Gas

Oil Price

India May Join China In Bid To Lower Oil Prices

The world’s third-largest crude oil importer, India, could join China in tapping into its strategic petroleum reserve in a bid to sell lower-priced crude to it…

Crude Oil

Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions

Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.

Oil & Gas Trade

UK Gas Exports to EU to Stay Low

UK gas flows to the EU could stay minimal in August-September, as almost all surplus gas could be added to mid-range storage.

Hydrogen Project

Energy Giants Plan First Offshore Hydrogen Park in German North Sea

RWE, Shell, Gasunie and Equinor have signed a declaration of intent to further their collaboration on the AquaSector project, a large-scale German offshore hydr…

Oil Field

Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project

Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ord…

Crude Oil

China To Build Airport, Houses Under Oil-For-Projects Deal In Iraq

Chinese firms are set to build an airport and 90,000 houses in Iraq as part of a 2019 agreement for crude supply in exchange for projects, an Iraqi official was…

LNG

China's Guangdong Starts Building $1 bln Huizhou Gas Terminal

ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, includ…

Hydrogen Production

RWE, Shell, Gasunie and Equinor Sign LOI for Offshore Hydrogen Project

The project partners RWE, Shell, Gasunie and Equinor have signed a letter of intent to strengthen the companies’ co-operation in the AquaSector project.

Oil Field

Video: Germany, US Strike Nord Stream 2 Compromise Deal

The US and Germany have struck a compromise over the controversial Nord Stream 2 gas pipeline, according to a joint statement.

Crude Oil

Pakistan: Crude Oil Imports Surge 317pc in May

Imports of crude oil increased by a whopping 317 per cent in May which translated into higher than expected production of petroleum products by local refineries…

Cyprus

Cyprus, Lebanon Sign MoU on Oil, Gas Cooperation

Cyprus and Lebanon signed a memorandum of understanding here on Friday on cooperation in the energy sector.

OPEC

Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End

It is not geopolitical relationship that will cause the two countries to part, but diverging perceptions of energy transition.

Crude Oil

VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production

Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production.

Oil & Gas Trade

Israel Freezes UAE Oil Deal Over Environmental Concerns

The environmental protection ministry says the risk assessment ‘did not meet the conditions’ stipulated by the ministry.

Oil & Gas Trade

Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal

Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest p…