Petrol

Oil & Gas Trade

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive

Qatar Petroleum’s recently set a new record for the largest LNG export project ever.

Oil Exploration

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup

Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drillin…

LNG

Woodside Signs new LNG Supply Deal with Germany’s RWE

Australian independent Woodside Petroleum has signed a seven-year, 840,000 t/yr sales and purchase agreement to sell LNG to the energy trading unit of German ut…

Oil & Gas Trade

U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA

Throughout much of its history, the United States has imported more petroleum than it has exported.

Crude Oil

India Urges OPEC+ to Ease Production Cuts

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…

Oil&Gas Drilling

Neptune Picks up Permit for North Sea Appraisal Well

The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.

Hydrogen Fuel Stations

AVIA Opens New Hydrogen Station in Switzerland

European petrol station operator AVIA has opened the first hydrogen fulling station in the canton of Zürich, Switzerland.

Electric Car

Siemens and Aral Advance E-Mobility

Aral AG (Aral), a subsidiary of the bp group in Germany, has tasked Siemens Smart Infrastructure with expanding the grid connection at 30 selected petrol statio…

Oil Price

OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices

The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…

Crude Oil

Norway: December Oil Output Rises Above Expectations

Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate.

Oil&Gas Drilling

Egypt Awards Red Sea Oil and Gas Exploration Concession to Mubadala Petroleum

New agreement adds to Mubadala Petroleum's Egypt portfolio that includes Shorouk and Noor exploration concessions

OPEC

Video: How the Global Economy Could Look Without OPEC?

OPEC or the Organisation of the Petroleum Exporting Countries supplies over 40% of the world’s oil and possesses a staggering 80% of total reserves Headquarter…

Net Zero Emission

Total Quits American Petroleum Institute Over Climate Goals

French multinational energy company Total has withdrawn its membership within the American Petroleum Institute.

Crude Oil

Norway Sees Crude Output at 2mn b/d in 2025

Crude production offshore Norway will increase to more than 2mn b/d in 2025 from 1.7mn b/d now, much of it from the giant Johan Sverdrup field, the Norwegian Pe…

Oil Price

Hike in Petrol, Diesel Rates after Global Oil Price Jump

Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…