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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
11-06-2019
Shell Ships First LNG from World’s Largest Offshore Facility Prelude
The Prelude floating liquefied natural gas vessel lies nearly 300 miles off Western Australia, stretching out the length of four football fields end to end.
05-06-2019
Nonstop Records for U.S. Natural-Gas-Based Electricity
As the hot months linger, it will be natural gas that is leaned on most to supply the electricity that we need to run our air conditioners and keep us cool.
23-05-2019
Oil Prices Are Falling Because Fears of a Glut in Supplies Are Growing
Oil prices dropped on Wednesday after the U.S. Energy Information Administration released data that showed oil supplies have been building.
23-05-2019
Russia: Clean Crude Oil To Reach Slovakia, Hungary Within Week
Russia also continues negotiations with Poland in view of restarting the crude oil flow via the pipeline to the Adamova Zastava station, Russian media quoted the country’s energy ministry as saying in a statement.
22-05-2019
One Country That Could Win Big From The U.S., China Trade War
Australia is poised to fill the gap for China, with its booming LNG sector well positioned. Last year, China imported 23 million tons of LNG from Australia, which made up about 42 percent of Australia’s exports. That figure could be increasing.
19-04-2019
EU And Britain Condemn US Oil And Nuclear Sanctions On Iran
The United States' allies in Europe have criticised its recent decisions to restrict oil trade with Iran and to limit the extension of waivers.
03-04-2019
Nigeria: NNPC & MOMAN Strengthen Alliance
The Nigerian National Petroleum Corporation (NNPC), in order to ensure smooth supply of fuel products across the country, has reinforced its partnership with fuel marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN).
03-04-2019
Myanmar: SPC Rolls Out First Fuel Service Station
Singapore Petroleum Company (SPC) has collaborated with Shwe Taung Group’s Shwe Taung Energy which operates fuel and diesel distribution centers across the country, marking SPC’s first entry into the retail energy business in Myanmar.
01-04-2019
Occidental Inks $8.8 Billion Deal to Sell Anadarko's African Oil and Gas Assets to Total
Occidental is competing with Chevron, a much larger rival, to take over Anadarko. Occidental would sell Anadarko’s assets in Algeria, Ghana, Mozambique and South Africa to Total.
01-04-2019
Trump Issues Updated Presidential Permit for Keystone XL Pipeline
The move was seen as an attempt to jump-start the project’s construction after a federal judge in Montana blocked it in November and ordered further environmental reviews .
01-04-2019
Johan Sverdrup Offshore Installation Completed On Schedule
During phase 1, Johan Sverdrup will produce 440 Mbopd when plateau production is reached, increasing to 660 Mbopd after phase 2 commences in the fourth quarter 2022.
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