Gas

Oil Exploration

Exxon Quits Deepwater Oil Project In Ghana

Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results.

Crude Oil

Nigeria’s Oil Revenues Slump 98% In April

Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.

Crude Oil

i3 Energy to Acquire Additional Stake in South Simonette Oil Property

i3 Energy is set to acquire an additional 49.5% interest in the South Simonette oil property in Lower Montney, Canada, from Anegada Oil.

Oil Price

New Iran Nuclear Deal May Completely Derail Oil Price Rally

The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector…

LNG

KOGAS to Produce Liquefied Hydrogen Utilizing Wasted LNG Cold Energy

Korea Gas Corp. will begin production and supply of liquefied hydrogen by recycling liquid natural gas cold energy in earnest.

OPEC

OPEC Projects Tight Oil Markets in Advance of June Crude Output Talks

A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.

Crude Oil

Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd

Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…

Oil Price

Oil Prices Stay Firm As Demand to Outstrip Supply in H2

Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to…

Oil Refinery

Mexican National Oil Company to Run USA Refinery

Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States.

Oil Refinery

Oil Refiners to Begin Olefin Business in 2nd Half of 2021

GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.

Oil Price

US Pump Prices Become Pressure Point for Biden

Rising gasoline prices heading into the summer are emerging as a political liability for President Joe Biden, as critics try to direct voter frustration about p…

LNG

France’s Total Inks 5-year LNG Supply Agreement with AMNS in India

France’s Total and ArcelorMittal Nippon Steel have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas per year until 2026.

Oil Refinery

South Africa: Engen To Convert Durban Refinery to Terminal

As expected, Engen announced that it will be progressing plans to convert its 120,000 bbl/d refinery in Durban, South Africa into a terminal, as the refinery is…

Hydrogen Technology

Researchers Develop New Technology that Generates Hydrogen from Natural Gas

The Pacific Northwest National Laboratory has revealed a new technology that generates hydrogen from conventional natural gas, or renewable natural gas made fro…

Solar Power Plant

Russian Oil Firm Energises 20MW Solar Plant Featuring Hevel Heterojunction Modules

Oil and gas company Lukoil has commissioned a 20MW PV plant that features heterojunction modules from Hevel and has been constructed at a refinery in Russia’s …