Gas

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.

Crude Oil

Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'

State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.

Solar Company

Australia’s Rooftop PV Juggernaut Displaces Fossil Fuel Generators

The unstoppable growth of Australia’s rooftop PV fleet continues to eat into the pie previously reserved for coal and gas, a new audit of the National Electric…

Crude Oil

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…

Market Analysis

Global Oil Demand Could Take Years To Recover

Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…

Oil & Gas Trade

Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production

Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas.

Invited for Construction of Old Phase Power Supply Line

Tender are Invited for Construction of Old Phase Power Supply Line and Development and Construction of Two Stations for Reducing the Gas Pressure of the Old Pha…

Crude Oil

USA's Purchase on Sweet Crude Oil will Not Follow Original Plan

US Energy Department says it will buy up to 1 mln bbls of sweet crude oil for strategic reserve from small to midsize domestic producers.

Oil & Gas Trade

OPEC Says Nigeria's Oil Output Dropped Last Month

The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…

Oil&Gas Drilling

Australia is in the Process of Developing Dorado Field

Australia's Santos is pushing forward with its Dorado field development. The competitive process for the supply of the FPSO has started and a shortlist of contr…

Oil & Gas Trade

OPEC Expects Global Oil Demand Hits Biggest Downfall

The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…

LNG

Asian LNG Prices Spike 20% As Demand Returns

This week, the uptick in demand and the lower supply have sent LNG prices jumping.

Oil & Gas Trade

Justin Trudeau Wants Canadian Oil Producers to Set Climate Targets

The comments come as Japan's biggest bank by assets said it would restrict transactions involving oil sands, while Norway's $1 trillion wealth fund blacklisted …

Oil & Gas Trade

India Oil & Gas Industry Might Need More Time to Recover

Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.