Gas trade

Oil & Gas Trade

OPEC Expects Global Oil Demand Hits Biggest Downfall

The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…

Oil & Gas Trade

Justin Trudeau Wants Canadian Oil Producers to Set Climate Targets

The comments come as Japan's biggest bank by assets said it would restrict transactions involving oil sands, while Norway's $1 trillion wealth fund blacklisted …

Oil & Gas Trade

India Oil & Gas Industry Might Need More Time to Recover

Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.

Crude Oil

Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic

Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …

Oil & Gas Trade

Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%

Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …

LNG

Australia's LNGL Plans Sale of Magnolia LNG Project

Australian firm LNG plans to sell the 8mn t/yr Magnolia LNG project in Louisiana for $2.25mn to a firm called Global Energy Megatrend.

Oil & Gas Trade

Topside Installed for Norway's Nova Field

Wintershall Dea's Nova field will be tied back to a platform at the Neptune Energy-operated Gjoa field.

Oil & Gas Trade

The Oil and Gas Industry is Losing Young Professionals

The oil and gas industry is grappling with a growing employment crisis as young professionals steer clear of the ailing industry

Oil & Gas Trade

NOC to Produce LPG in Sharara Oil Field for Local Consumption

National Oil Corporation’s subsidiaries and Repsol Consortium have reached the final stages of an ambitious study to recover LPG contained in flare gas in the …

Oil & Gas Trade

McDermott Wins Contract for LPG Spheres in Caribbean

A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.

Oil & Gas Trade

India's LNG Imports Jumped 18 % in 2019-2020

India's imports of liquefied natural gas (LNG) jumped by 18% in 2019-2020.

Oil & Gas Trade

U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever

The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…

Oil & Gas Trade

North American Oil Producers Cut Output Quicker Than Some Expected

OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, se…

Oil & Gas Trade

Oil Exports Fetch USD 1.4 Billion in Libya

Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.

Oil & Gas Trade

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals

Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.