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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil&Gas Drilling
20-01-2020

EU Warns Turkey Off Mediterranean Gas Exploration Plans
The European Union has urged Turkey to drop plans to drill for oil and gas around Cyprus and the eastern Mediterranean, saying such exploration was “illegal”.
Crude
20-01-2020

Pipeline Closure Risks Taking Nearly all Libya's Oil Offline
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
Oil & Gas Trade
20-01-2020

Jordan Parliament Seeks Ban on Israel Gas Imports
Jordan’s parliament Sunday voted in favour of a law to ban gas imports from Israel, weeks after the Jewish state began pumping it to the kingdom in a $10 billion deal.
Shale Gas
19-01-2020

A Crude Restructuring: How America's Shale Revolution Changes the Oil Market in the Middle East
In the first week of January 2020, US special forces executed a strike killing the leader of Iran’s foreign paramilitary arm, Qasem Soleimani, and raised the alarm of an imminent war.
Oil&Gas Drilling
19-01-2020

Trump Administration Grants Chevron License to Keep Drilling in Venezuela
The Department of Treasury is allowing Chevron, along with four other U.S. service suppliers, to continue operating in Venezuela despite U.S. sanctions.
Oil&Gas Drilling
19-01-2020

Huge New Field Sends Norway’s Oil Production To 9-Year-High
The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Norwegian Petroleum Directorate (NPD) showed on Friday.
Oil & Gas Trade
19-01-2020

Libya's Eastern-Based Forces Move to Halt Oil Exports
A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production
Oil & Gas Trade
18-01-2020

Eastern Libya Halts More Than Half the Country's Oil Output
Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude output by more than half and ramping up tensions ahead of a summit in Germany to discuss the cou
Crude
18-01-2020

Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guyana, according to Liam Mallon, President of Exxon Mobil upstream oil and gas.
Crude
17-01-2020

Guyanese Lab Tech was First to Test Guyana’s First Oil
The ExxonMobil company has announced that Guyanese laboratory technician, Shivnarine Outar was the first person to test the first sample of Guyanese crude oil as it came through the Liza Destiny vessel.
Oil & Gas Trade
17-01-2020

India May Significantly Boost U.S. Oil Imports
India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet later this year
Oil&Gas Drilling
17-01-2020

First Shafag-Asiman Exploration Well Spudded Offshore Azerbaijan
SOCAR and BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January.
Crude
16-01-2020

Saudi Aramco Mulls Offshore Oil Expansions
The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years.
Oil & Gas Trade
16-01-2020

Israel Starts Exporting Natural Gas to Egypt Under Landmark Deal
Israel began exporting natural gas to Egypt on Wednesday under one of the most important deals to have been signed by the neighbors since they made peace decades ago.
Market Analysis
15-01-2020

Venezuela Oil Flow to Hit 2mn b/d in 2020: Maduro
Venezuela's crude production will more than double to 2mn b/d in 2020, the Opec country's president Nicolas Maduro said in an annual national address.
Oil & Gas Trade
15-01-2020

India Exploring Ways to Source Crude Oil from Russia: Pradhan
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil supply sources and we are now exploring ways to import crude from Russia as well,” Pradhan told a Rus
Market Analysis
15-01-2020

Norway Says Era of Oil and Gas Production Isn’t About to End
Norway Finance Minister Siv Jensen said she sees no reason why the oil and gas her country produces can’t be part of a future focused on sustainable energy.
Oil & Gas Trade
15-01-2020

India, Russia Initiate Talks for Long-Term Oil Supply
India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi looks to diversify its energy sources and do away with over-dependence on West Asia, people famili
Market Analysis
14-01-2020

OPEC+ Committed to Balanced Oil Market: UAE Minister
Energy Minister of the United Arab Emirates (UAE) Suhail Al Mazrouei has said the alliance of the oil producing nations known as OPEC+ remains committed to a balanced oil market despite rising geopolitical tensions in the region, the local daily newspaper
Oil & Gas Trade
14-01-2020

Iraq Warns of 'Collapse' if Washington Blocks Oil Cash
BAGHDAD-Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that supply 90 percent of the national budget.
Oil & Gas Trade
14-01-2020

The Battle For Suriname’s Oil Is About To Begin
The discovery of a significant oil field off the coast of Suriname has grabbed headlines in the past few weeks. With less than a million inhabitants and a GDP per capita of $6,310, the new discovery could be a game changer small South American nation.
Crude
14-01-2020

China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020
The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers at China National Petroleum Corp.
Market Analysis
13-01-2020

Quest for Blue Skies Poised to Propel up China’s Gas Imports
China’s Blue Sky Policy envisages boosting the share of natural gas in the energy mix from currently 7.5 percent to 15 percent by 2030 which requires substantial investment in LNG and pipeline import capacity and related infrastructure.
Oil & Gas Trade
13-01-2020

Putin Says Nord Stream 2 Pipeline to be Completed by Early 2021
Russian President Vladimir Putin said Saturday that he hopes work on the Nord Stream 2 gas pipeline will be finished by early next year.
Oil&Gas Drilling
11-01-2020

3 Arctic Wilderness Areas to Watch as Trump Tries to Expand Oil & Gas Drilling
When President Donald Trump entered the White House in 2017, his intention was clear: His would be an administration defined in part by a no-holds-barred effort to open lands for oil and gas drilling, and there was no place more appealing than the Alaskan

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