Gas

Oil Pipeline

Video Shows Fire in Gulf of Mexico After Gas Pipeline Rupture

Mexico's state-owned oil company said Friday it suffered a rupture in an undersea gas pipeline in the Gulf of Mexico, sending flames boiling to the surface in t…

LNG

Global LNG Deliveries Rise in June

Worldwide LNG receipts increased compared with a year earlier for a fourth consecutive month in June but dropped from May and were at their lowest since October…

Oil Pipeline

Environmentalists Slam Mexico After Underwater Oil Rig Fireball in Gulf

Mexico’s state-owned oil company said Friday that an undersea gas pipeline ruptured near a drilling platform in the Gulf.

Oil Price

Oil Prices in S. Korea Hit 33-Month High

Retail oil prices in South Korea rose for the ninth consecutive week to reach the highest level in nearly three years amid a global oil rally.

Oil Exploration

Erdogan: Turkey will Continue Oil Exploration in Disputed Eastern Mediterranean

Turkey's president may be upping the ante against Greece, Cyprus and the European Union.

Crude Oil

OPEC Discussing Deal to Raise Oil Production by 2 million b/d by December: Sources

OPEC and its allies appear in striking distance of a deal on production quotas, discussing proposals that call for an output increase of about 2 million b/d fro…

Crude Oil

Aussie Onshore Explorer Starts Significant Onshore Oil Hunt

JV between Buru and Origin start the first of two large oil prospects in Canning basin

Oil Field

Equinor Brings Pioneering Martin Linge Oil and Gas Field Online

On June 30th, Equinor’s Martin Linge oil and gas field in the North Sea came on stream. The field is powered from shore, resulting in low CO2 emissions, and op…

Crude Oil

S.Korea’s June Crude Oil Imports up 5.9% y/y – Preliminary Data

South Korea’s June crude oil imports rose 5.9% to 79.0 million barrels from a year earlier, preliminary data from the Ministry of Trade

Crude Oil

Iraq's Crude Oil Exports Exceed 86 mln Barrels in June

Iraq's Ministry of Oil said on Thursday that the country exported 86.76 million barrels of crude oil in June, bringing in revenues of about 6.14 billion U.S. do…

Crude Oil

PetroVietnam & Kuwait Petroleum International Sign Agreement

Kuwait Petroleum International and PetroVietnam signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.

S. Sudan: Petronas may not Participate in First Oil Licensing Round

Malaysian oil giants, Petronas announced on Thursday that the company does not intend to participate in South Sudan’s first oil licensing round.

Oil Price

Oil Surges As Traders Await OPEC+ Decision on Easing Production Cuts

Its allies on further easing production curbs in response to growing demand as the global economy gathers momentum.

Hydrogen Project

U.S. Natgas Companies put Hydrogen to the Test

But governments need legislation and regulation to encourage energy companies to spend billions in order to reduce production costs for green hydrogen, analysts…

Oil Refinery

U.S. Refining Capacity Shrinks by 4.5% in 2020

The US refining capacity fell 4.5% to 18.13 million barrels per day from a record of 18.98 million barrels per day a year ago.