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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Crude
14-11-2019

China Oct Refinery Output Rises 9.2% from Year Ago to Second-Highest Ever
China’s crude oil throughput in October rose 9.2% from a year earlier to the second-highest on record, as refineries in the world’s second-biggest oil consumer and top importer ramped up output after returning from plant maintenance.
Oil&Gas Drilling
14-11-2019

Pakistan, China Agree to Work on Four Key Projects for Oi l& gas
Pakistan and China have agreed to include four key projects for oil and gas cooperation including finalisation of feasibility study on South North Gas Pipeline Project by Power China International Group of Companies.
Oil & Gas Trade
14-11-2019

BNP Paribas Analysis Says Demise of Big Oil Is Coming Within A Decade
According to a new analysis by BNP Paribas, the big oil industry is “now in relentless and irreversible decline,” mostly thanks to the dip in prices for batteries and renewables, which is driving an electric vehicle – EV – revolution.
Oil & Gas Trade
13-11-2019

Global Oil Demand to Hit a Plateau Around 2030, IEA Predicts
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
Oil and Gas Technology
13-11-2019

'Artificial Leaf' Successfully Produces Clean Gas
A widely-used gas that is currently produced from fossil fuels can instead be made by an 'artificial leaf' that uses only sunlight, carbon dioxide and water, and which could eventually be used to develop a sustainable liquid fuel alternative to petrol.
Shale Gas
12-11-2019

Argentina's Shale Trove Risks Staying Buried, Oil Chiefs Say
Investments had been picking up in Vaca Muerta, a Maryland-sized shale formation in Patagonia that could turn the troubled nation into a global energy provider. But that was before leftist Alberto Fernandez won the presidential election last month.
Oil & Gas Trade
11-11-2019

Oil Demand could Peak in 20 years, Says Saudi Aramco IPO Prospectus
A second scenario in the Saudi Aramco prospectus assumes a faster transition away from fossil fuels that leads to peak oil demand occurring in the late 2020s.
Oil and Gas Equipment
11-11-2019

EU's New List of Energy Projects Includes 32 Gas Facilities
The EU says it wants to get out of fossil fuels and become climate neutral as soon as possible. But the European Commission’s latest list of energy projects eligible for EU funding nevertheless includes 32 gas projects.
Oil&Gas Drilling
11-11-2019

China's CNPC Launches Deepest Onshore Gas Field
CNPC has fully launched the deepest onshore gas field in the country, Keshen 9, in the south foot of Tianshan in Tarim oilfield, Xinjiang region, reported state television on Monday, citing officials from the company.
Oil & Gas Trade
11-11-2019

China to Remain a Battle Ground for Saudi Aramco, Russian Crude Suppliers
China has been relying heavily on Saudi Arabia and Russia for its refinery feedstock requirements over the recent years, with both producers constantly switching between them the top supplier position to Asia's biggest energy consumer.
Oil&Gas Drilling
10-11-2019

Iran’s president: New oil field found with over 50B barrels
Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.
Oil & Gas Trade
10-11-2019

Saudi Aramco's Record IPO to Launch November 17
Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. It left potential buyers in the dark about the size of the stake it plans to sell and the pricing range.
Market Analysis
09-11-2019

African Countries Tout Their Oil And Gas Investment Opportunities
Several African countries have used the Africa Oil Week (AOW) event in Cape Town this week to promote their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders.
Crude
08-11-2019

Equinor Finds New North Sea oil well, Norway's Oil Boom Is Backing
“After a string of recent discoveries, 2019 is shaping up to be the most successful exploration year since 2014 on the Norwegian Continental Shelf (NCS).”
Oil & Gas Trade
07-11-2019

Analysts Say : Germany to Become Key to EU Gas Transit
Germany will become key to Europe’s gas transit with the completion of the Nord Stream 2 pipeline, while also seeing some liquidity move from the Dutch TTF hub to Germany’s Gaspool, analysts told Montel.
Crude
07-11-2019

Brazil Oil Auction Flops as Most Foreign Players Stay Away
Brazil’s largest-ever auction of oil deposits flopped, after state-controlled Petroleo Brasileiro SA scooped up two of the blocks while the remaining two went unsold and majors like Exxon Mobil Corp. decided not to bid. The real tumbled.
Oil & Gas Trade
06-11-2019

Serbia and Russia Agree on Expanding Volumes of Underground Gas Storage Facilities
Serbia has reached an agreement with Russia on expanding the volume of underground gas storage facilities from 750 million to abour 2 billion cubic meters, Serbian President Aleksandar Vucic told RTS TV channel.
Oil and Gas Equipment
06-11-2019

How Nigeria can Curb Oil Revenue Losses
To curb oil theft challenges, there is a need for closer community engagement among critical stakeholders if the nation will effectively realise its revenue targets for the year, operators in the downstream sector have said.
Oil&Gas Drilling
06-11-2019

UAE Announces New Oil And Gas Reserves in Abu Dhabi
The Supreme Petroleum Council (SPC), the highest energy decision-making authority of the United Arab Emirates, announced on Monday major increases in Abu Dhabi oil and gas reserves.
Crude
05-11-2019

Brazil doesn't yet Know How Much Oil has been Spilled on the Atlantic Ocean
The oil, which began washing up along Brazil’s coast in August, has hit over 300 beaches in nine states of Northeast, many of them popular tourist spots.
Oil&Gas Drilling
04-11-2019

UK Government Will Halt Controversial Fracking Because of Earthquake Fears
The announcement comes after a report by the Oil and Gas Authority (OGA) found it is not currently possible to accurately predict the probability or magnitude of earthquakes linked to fracking operations.
LNG
04-11-2019

Senegal Enters The LNG Race with Significant Offshore Discoveries
At present when it comes to emerging liquefied natural gas (LNG) plays the eyes of the world are on Africa’s eastern coast and the activities around Mozambique, but that could be about to change.
Crude
02-11-2019

Russia: US Smuggling Syrian Oil Worth $30 million a Month
Russia has slammed President Donald Trump's plan to deploy troops into Syrian oil fields as “criminal activity,” accusing the US of seeking to smuggle out oil worth over “$30 million" per month.
Oil Price
02-11-2019

Oil Price can Never Get to above $100 per Barrel in Our Lifetime
Speaking as a guest lecturer at the first convocation ceremony of Edo University, Iyamho, Edo State, Emefiele said, “oil price can never get to above $100 per barrel in our lifetime.
Oil&Gas Drilling
02-11-2019

Russia’s Oil Output Still Exceeds OPEC+ Cap Even as Gap Narrows
Russia’s average daily oil production remained above its OPEC+ target in October, though the compliance gap is the narrowest since the Druzhba crude-contamination crisis earlier this year.

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