Gas

Crude Oil

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd

U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…

Oil & Gas Trade

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals

Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.

Wartsila Working on 100% Hydrogen-Powered Engines

Finnish technology group Wartsila Corp wants its gas engines to be able to run on 100% hydrogen fuel as part of a plan to future-proof its technology.

Oil Shale

Shell Sells Appalachia Shale Gas Assets to National Fuel

The consideration is intended to be paid in cash, but National Fuel has the option to provide up to US$150 million of NFG common stock as consideration.

Oil & Gas Trade

Why Russia Finally Accepted Deeper Oil Output Cuts

When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …

Crude Oil

Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa

The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specia…

Oil&Gas Drilling

Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years

The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-coun…

Oil & Gas Trade

Saudi Arabia's Oil Exports to Drop in May as Demand Slides

Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.

Crude Oil

Numaligarh Refinery to Import 21TMT of Crude Oil from Petronas Malaysia

NRL will take advantage of the collapse in oil prices to import 21 tonnes of crude from petronas.

Oil Price

Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns

Oil prices fell Wednesday, ending a multi-day rally.

Oil Price

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

​Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…

Oil & Gas Trade

Venezuela Oil Exports Climb As OPEC Agreement Kicks In

​While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…

Crude Oil

Saudi Must Reduce Expenditures to Ease COVID-19 Economic Impact: Minister

​Saudi Arabia "must reduce expenditures" to mitigate the economic impact of the COVID-19 pandemic, Finance Minister Mohammed al-Jadaan said.

CCGT

Vietnam Adds 2.7-3GW Gas-Fired Projects to National Planning

​Their first phases are set to be commissioned in 2025-26.

Oil Shale

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

​Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …