Gas

Oil Field

Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico

PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’…

Crude Oil

Oil Prices Climb as U.S. Reports Rapidly Declining Crude Stockpiles

Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season.

Oil Price

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s…

Solar Power Plant

63 MW Solar Project Completed in Philippines as part of 5 GW Renewables Plan

A 63 MWp solar project has been completed in the Philippines by Modern Energy Management for AC Energy. The Gigasol project is part of the latter’s plan to rol…

Oil Refinery

First Overhaul After the Modernization of the Shymkent Refinery is Completed

Shymkent Refinery is the Pearl of China-Kazakhstan Energy Cooperation Project

LNG

CNOOC and Petronas Signed a 10-year LNG Supply Agreement

The transaction is valued at approximately US$7 billion.

LNG Carrier

The Suez Canal Blockage: Impact on the LNG Shipping Marke

The first half of 2021 witnessed an impressive volatility of the LNG shipping market.

Hydrogen Project

Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe

Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen eco…

OPEC

Opec+ Might not Meet Until August: Saudi Oil Minister

Saudi Arabia's oil minister Abdulaziz bin Salman has conceded the Opec+ coalition's next meeting could take place no sooner than August, as an ongoing clash wit…

Oil Field

POSCO International to Develop Gas Field in Indonesia

POSCO International will push for the development of a large-scale oil and gas field in Indonesia following Myanmar.

Oil Pipeline

Oil Pipeline Explosion Kills 3 In Iran

Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people and inj…

United States

US Oil Prices Soar To 6-Year High In OPEC Standoff

The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach a…

Crude Oil

Oil and Dollars: Why the UAE is Risking a Falling-out with OPEC+

The UAE agreed with the other 22 OPEC+ members that monthly output cuts should be eased by 400,000 barrels a day from August, but said the extension should be t…

19TH INTERNATIONAL CONFERENCE ON RENEWABLE MOBILITY

the Bundesverband Bioenergie e.V., the Union zur Förderung von Oel- und Proteinpflanzen e.V., the Bundesverband der deutschen Bioethanolwirtschaft e.V., the Fa…

Mexico

Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire

Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared th…