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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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.
Oil Price
20-10-2019

Saudi Arabia's Best Bet Is to Crash the Price of Oil
Saudi Arabia should give up trying to manage the global crude market and return to the pump-at-will policy it briefly adopted in 2014 under its longest serving oil minister Ali Al-Naimi.
Oil & Gas Trade
19-10-2019

U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro.
LNG
18-10-2019

Saudi Aramco, ACWA Power to Invest $3 Bln to Build LNG Plant And Terminal in Bangladesh
The Bangladesh prime minister's investment adviser, Salman Fazlur Rahman, said the agreement "represented one of the largest deals in Bangladesh's lucrative power sector" and reflected confidence in the country's "investment-friendly environment."
Shale Gas
18-10-2019

The Warning Signs Are Flashing For U.S. Shale
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.
LNG
17-10-2019

South Korean LNG Imports Hit 2-year Low in September
South Korean LNG imports fell to their lowest monthly level since 2017 in September, tumbling 25% year on year, latest customs data showed.
LNG
16-10-2019

Global Oil And Gas Majors Are Looking to India's Demand for LNG
Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.

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