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Oil

Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil & Gas Trade
PGNiG to Supply LNG to LG Electronics in Poland
Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.
Oil Price
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Crude Oil
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Africa Energy
Libya's Oil Company Says Largest Oil Field Shut Down Again
The country's largest oil field to halt work just hours after it restarted operations.
Oil & Gas Trade
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…
China Energy
The First Large Oilfield of 100 Million Tons was Discovered in the Northern Area of Laizhou Bay, China
"The first large oilfield of 100 million tons was discovered in the northern area of the Laizhou Bay in China's Bohai Sea!" This Kenli 6-1 oilfield has proven o…
Crude Oil
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Oil Field
Massive Fire at Assam's Baghjan Oil Well
A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.
Gas Turbine
General Electric Gets New Order from Japanese Power Producer JFE
General Electric has secured a new order from Japanese power producer JFE Steel for upgrading a gas turbine at Chiba Power Plant.
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
LNG
Avenir LNG Carrier Nearing Completion
Singapore's Offshore Technology Development has recently completed the installation of a ballast water treatment system on Avenir LNG's small-scale vessel.
Africa Energy
Sharara Reopens in Libya
As the Government of National Accord makes gains in its military struggle with the Libyan National Army, the Sharara oilfield has restarted production.
Trice Resigns as Hurricane Energy Chief Executive
Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.
Venezuela's New Gasoline System Fails to End Epic Lines
Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend.

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