Oil

Oil Pipeline

Largest US Pipeline Restarts Operations After Hack Shut It Down for Nearly a Week

Announcement comes amid fuel shortages in south-east, with panicked drivers filling up their tanks

OPEC

Video: OPEC Reiterates Global Oil Demand Forecast for 2021

OPEC reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.

Oil Price

Record-High Fuel Prices Add To Concerns About India’s Oil Demand

Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil…

LNG

Qatar Could Offer Chinese Firms Stakes In World’s Largest LNG Project

Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world’s largest LNG project, in what could be a strate…

SINOPEC

China's Sinopec, Great Wall to Develop Hydrogen Energy

China's state-controlled oil firm Sinopec has signed a strategic co-operation framework agreement with domestic automotive manufacturer Great Wall Holdings to d…

Oil Price

Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook

The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a …

Crude Oil

IEA Sees Oil Demand Recovery Outpacing Growth in Supply

OPEC+ producers have been curbing output since 2017 but have eased since imposing record high cuts last year, with more easing agreed from this month

Crude Oil

Sinopec Offers Refineries Sweeteners to Boost Clean Marine Fuel

The top Asian oil refiner is crediting its refineries 150 yuan for every tonne of VLSFO they produce, they said

Hydrogen Project

Canada's Suncor and ATCO to Develop Country's Largest Hydrogen Project in Alberta

Canada's Suncor Energy will partner with utility ATCO Ltd to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant s…

United States

Colonial Pipeline Hack Exposes Lack of Federal Cybersecurity Oversight for U.S. Energy Industry

The temporary shutdown of Colonial's pipeline follows warnings by U.S. officials in recent months of the danger of cyberattacks against privately held infrastru…

Crude Oil

U.S. Main Fuel Pipeline Operator Aims to Restore Operation This Week After Cyber Attack

The operator of a main U.S. fuel pipeline declared on Monday its goal of restoring operational service by the end of the week after all pipeline operations temp…

Oil Field

Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field

Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in …

Oil Field

Fire Erupts at Kuwait's Largest Oil Field; Two Injured

The injured workers were in stable condition and receiving treatment at a nearby hospital.

Geothermal Power Plant

Why Oil Giants Like Chevron and BP are Investing in Geothermal Energy

Miles below the Earth’s surface, there’s a source of renewable energy that could sustain all of humanity for the foreseeable future.

Oil & Gas Trade

Yemen Takes First Batch of Saudi Oil Products at Aden

The first shipment of Saudi oil products exported to Yemen as part of a grant agreed with the internationally recognized government there arrived at the Yemeni …