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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil & Gas Trade
15-10-2019

Russia: OPEC+ Deal Will Not Be Revised
OPEC and its Russia-led non-OPEC partners in the production cut pact are currently not discussing changing the terms of their agreement, Russian Energy Minister Alexander Novak said on Monday.
Oil & Gas Trade
15-10-2019

Russia & Saudi Arabia Seal Major Deals & Sign OPEC+ Long-Term Cooperation Charter
Agreements include the charter for long-term cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers. Along with the charter, the two countries have signed a protocol on energy cooperation.
LNG
14-10-2019

Total And Adani Will Invest in $1 Billion in Creating Gas Infrastructure in India
French multinational integrated oil and gas company Total S A has partnered with Gautam Adani-led Adani Group to supply and market natural gas in India, Total said in a statement.
Crude
13-10-2019

Iran Releases Photos of Damage to Tanker Attacked in Red Sea
The National Iranian Tanker Co. released photos of damage to the hull of the Sabiti oil tanker, hit in an alleged missile attack off the coast of Saudi Arabia in the early hours of Friday morning.
Oil & Gas Trade
13-10-2019

Iran Works to Reroute Oil Exports Away from Strait of Hormuz
The oil terminal project would allow Iranian tankers to bypass the Strait of Hormuz and load their oil cargoes at the Jask port terminal, east of the strait.
Oil&Gas Drilling
13-10-2019

U.S. Drillers Add Oil Rigs for First Week in Eight -Baker Hughes
U.S. energy firms this week increased the number of oil rigs operating for the first time in eight weeks even though energy services firms are cutting jobs as most producers follow through on plans to reduce spending on new drilling this year.
Oil & Gas Trade
11-10-2019

Iran Accuses Saudi Arabia of Attack on Oil Tanker in Red Sea
Iran said missiles that struck one of its oil tankers in the Red Sea probably came from Saudi Arabia, marking the latest escalation in a tit-for-tat conflict between the two Middle Eastern powers that has roiled energy markets.
Energy Technology
11-10-2019

BP Invested in Artificial Intelligence About Energy Management Platform
BP's venture capital branch BP Ventures has invested in artificial intelligence (AI) developer Grid Edge in an effort to expand the company’s digital energy portfolio.
Oil & Gas Trade
11-10-2019

EU New Climate Goals Mean Tougher Rules for The Gas Industry
Incoming commission president Ursula von der Leyen is expected to make a legally binding European goal to become carbon neutral by mid-century the centre piece of a “green deal” that should be announced sometime between February and March.
New Technology
10-10-2019

Northern Gas & Power Unveils A Number of New Technology On Energy Management Technologies
UK-based energy procurement company Northern Gas & Power (NGP) held its annual conference on 4 October 2019, revealing a number of energy management technologies for businesses and consumers.
Oil & Gas Trade
09-10-2019

"Huge Fears" About Demand — Not Middle East Tensions — Are Weighing on Oil Markets
Global trade tensions and their potential impact on crude demand are more significant for oil markets than recent attacks on energy infrastructure in the Middle East, according to Helima Croft, the managing director and global head of commodity strategy.
LNG
09-10-2019

European Gas Market May Be Unable to Absorb The Ongoing Surplus of LNG
European gas prices are set to remain “weak” this winter with the market unable to absorb the ongoing surplus of LNG, which has led to an unprecedented number of stranded cargoes, market participants told Montel.
Oil&Gas Drilling
06-10-2019

Trump Opening California Public Land to Fracking, Gas Leases. Is it‘Reckless’?
The Trump administration has finalized its plans to open hundreds of thousands of acres of federal land in Central California to oil and gas leasing, paving the way for more fracking to soon begin in the state.
LNG
06-10-2019

World's Leading Nat Gas Producer Is About To Get Even Bigger
On September 9 Saad Sherida Al Kaabi, minister of energy as well as president and CEO of state-owned Qatar Petroleum (QP), announced that the country had shortlisted a number of multinational companies for a stake in the North Field expansion.
Oil & Gas Trade
06-10-2019

Exxon Mobil Bars Use of Oil Tankers Linked to Venezuela -Sources
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on global crude freight rates.
Oil Price
02-10-2019

Oil Snaps Six-Day Drop as Shrinking Supply Offsets Growth Fears
Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakening.
Oil Price
02-10-2019

No, the Saudi Oil Attacks Were Not 'False Flag'
As a continuing series of dramas and crises distract our attention from the unresolved questions around the Yemeni attacks on Saudi Aramco, it’s vital to state certain points that are beyond contention.
Crude
02-10-2019

Iran Awards Contracts to Push Ahead with Major Oil Pipeline Project
Iran has awarded contracts to three domestic engineering firms for manufacturing giant pumping devices needed for a major pipeline project that would transfer Iran's oil from export terminals southwest of the country to the coast of the Sea of Oman.
Oil Price
02-10-2019

Saudi Ambition Confronts New Vulnerability
A year later, in his first interview on Arab television, he chastised the Saudi public for their addiction to oil and pledged to transition the economy to one based on investment.
Crude
01-10-2019

Iran on Full alert to protect oil facilities from possible attacks
Iran’s oil minister, Bijan Namdar Zangeneh, has ordered his country’s energy sector to raise its alert levels against cyber and military attacks that could target the oil industry.
Crude
29-09-2019

Brazil Environment: Vast Oil Spill Hits Dozens of Beaches
Brazilian officials are investigating the source of a vast oil spill that has hit dozens of beaches along the country's north-eastern coast.　The spill has been detected in Maragogi, as well as 104 other locations.
Oil & Gas Trade
29-09-2019

British Tanker Docks in Dubai After Detention by Iran
A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shipping route for oil.
Oil & Gas Trade
28-09-2019

Canada's Heavy Oil Exports To Asia From US Surge
Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018's exports as Asian refiners scramble for heavy sour oil, according to vessel-tracking data, traders and industry sources.
Crude
27-09-2019

More Than 100 Oil Spills Detected off Brazilian Coast This Month
Brazil's main environmental agency said it has detected 105 crude oil spills from an undetermined source polluting the waters of the country’s north east coast this month.
Oil&Gas Drilling
27-09-2019

Irish Government to End Offshore Oil Drilling,And Gas Is To Follow
Ireland's Taoiseach Leo Varadkar announced at a UN assembly earlier this week that the Irish Government is ending offshore oil drilling, and gas is to follow.

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