Gas

LNG
Daewoo E&C Won a Liquefied Natural Gas Plant in Nigeria
The company will build a plant that can produce 8 million tons of LNG and additional facilities.
Oil Shale
U.S. Shale Could Crush the Oil Market Recovery
As the two petro-nations duked it out, the global oil glut ballooned to a massive oversupply and oil storage deficiency that persists today.
Oil Shale
Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy
Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday.
Gas Turbine
Siemens Powerhouse Gas Turbine Travels to the UK for Testing
The largest, most powerful, and most efficient heavy-duty gas turbine that Siemens has produced to date was loaded onto an inland cargo ship today in Berlin
Oil & Gas Trade
Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market
An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.
Oil & Gas Trade
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Oil & Gas Trade
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…
Oil & Gas Trade
OPEC+ Responds to Oil Market Collapse with Surprise Urgency
The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output, roughly 10% of global supplies.
Oil & Gas Trade
US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week
The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…
Oil Shale
U.S. Shale Needs To Slow Down To Survive
Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…
Crude Oil
China Crude Oil Runs Rebound in April as Fuel Demand Picks Up
The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…
Crude Oil
Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis
Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…
New Gas Master Plan to Boost Africa's First Offshore Gas Mega Hub
The offshore gas mega-hub will be the first such venture capital hub off the coast of Africa.
Oil Field
Somalia Readies for First Bid Round of Oil Fields
Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.
Oil Field
ONGC Awards 49 Marginal Fields to 7 Companies Amid Corona Crisis
India's oil and gas corporation awarded 49 marginal producing oil and gas fields to seven companies late on Thursday.

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Gas

Daewoo E&C Won a Liquefied Natural Gas Plant in Nigeria

U.S. Shale Could Crush the Oil Market Recovery

Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy

Siemens Powerhouse Gas Turbine Travels to the UK for Testing

Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market

Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand

Saudi Loss of China Oil Market Share Likely Brief

OPEC+ Responds to Oil Market Collapse with Surprise Urgency

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

U.S. Shale Needs To Slow Down To Survive

China Crude Oil Runs Rebound in April as Fuel Demand Picks Up

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

New Gas Master Plan to Boost Africa's First Offshore Gas Mega Hub

Somalia Readies for First Bid Round of Oil Fields

ONGC Awards 49 Marginal Fields to 7 Companies Amid Corona Crisis