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Gas
Oil Field
Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields
Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the developme…
Oil Field
ConocoPhillips Makes ‘Significant’ Oil Discovery off Norway
Oil major ConocoPhillips has made what it says is a significant oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeas…
Crude Oil
India's Crude Oil Production Slips 5 pc in November
Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
Oil & Gas Supply
Turkmenistan's Lebap Region Overfulfills Its Natural Gas Production Plan
Lebap’s natural gas extraction industry began in the 1960s.
Oil Price
Oil Tumbles As New Virus Strain Revives Demand Fears
Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…
Crude Oil
OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing
OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, citing the leaders of the group, Saudi Arabia and Russ…
Natural Gas
PetroChina Strikes Big Gas Find in China Xinjiang's Junggar Basin
This marks another breakthrough in the state oil firm's natural gas development in the region, following a similar-sized discovery at Tarim basin in September l…
Oil & Gas Trade
China Issues 122.59 mln T in 1st Round of Oil Import Quotas
Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Crude Oil
China's Top Refiner Sees Oil Product Demand Peak By 2025
China's largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, citing Sinope…
Oil & Gas Trade
Pakistan Arranges 12 LNG Cargoes for January
In order to meet the energy demand of the country, the government has arranged 12 LNG cargoes for January 2021, informed the Petroleum Division on Saturday.
Oil & Gas Supply
US Backs EastMed Pipeline to Supply Gas to Europe
“We are going to continue to work with Israel, Greece and other interested parties to ensure that the infrastructure will be developed,” US Secretary of Energ…
Natural Gas
Asia’s Deepest Gas Project Starts Production
First in trio of deepwater gas projects in partnership with Reliance that are expected to help meet India’s rapidly expanding energy needs.
Crude Oil
ONGC Opens Eighth Hydrocarbon Producing Basin of India
State-owned Oil and Natural Gas Corporation on Sunday opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin…
Crude Oil
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Biofuel
Bunker Biofuel Pilot Projects Launch in Asia
The marine industry has shifted its attention to accommodating the International Maritime Organisation's greenhouse gas strategy, after having to adjust to the …
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