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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
09-01-2020

Mozambique Signs Gas Importation Agreement for Beluluane Gas-Fired Power Plant
Mozambique has signed an agreement deal with France to import liquefied natural gas (LNG) that will be needed for a major gas-fired power station planned for Beluluane, on the outskirts of the Mozambican capital.
Oil Price
09-01-2020

Oil Prices Plunge after Trump Downplays Iran Attack
Oil prices plunged on Wednesday, reversing the spike in overnight trading after U.S. President Donald Trump downplayed Iran's missile attack against U.S. forces in Iraq.
08-01-2020

Apache Shares Jump 27% on Major Discovery in Suriname with Total
Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apache’s shares surging nearly 27%.
Oil&Gas Drilling
08-01-2020

Talos Targeting 2023 for First Oil from Zama Offshore Mexico
Talos Energy has detailed results of Netherland Sewell’s (NSAI) contingent resource evaluation of the Zama oil discovery in block 7 offshore Mexico.
Oil & Gas Trade
08-01-2020

Russia Begins TurkStream Gas Flows to Greece, North Macedonia
Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce shipments via Ukraine.
Crude
08-01-2020

Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies.
LNG
07-01-2020

Qatar Petroleum and Kuwait Petroleum Corporation Sign Agreement to Supply 3 Million Tons of LNG
Qatar Petroleum and Kuwait Petroleum Corporation (KPC) entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per annum of Liquefied Natural Gas (LNG) to the State of Kuwait.
Oil & Gas Trade
07-01-2020

Oil Buyers Fear Iraqi Supply Hit, in Spillover from Iran Crisis
Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.
LNG
07-01-2020

Australia Officially the World’s Largest Exporter of LNG
Australia has officially become the world’s largest exporter of LNG on an annualised basis.
Oil Price
06-01-2020

Oil Surges After Trump Threatens Iraq Sanctions
Oil prices shot more than 2 per cent higher on Monday, with Brent rising above $70 a barrel, after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.
Oil&Gas Drilling
06-01-2020

New Zealand Oil Exploration Hinges on Great South Basin
OMV's drilling programme off the Otago coast this summer will probably determine whether there is any further exploration in New Zealand waters, a leading energy analyst says.
Market Analysis
06-01-2020

Oil Industry Braces for more Mideast Turmoil After Soleimani Killing
The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated – direct military confrontation between the two adversaries.
Oil & Gas Trade
05-01-2020

Baltic Pipeline Opens to Ease Natural Gas Dependence on Russia
Stored natural gas has begun flowing to Finland from Latvia through the new Balticconnector pipeline in a bid to ease the region's dependence on Russian gas.
Market Analysis
05-01-2020

Oil Infrastructure at Risk as Iran Looks to Avenge Soleimani's Death
Energy infrastructure around the Persian Gulf could be among the most tempting targets for Iran in seeking retaliation for the U.S. killing of Gen. Qassem Soleimani.
Oil & Gas Trade
05-01-2020

Russia to Resume Limited Oil Supplies to Belarus Amid Talks
Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening economic ties between the neighboring countries.
Crude
03-01-2020

Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana
Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.
Oil & Gas Trade
03-01-2020

Greece, Cyprus and Israel Sign Agreement to Build Gas Pipeline
Greece, Cyprus, and Israel have signed an agreement to construct 1,900-kilometer undersea pipeline to carry natural gas from the eastern Mediterranean to Europe and potentially help the continent reduce its dependency on Russia for energy supplies.
Oil&Gas Drilling
03-01-2020

China's Top Coal Province to Seek Investors Extracting Gas from Abandoned Mines
Shanxi holds about 2,052 sq km of depleted coal mine zones that could contain an estimated 72.6 billion cubic metres of coal-seam gas.
Oil & Gas Trade
02-01-2020

Jordan Gets The First Supplies of Israeli Gas
Under the agreement, the U.S.-Israeli consortium will supply Jordan gas for 15 years from the field in the Mediterranean.
Crude
02-01-2020

China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state firm’s first foray into making petrochemicals, three company sources said.
Oil & Gas Trade
02-01-2020

Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in the OPEC nation: delivering gasoline.
Oil & Gas Trade
02-01-2020

New Dispute Over Oil Could Be Brewing Between Russia and Belarus
Moscow and Minsk have had several oil and gas rows over the past decade in what has been described as love-hate relationship between president Vladimir Putin and Alexander Lukashenko.
Oil & Gas Trade
02-01-2020

Axxis Geo Solutions finally pens OBN survey deal in the Middle East
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has finally put pen to paper on a long-awaited final contract for a large OBN survey in the Middle East.
Oil & Gas Trade
01-01-2020

Bulgaria Starts Getting Transit-Free Russian Gas Via TurkStream
Bulgaria's Bulgargaz and Russia's Gazprom have agreed for Bulgaria to start receiving Russian gas directly from the TurkStream pipeline rather than through Romania starting 1 January to save some 81 million leva ($45 million), the Bulgarian gas company ha
Oil & Gas Trade
01-01-2020

Petrofac Clinches Deals Worth £100m in Oman
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).

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