Gas

Oil Price

Oil Slides Toward $60 Ahead of OPEC+ Meeting to Boost Global Supply

Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards.

Crude Oil

Iranian Crude Clogs Chinese Ports Despite US Sanctions

Congestion at one of China’s major refinery hubs was reportedly caused by soaring exports of crude from the Persian Gulf nation, which are expected to grow fur…

Oil Field

Eni Through Var Energi Announces New Oil Discovery Offshore Norway

Eni through Var Energi, jointly owned by Eni and by HitecVision (30.15%) announces a new oil discovery in production licence PL532 in the Barents Sea

Carbon Emissions

Shell's 2020 Carbon Emissions Fall on the Back of Fuel Sales Drop

Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell to 1.38 billion tonnes of carbon dioxide equivalent last ye…

Oil Field

Equinor Gets Go-Ahead to Drill North Sea Well Duo

Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using t…

Oil & Gas Trade

Israel's Leviathan to Sell 10bn m³ of Gas in 2021

Israeli upstream firm Delek Drilling expects its 649bn m³ Leviathan field to sell around 10bn m³ of gas this year, up from the 8.9bn m³ forecast in July last…

Oil Refinery

Petron to Restart Philippine Refinery by 2H 2021

Philippine private-sector firm Petron plans to resume refining activity at its 180,000 b/d Bataan refinery by the second half this year on expectations of a sig…

OPEC

India Asks Refiners to Diversify, Cut Reliance on Middle East Oil After Opec+ Decision

India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery

Energy Security

Saudis Vow To Protect Oil Facilities And Global Supply After Latest Attacks

On Sunday, Yemen’s Houthi rebels said they had fired 14 drones and eight ballistic missiles at oil facilities at the Saudi port of Ras Tanura and military targ…

Oil & Gas Trade

Saudi Oil Exports Holding Strong Despite Production Cut Commitment

Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.

Oil Exploration

Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi

The two state oil companies will look at exploration and production possibilities in the emirate

Hydropower Plant

Tirupati Graphite to Redevelop Hydro Facilities and Initiate Further Studies

The company is hoping to meet 100% of the power requirements for the Madagascan projects from hydropower.

Hydrogen Project

Chile’s AME Set to Build Green Hydrogen Fuels Plant

Andes Mining and Energy (AME) plans to start construction in April on a methanol-to-gasoline pilot project in southern Chile using green hydrogen.

Crude Oil

Libya Targets 1.45mn b/d Oil Output by Year-End

Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.

Thermal Plant

Wärtsilä Proceeds with €100m Colombian Power Plant Despite COVID-19

Finnish energy generation equipment company Wärtsilä has announced that it is proceeding with the construction of a 200MW flexible baseload power plant in Col…