Gas

Crude Oil

Iran Oil Output Falls To 40-year Low In 2020

Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration.

Crude Oil

First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month

A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.

Energy Investment

Banpu To Buy Texas Power Plant For $430 Million As Thai Energy Firm Steps Up Green Investments

Banpu—controlled by billionaire Isara Vongkusolkit—has agreed to buy a combined cycle gas-fired power plant for $430 million in Texas as the Bangkok-based coa…

United Kingdom

Scotland’s First Minister Calls on UK to “Reconsider” Oil and Gas Permits

Scotland’s First Minister Nicola Sturgeon called on the UK government to reconsider oil and gas licenses, just days after a United Nations panel warned of dire…

Oil Field

POSCO International to Explore Gas Field in Malaysia

POSCO International will explore an offshore gas field in Malaysia to create a second success story following its jackpot in Myanmar.

Crude Oil

Opec Lifts Oil Supply Forecast, Demand Unchanged

Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.

Energy Security

Oil Spill in Black Sea Much Bigger than Reported - Russian Scientists

A leak occurred as the Greek-flagged Minerva Symphony tanker took on oil at the Yuzhno-Ozereyevka sea terminal near Novorossiysk in southern Russia, the Caspian…

New Zealand

New Zealand’s Energy Emergency

However, gas production issues have limited the amount that can be supplied.

Nuclear Reactor

Regulators Complete First Licensing Cooperation

Nuclear safety regulators in Canada and the US have completed their first collaborative project on licensing of SMRs.

LNG

Russia Pipeline Supplies 10 bln Cubic Meters of Natural Gas to China

China has imported over 10 billion cubic meters of natural gas via the China-Russia east-route natural gas pipeline since its operation in 2019.

LNG

CCCC Wins Major Contractor Gig for Kamchatka LNG

Russian federal seaports agency Rosmorport has awarded China Communications Construction Company a contract to build Novatek’s Kamchatka LNG terminal in Bechev…

Oil & Gas Trade

Russian Novatek Expands Its LNG Supply to Vietnam

Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.

Oil Shale

Exxon Continues To Shed Shale Assets

ExxonMobil has started marketing gas assets in the Fayetteville Shale in Arkansas, the US supermajor’s spokeswoman Julie King told Reuters on Wednesday.

Crude Oil

Oil Tanker Explodes In Syrian Port

An explosion on an oil tanker moored at the Syrian port of Latakia caused a fire that has injured two people in an incident on what was identified as a tanker p…

Crude Oil

Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production

Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…