earnings call, as the current system nears capacity according to Reuters.
Oil & Gas Trade
20-02-2020

Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and potentially threatening supplies to Asia, it’s dominant market.
Oil and Gas Technology
20-02-2020

India to Switch to World's Cleanest Petrol, Diesel from April 1
India will switch to the world's cleanest petrol and diesel from April 1 as it leapfrogs straight to Euro-VI emission compliant fuels from Euro-IV grades now - a feat achieved in just three years and not seen in any of the large economies around the globe
19-02-2020

US Takes Aim at Russian Oil Giant Rosneft to Press Venezuela
The United States on Tuesday imposed sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its key role in Venezuela, stepping up international pressure to break leftist President Nicolas Maduro's grip on power.
18-02-2020

How China's oil giants are contributing to anti-virus efforts
People would have never associated China's oil giants with masks without the epidemic, said a vice-chairman of the country's state assets regulator on Tuesday.
Oil & Gas Trade
18-02-2020

Shell Temporarily Suspends LNG Liftings from Prelude off Australia
Royal Dutch Shell (RDSa.L) has temporarily suspended cargo liftings from its Prelude floating liquefied natural gas (LNG) facility off northwest Australia while it works to restore production following an electrical trip on Feb. 2.
Oil & Gas Trade
18-02-2020

Libya Faces Disaster If Oil Blockade Continues
Libya is facing financial disaster if the Libyan National Army does not lift the oil port blockade, the Prime Minister of the UN-recognized Government of National Accord said as quoted by local media.
Oil & Gas Trade
17-02-2020

Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister
Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.
Oil & Gas Trade
16-02-2020

Total Looks To Stop Selling Fuel Oil To Power Plants
Supermajor Total wants to stop selling fuel oil—one of the most carbon-intensive refinery products—for power generation in order to reduce its carbon footprint, the company’s chief executive Patrick Pouyanné told Reuters in an interview published on Frid
Oil & Gas Trade
15-02-2020

Russia-Belarus Oil Dispute Begins to Threaten Supplies to Europe
A long-running oil dispute between Russia and Belarus has for the first time threatened to disrupt supplies to Europe.
Crude
15-02-2020

South Sudan Ignores Reports on Oil Pollution, Birth Defects
The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy metals including mercury, manganese, and arsenic, according to four environmental reports obtained

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