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Oil
Oil&Gas Drilling
Norway Offers 36 Oil Exploration Blocks in Already Opened Areas
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.
Oil Field
Triangle Shuts in Production from Two Cliff Head Wells
Australia-based oil producer Triangle Energy has shut-in production from two wells on its Cliff Head oil field located offshore Australia.
Wintershall Noordzee Starts Gas Production from Second Sillimanite Well
Wintershall Noordzee, a joint venture of Wintershall Dea and Gazprom, has started gas production from its second B2 production well at the Sillimanite field off…
Crude Oil
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Crude Oil
U.S. Oil Dominance is Coming to an End
The U.S. tight oil or shale rig count has fallen 69% this year from 539 in mid-March to 165 last week.
Oil & Gas Trade
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…
Oil & Gas Trade
OPEC to Host Technical Workshop for 60th Anniversary
The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary…
Oil&Gas Drilling
Equinor Approved to Use Transocean Norge for Exploration Drilling in the Norwegian Sea
The Norwegian oil safety authority has agreed to allow Equinor to use TransoceanNorge to plug and drill the 6407/1-a-3bh /CH well.
Africa Energy
Nigeria Plans to Tender 57 Marginal Oil Fields
The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oi…
LNG
BC LNG Alliance Goes National with New Name: Canadian LNG Alliance
The BC LNG Alliance recently announced it is now the Canadian LNG Alliance.
Market Analysis
Magellan Sees 3Q Gasoline Demand Recovery
Fuel demand in Magellan's Midstream Partners' more rural central US markets has recovered faster than more urban regions, chief executive Mike Mears said today.
Crude Oil
Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm
Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate ann…
Oil & Gas Trade
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…
Crude Oil
China at Record Pace on Storage, Propping Up Oil Prices
China has been replenishing its oil reserves at a record pace.
Crude Oil
Venezuela's Oil Exports have Plunged
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…
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