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Oil
Market Analysis
Oil Industry Braces for more Mideast Turmoil After Soleimani Killing
The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated – direct military…
Oil & Gas Trade
Baltic Pipeline Opens to Ease Natural Gas Dependence on Russia
Stored natural gas has begun flowing to Finland from Latvia through the new Balticconnector pipeline in a bid to ease the region's dependence on Russian gas.
Iran Tension May Push up Fuel Prices, Spook Bid to Boost Economy
Global oil prices spiked 4 per cent on Friday as tensions flared up in the Middle East, setting off worries over an extended spell of market volatility hitting …
Market Analysis
Oil Infrastructure at Risk as Iran Looks to Avenge Soleimani's Death
Energy infrastructure around the Persian Gulf could be among the most tempting targets for Iran in seeking retaliation for the U.S. killing of Gen. Qassem Solei…
Oil & Gas Trade
Russia to Resume Limited Oil Supplies to Belarus Amid Talks
Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening…
Nigeria Final Passage of PIB Expected By Mid 2020, Says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the review of the Petroleum Industry Bill (PIB) is at an advanced stage, while the …
Crude
Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana
Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.
Oil & Gas Trade
Greece, Cyprus and Israel Sign Agreement to Build Gas Pipeline
Greece, Cyprus, and Israel have signed an agreement to construct 1,900-kilometer undersea pipeline to carry natural gas from the eastern Mediterranean to Europe…
Oil&Gas Drilling
China's Top Coal Province to Seek Investors Extracting Gas from Abandoned Mines
Shanxi holds about 2,052 sq km of depleted coal mine zones that could contain an estimated 72.6 billion cubic metres of coal-seam gas.
Oil & Gas Trade
Jordan Gets The First Supplies of Israeli Gas
Under the agreement, the U.S.-Israeli consortium will supply Jordan gas for 15 years from the field in the Mediterranean.
Crude
China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state fi…
Oil & Gas Trade
Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in th…
Oil & Gas Trade
New Dispute Over Oil Could Be Brewing Between Russia and Belarus
Moscow and Minsk have had several oil and gas rows over the past decade in what has been described as love-hate relationship between president Vladimir Putin an…
Oil & Gas Trade
Axxis Geo Solutions finally pens OBN survey deal in the Middle East
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has finally put pen to paper on a long-awaited final contract for a large OBN survey i…
Oil & Gas Trade
Bulgaria Starts Getting Transit-Free Russian Gas Via TurkStream
Bulgaria's Bulgargaz and Russia's Gazprom have agreed for Bulgaria to start receiving Russian gas directly from the TurkStream pipeline rather than through Roma…
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