Gas

Oil Pipeline

Nord Stream 2 to Start Laying Gas Pipes in Danish Waters

The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat o…

Oil&Gas Drilling

Pacific Drilling to Emerge from Bankruptcy by Year-End

Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reo…

Tidal Energy

Atlantis Delivers Tidal Power System to Japanese Harbour

SIMEC Atlantis Energy Ltd has successfully delivered to Nagasaki harbour the tidal generation equipment it manufactured for Japanese client Kyuden Mirai Energy.

Oil & Gas Trade

Gazprom lifts Ukraine January Gas Transport Bookings

Russia's state-controlled Gazprom has booked considerably more gas transport capacity through Ukraine for January, although overall booked capacity is still set…

LNG

Korean Shipbuilders Enjoying Brisk New Order Intake at Year-end

Korean shipbuilders are enjoying a brisk new order intake at the year-end.

Crude Oil

China Issues Higher Oil Import Quotas For 2021

China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…

OPEC

Russian Energy Ministers Tells Biden Not To Disturb Oil Markets

Joe Biden’s presidency will hopefully not interfere with OPEC+ actions taken to rebalance oil markets, Russian Deputy Prime Minister and former Energy Minister…

Oil Field

Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields

Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the developme…

Oil Field

ConocoPhillips Makes ‘Significant’ Oil Discovery off Norway

Oil major ConocoPhillips has made what it says is a significant oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeas…

Crude Oil

India's Crude Oil Production Slips 5 pc in November

Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back

Oil & Gas Supply

Turkmenistan's Lebap Region Overfulfills Its Natural Gas Production Plan

Lebap’s natural gas extraction industry began in the 1960s.

Oil Price

Oil Tumbles As New Virus Strain Revives Demand Fears

Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…

Crude Oil

OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing

OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, citing the leaders of the group, Saudi Arabia and Russ…

Natural Gas

PetroChina Strikes Big Gas Find in China Xinjiang's Junggar Basin

This marks another breakthrough in the state oil firm's natural gas development in the region, following a similar-sized discovery at Tarim basin in September l…

Oil & Gas Trade

China Issues 122.59 mln T in 1st Round of Oil Import Quotas

Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.