Gas

Oil Shale

U.S. Shale Production To Drop By Record Amount In April

The EIA expects U.S. shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, acco…

Crude Oil

Opec+ Plans to Cut Output by 20mn bpd: Trump

Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Mond…

Combined cycle power plant

Shanghai Electric’s 225MW CCPP Begins Operations in Bangladesh

Shanghai Electric Group’s first combined-cycle power plant (CCPP) in Bangladesh has entered into the commercial operations.

Oil&Gas Drilling

OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.

Oil Price

Non-Opec Members Will Also Need to Cut Output to Balance Oil Price

Not just production cut upfront, they have also decided to cut production all the way to April 2022.

Expansion Of Power Station At Tallawarra In New South Wales

Tallawarra Power Station is located near Shellharbour Airport. During the early consultation phase of the project, concerns were raised by the airport users tha…

CCGT

Economics Shift Further Towards Gas Generation in Europe

Demand destruction due to lockdowns has shifted the relative economics of Europe's fossil power generators towards gas.

Crude Oil

Mexico to Cut Oil Output by 100,000 Bpd from May: Officials

Mexico will reduce its oil output by 100,000 barrels per day (bpd) from May after top oil producers collectively agreed to cut production by 9.7 million barrels…

Oil&Gas Drilling

LUKOIL Moves to Next Stage of North Caspian Field Development

​Russian oil major LUKOIL said on April 10 the company has moved on to the next stage of facilities construction for the Valery Grayfer field being the launch …

Oil Price

G-20, OPEC Working to Rebalance Oil Market

​Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.

Oil Price

India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World

​Amid high volatility in international markets, India, world's third largest oil consumer, on Friday pitched for a stable oil market that provides reasonable p…

Oil & Gas Trade

Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia

Mexico's annual spending on its hedge with Wall Street banks is shown in the chart below.

Oil Shale

Coronacrisis Is Killing Argentina’s Shale Oil Boom

Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices.

Oil & Gas Trade

Trump Confirms U.S. Will Help Mexico Out With Production Cuts

U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it …

Oil Price

Trump Threatens “Very Substantial” Tariffs On Oil Imports

The crash was the product of the culmination of a series of unfortunate events, beginning with the spread of COVD-19, which all but shut down the Chinese econom…