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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Solar Power Plant
06-08-2019

Shell Considers Solar Panels to Power Singapore Refinery Site
Royal Dutch Shell (RDSa.L) is considering to install solar panels to power its Bukom refining site in Singapore, a company spokeswoman on Tuesday.
Oil & Gas Trade
06-08-2019

EVs on Course to Replace 40 Per cent of Demand for Oil in Next 25 Years
The paper argues these shifting economics mean it will soon make little financial sense to produce oil for petrol and diesel cars in the coming decades, when EVs powered by renewables offer a far cheaper, cleaner, and more efficient alternative.
LNG
06-08-2019

Mozambique Will Construct A $25-bn LNG Project Offshore To Rebirth Economy
Mozambique on Monday started constructing a multi-billion-dollar liquefied natural gas project offshore, operated by the US energy giant Anadarko on the country's remote northern coast.
Oil & Gas Trade
06-08-2019

Australia is Eyeing off the United States' Tightly Guarded Fuel Reserve
"The Government is in the early stages of very constructive discussions with the United States about the potential to access their strategic petroleum reserve, which would greatly boost our own stocks and also the flexibility of supply," she said.
Oil & Gas Trade
05-08-2019

Crude Oil Futures were Lower During Mid-Morning Trade in Asia
Crude oil futures were lower during mid-morning trade in Asia Monday as markets remained concerned on the impact of the ongoing trade tensions between the US and China.
Oil & Gas Trade
04-08-2019

Iran Said Seized A Foreign Oil Tanker in the Persian Gulf
Iran said Sunday it has seized a foreign oil tanker in the Persian Gulf for allegedly smuggling fuel, according to the official IRNA news agency.
Oil & Gas Trade
03-08-2019

Saudi Arabia Is Exporting Ever-Larger Portion Crude to China -- With the U.S. Losing Out
Saudi Arabia’s observed exports to China soared to 1.74 million barrels a day in July, the highest since Bloomberg began tracking the tanker shipments in January 2017.
Oil & Gas Trade
02-08-2019

Oil Prices Nosedive 8% on Trump Tariff Threat
Trump's vow to impose a 10% tariff on another $300 billion of US imports from China is worrying investors that a severe economic slowdown could eat into demand for oil and other commodities.
Oil & Gas Trade
02-08-2019

Oil Slumps 7% As Trump Annouces Additional Tariffs on Chinese Imports
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.
Oil & Gas Trade
02-08-2019

Decision to Sanction Iranian FM is Latest Blow by President Donald Trump
Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tensions between two foes at loggerheads over Gulf shipping and Iran's nuclear programme.
Oil & Gas Trade
01-08-2019

Due to US Sanctions of Iran Export Oil, Turkey's Energy Security will be Crucial
Turkey is aiming to become a $1 trillion economy by 2023. If the story of the country’s economic development is to continue, its energy security will be crucial.
Oil & Gas Trade
31-07-2019

BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz
BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding sending ships to the region after tensions flared between Teheran and London.
Oil & Gas Trade
30-07-2019

Diesel Fuel Spill Occurs Offshore Chile
Chile is investigating a 40,000-liter diesel oil spill on an island on the far southern coast of Chilean Patagonia, the navy said on Saturday.
Shale Gas
30-07-2019

Labour Leader Jeremy Corbyn Calls on the Government to Ban Fracking 'once and for all'
If the UK exploits all its domestic reserves of shale gas the country will have no chance of meeting its 2050 net zero emissions goal, the Labour Party has warned this evening.
Oil & Gas Trade
30-07-2019

Crude Oil Futures Were Higher During Mid-Morning Trade in Asia
Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were looking ahead for comments from the resumption of trade talks between the US and China.
Oil and Gas Equipment
30-07-2019

China's CNOOC Aims to Take a Stake in Ugandan Oil Pipeline
Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday.
Oil & Gas Trade
30-07-2019

US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market
In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oil prices.
Oil & Gas Trade
29-07-2019

Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal
Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the deal and a deputy foreign minister, said on Sunday, according to the ISNA news agency.
Oil & Gas Trade
29-07-2019

China’s Customs Authorities Show Iranian Oil Imports Declined Further in June
The latest figures issued by China’s customs authorities show Iranian oil imports declined further in June reaching a low of 208,205 barrels per day, down 60 percent from June 2018.
Oil&Gas Drilling
29-07-2019

Is the United States Really Energy Independent?
Like Iran, we have a refinery problem. Is the United States really energy independent? Is Iran? As the two nations inch toward confrontation, the complexity of those questions is worth considering.
Oil&Gas Drilling
29-07-2019

Natural Gas Flares are Still Wasteful and Environmentally Harmful
When companies drill for oil, the process can also release natural gas (primarily composed of methane) as a byproduct, called associated gas. For safety reasons and to release pressure in the system, the associated gas needs to be removed.
Shale Gas
27-07-2019

Harmful Air Emissions Could Increase From Shale Gas Production
Harmful air emissions could increase from shale gas production through fracking in Europe, despite natural gas releasing fewer pollutants than other fossil fuels, according to a new study.
Oil&Gas Drilling
27-07-2019

Oneok to Boost Bakken Gas Processing Plant's Capacity by 200 MMcf/d
In order for the Bakken Shale to continue growing oil production, natural gas capture and processing capacity must catch up to the increasing volumes of the associated product.
Oil & Gas Trade
26-07-2019

Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some alternative to the narrow Strait of Hormuz between Iran and the UAE and Oman in the Persian Gulf.
Oil & Gas Trade
26-07-2019

Excess Output and Slowing Domestic Demand Forces China to Export Petrol Cargoes
A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol exports in July and August to near record levels.

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