Gas

Market Analysis

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips COP.N sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the en…

Oil & Gas Trade

Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint

The Islamic Revolution Guards Corps of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of …

Oil&Gas Drilling

KrisEnergy Gets Funding to Bring Cambodia Offshore Project Online

KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.

United States

California to Ban Sale of Gasoline-Powered Cars by 2035

California Governor Gavin Newsom on Wednesday ordered all passenger vehicles sold in the state to be zero-emission by 2035 to fight climate change and smog-foul…

China

China's First Domestic-Support Deepwater Oilfield Cluster Begins Production

​China's first domestic-support deepwater oil and gas project, Liuhua 16-2 offshore oil fields cluster, has started operation after 30 months of construction. …

Crude Oil

EIA Sees Global Oil Market Balancing By End-2021

The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of…

Tanzania

Tanzania’s Petroleum Products Market Sees Sizeable Annual Expansion

The liquefied petroleum gas market registered double-digit growth last year as companies and the sector's regulator foster public awareness campaigns on the ben…

Oil&Gas Drilling

Neptune Makes First Step in Offshore Execution of North Sea project

According to information on Neptune’s website, first oil from the project is expected in 2022.

Austria

Austrian Utility OMV Sells Gas Pipeline Unit to Verbund

Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and …

Clean Energy Transition

UK Urged to Unveil New Grid Target for Complete Hydrogen Revolution

The UK government must introduce a new hydrogen target for Britain’s gas grids to start turning the country’s zero-carbon hydrogen ambitions into a reality, s…

LNG

Russia's Arctic LNG Project Receives US$9.5 Billion in Financing

International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.

Crude Oil

Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update

Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months …

Oil&Gas Drilling

Stena Drilling Lands Drillship Deal with Repsol in Mexico

Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.

Crude Oil

China Amends Customs Supervision on Crude Oil Imports to Improve Efficiency

Chinese customs said on Tuesday it will amend the way it supervises crude oil imports as part of a broader effort to boost efficiency.

Oil & Gas Trade

India's August Crude Imports Continue Slide as Economy Stalls

India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.