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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
31-10-2019

Denmark Snubs Trump with Approval of Russian Gas Pipe to Europe
In a major boost for Russia's effort to tighten its grip over natural gas supplies to western Europe, Denmark said it will allow the controversial Nord Stream 2 pipeline to pass through its territory.
Oil & Gas Trade
30-10-2019

BP Eyes Brazil Gas Buildout, May Swap LNG Imports for Domestic Output
BP Plc wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here.
Crude
30-10-2019

Russia Said it’s too Early to Talk about Deeper Output Cuts
Oil held below $56 a barrel after Russia said it’s too early to talk about deeper output cuts, casting doubt on the ability of OPEC and its allies to balance supply against a worsening demand outlook.
Oil & Gas Trade
30-10-2019

South-East Asia may Become Net Fossil Fuel Importer in Coming Years: IEA
Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report.
Oil&Gas Drilling
29-10-2019

BP Makes Major Gas Discovery Offshore Mauritania
BP has made a major gas discovery with the Orca-1 well, drilled just south of the BirAllah discovery, offshore Mauritania. With 13 trillion cubic feet (tcf) of gas in place, Orca-1 is the third-largest discovery made so far this year.
Crude
29-10-2019

U.S. Military Envisions Broad Defense of Syrian Oilfields
The United States will repel any attempt to take Syria’s oil fields away from U.S.-backed Syrian militia with “overwhelming force,” whether the opponent is Islamic State or even forces backed by Russia or Syria, the Pentagon said on Monday.
Oil & Gas Trade
28-10-2019

Trump’s Proposal for U.S. Companies to Develop Syrian Oil Faces Hurdles
U.S. President Donald Trump’s suggestion on Sunday that Exxon Mobil or another U.S. oil company operate Syrian oil fields drew rebukes from legal and energy experts.
Oil&Gas Drilling
28-10-2019

OPEC+ will Factor in Weak U.S. Output at December Meeting
Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss their output agreement in December, the TASS news agency reported.
Oil and Gas Equipment
28-10-2019

Spain's ‘Luxurious’ Gas Infrastructure Under the Spotlight
Gas power plants in Spain are running below 25% capacity, according to an investigation published in the Spanish media on Wednesday (23 October), sparking calls from environmentalists to stop funding the country’s “oversized” gas infrastructure.
Crude
27-10-2019

UK Government should Pay for Clean-up of Oil Spill on Fife Beach, Says MSP
The UK Government has been urged to foot the bill for clean-up of an oil spill along the Fife coastline. A massive clean-up operation following the spillage at Limekilns beach in February has cost the local authority £600,000.
Oil & Gas Trade
27-10-2019

Putin Ally Criticizes US Sanctions, American Oil and Dollar Power
September attacks on Saudi oil assets have created doubts about Saudi Arabia's status as a reliable oil supplier, Igor Sechin, Chief Executive of Russia's Rosneft, said.
Shale Gas
27-10-2019

Global Markets are “Awash” in Crude Thanks to the Surge in U.S. Oil Output, Rick Perry Said
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.
Oil & Gas Trade
26-10-2019

Russia Affirms Close Oil Cooperation with Saudi Arabia, OPEC+
Russia's energy ministry said on Friday it continues close cooperation with Saudi Arabia and OPEC and non-OPEC oil producers to enhance market stability and predictability.
Oil&Gas Drilling
26-10-2019

Exploration Disappointment for Cnooc West of Shetland
Chinese firm Cnooc has confirmed that its Howick exploration well located west of Shetland was a duster. The company, which has a base in Kingswells, Aberdeen, used the Island Innovator rig to drill the well, starting on August 31.
Oil & Gas Trade
25-10-2019

Norway's New Oil Grade Is Making Inroads in Asia Markets
China’s Unipec, at least one of the nation’s independent refiners and South Korea’s Hyundai Oilbank Co. have bought Johan Sverdrup for December delivery, said traders and refinery officials in Asia.
LNG
24-10-2019

Poland Ready to Halt Import of Russian Gas
Poland is ready to ensure its energy supplies without importing gas from Russia due to the diversification of supplies and increasing LNG imports, Piotr Woźniak, the CEO of Poland’s state gas and oil company PGNiG has said.
Shale Gas
24-10-2019

NAO Report:The Shale Gas Extracting Technique Seems“Slower Than Expected”in England
A new report from the National Audit Office (NAO) in the UK has revealed that the shale gas extracting technique used in England might not be as efficient as previously thought.
Crude Oil
23-10-2019

Fire Broke Out at Iran’s Oil Refinery, Raises Further Suspicions of Saudi Retaliation
“The refinery’s fire department contained the fire and prevented it from spreading to other units,” state broadcaster IRIB said on its website, referring to the incident which took place in a canal carrying waste from the refinery.
Oil & Gas Trade
23-10-2019

The U.S. Crude Oil Export Broke Up Another Record
Growing U.S. crude oil production and exports have resulted in America selling oil to more destinations around the world than the number of countries from which it imports crude oil, the Energy Information Administration (EIA) said on Tuesday.
Oil & Gas Trade
22-10-2019

The U.S. Will Not Give Up Control Of Syrian Oil & Gas
The United States will keep hold of oil and gas fields in eastern Syria and the Al Tanf base in the south under the plan to withdraw troops from the country, the Asharq Al-Awsat newspaper reported on Monday.
Oil & Gas Trade
21-10-2019

Trump Baffles with Claim to have Taken Control of Mideast Oil
Trump made the comments twice on Friday -- first in a tweet proclaiming “The U.S. has secured the Oil,” and later while discussing the temporary cease-fire reached between Turkish and Kurdish fighters in northern Syria a day earlier.
Oil&Gas Drilling
21-10-2019

Shell Egypt to Sell Western Desert Assets to Focus on Expanding Offshore Gas Projects
A source in the oil sector told Daily News Egypt, that Shell has begun to exit globally from the activity exploration and production in onshore areas, to focus on and expand its work with offshore gas projects and deepwater operations.
Oil & Gas Trade
20-10-2019

Iran Says U.S. Fails to Halt Iran's Oil Industry Development
Iranian Petroleum Minister Bijan Namdar Zanganeh said the United States has failed to exert pressures on Iran through sanctions against the country's oil industry.
LNG
20-10-2019

ENI: Libya Has Large Reserves Of Natural Gas
Rome, 20 October 2019(Lana) The Executive Officer of the Italian Eni Group Claudio Descalzi said 'Libya along with the east Mediterranean is an important region for Eni for the large reserves of natural gas estimated at 10 billion cubic meters.
Crude
20-10-2019

Russia Sells Crude Oil at Record Premiums
Soaring freight rates in the past two weeks prompted Asian buyers to bid up for cargoes that ship over shorter distances such as oil from Russia.

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