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Belt and Road
Crude Oil Prices Steady Near Multi-Year Highs
Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.
Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal
The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Equinor Extends Heimdal Gas Center’s North Sea Service Contract to 2023
New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon.
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Waga Energy’s Landfill Biogas Recovery Technology Gains Popularity in Canada with Second Installation Contract
Waga Energy has secured a contract with the Brome-Missisquoi Intermunicipal Waste Management Board to produce biomethane at the Cowansville landfill site in Qu…
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…
Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Wes…
Amsterdam Expands EV Charging Stations with TotalEnergies
Oil and gas majors continue to play a critical role in accelerating the electrification of the transport sector as the energy transition intensifies.
Equinor Delays Restart of Brazil Oil Field to 2022
Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interr…
Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t…
Gas power plant
Wartsila to Set up 30-MW Power Plant for Oil India in Assam
The power plant is scheduled to be commissioned in November 2022
Oil & Gas Trade
ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…
Why Iran’s Presidential Election is the ‘Most Important Political Milestone’ of 2021 for the Global Oil Market
A victory by front-running hard-liner could slow nuclear talks.
Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well