Petrol

Oil Price

Oil Prices Drop After Saudi-UAE Reach Output Compromise

The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…

Oil Price

Oil Falls Slightly Despite Crude Draw

The American Petroleum Institute on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 202…

Oil&Gas Drilling

U.S. Drilling Approvals Increase Despite Biden Climate Pledge

The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year

CCS

Sinopec Launches China's First Megaton CCUS Project

China Petroleum & Chemical Corporation announced on July 5 that it will start the construction of China's first megaton carbon capture, utilization and storage …

Nigeria

The Petroleum Industry Bill and the Quest for a New Nigeria

LAST week, Thursday July 1, the Senate finally passed the long-awaited Petroleum Industry Bill, PIB.

Crude Oil

PetroVietnam & Kuwait Petroleum International Sign Agreement

Kuwait Petroleum International and PetroVietnam signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.

Oil Pipeline

19 U.S. Oil & Gas Pipelines Moving To Completion This Year

U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year

Oil Field

PetroRio Gets Frade Field Development Plan Approval

Brazil’s National Petroleum, Gas, and Biofuels Agency has approved PetroRio’s revised development plan of the Frade field offshore Brazil.

Geothermal Power Plant

Petrolern LLC Announces a Partnership for Geothermal Energy Exploration and Development With Tesseral Technologies Inc.

Technology Integration for Higher Resolution Characterization and Monitoring of Geothermal Systems

Hydrogen Project

Petroleum Refineries should Lead the Green Hydrogen Story

In the lead-up to the COP26 summit in Glasgow later this year, Green Hydrogen has started witnessing an extraordinary spike in interest amongst governments, int…

Electric Car

New Zealand Told to have EV Policy by Mid-2022

Petrol and diesel cars accounted for around 11mn t of carbon dioxide equivalent (CO2e), or about 14pc of New Zealand's total greenhouse gas emissions, in 2019.

Oil & Gas Trade

Nigeria Inks Massive Oil Deal With Supermajors

Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater…

Oil & Gas Supply

SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries

Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine …

Natural Gas

Sinopec finds abundant flows in Xinjiang oil, gas wells

Recently, China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at the Shunbei-42X well and the Shunbei-41X wel…

Gas power plant

Millennium Proposes $15 B LNG-to-Power Project in Vietnam

Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province.