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Oil
South Africa
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…
Crude Oil
Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
LNG
TMS Cardiff Gas LNG Tanker Collides with Car Carrier off Belgium
A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping's car carrier offshore Belgium's Oostende.
Nigeria
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
LNG
India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot…
China Energy
CNOOC Announces Significant South China Sea Discovery
China National Offshore Oil Corporation announced a major discovery in Huizhou 26-6 in the east of the South China Sea.
Crude Oil
How the Fed Bailed Out U.S. Oil And Gas
he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.
Oil Price
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Oil & Gas Trade
Milestone for Neptune in Algeria
Neptune Energy today announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz.
China Energy
China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil and Gas Equipment
Total Starts Up 2nd FPSO Off Brazil
Total and its partners announce the start-up of the Floating Production Storage and Offloading P-70 of the Iara cluster, located in the deepwater Santos Basin p…
Thermal Plant
'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil
‘Azerbaijan' thermal power station is the only power station in Azerbaijan that can operate on fuel oil.
Crude Oil
Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.
Market Analysis
Egypt Gas Production at 23-Month Low
Egyptian gas production fell sharply in March from a year earlier, and was the lowest since April 2018.
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