Oil

Natural Gas

Texas Natural Gas Production Falls as Freezing Weather Sets in

Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.

Nigeria

Nigeria Oil Refinery About to Come Online Later This Year

AfDB President Dr Akinwumi Adesina described the Dangote oil refinery and petrochemical plant project in Nigeria as a game-changing initiative that will spur th…

Indonesia

Kuwait's Kufpec Discovers Gas, Condensate in Indonesia

Kufpec, the foreign upstream arm of Kuwait's state-owned KPC, today announced a gas and condensate discovery in the Anambas block in the Natuna Sea north of Ind…

Market Analysis

EIA Forecasts US Fossil Fuel Production to Reach New Highs in 2023

After declining in 2020, the combined production of US fossil fuels increased by 2% in 2021 to 77.14 quadrillion British thermal units.

Crude Oil

OPEC’s Shrinking Capacity Could Send Oil Above $100

The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.

Crude Oil

Russia’s Oil Output Could Peak In 2023

There are growing doubts as to whether Russia can grow petroleum production to the volumes forecast by Moscow.

Crude Oil

China's Crude Oil Output Rises in 2021

China's crude oil output reached nearly 199 million tonnes last year, up 2.4 percent from the previous year, official data showed.

Oil & Gas Trade

Chinese LNG Reload Heads to Europe

Europe is poised to receive a cargo reloaded at a Chinese LNG import terminal, as the region remains the global premium market for LNG and weaker demand leads C…

Oil Field

TotalEnergies, Chevron to Exit Myanmar

TotalEnergies and Chevron said they will withdraw from Myanmar because of the worsening situation in the country since a February 2021 military coup.

Natural Gas

China Is Reselling LNG Cargoes, Driving Gas Prices Lower

Major Chinese LNG importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see i…

Hydrogen Project

S-OIL Signs MOU on Blue Hydrogen Business with Saudi Aramco

S-OIL has signed four MOUs with Saudi Aramco to strengthen cooperation in alternative energy, including research and development on low-carbon future energy sou…

Crude Oil

Norway Recorded Higher Oil & Gas Output in December

Norway’s oil and gas production increased in December 2021 when compared to the previous month but it was slightly below predictions made by the Norwegian Petr…

United States

US Refining Expects Resurgent 2022

US refiners are set for a shift back toward pre-pandemic profits in 2022, with many expecting Covid-19 restrictions to taper amid rebounding demand for products…

Russian Federation

Russia’s February gas-transit plan leaves Europe in the lurch

Russia is keeping Europe’s natural gas market on edge, with no relief in sight from the country’s preliminary supply plans for next month.

LNG

Ghana Plans to Become West Africa’s Gas Hub with Import Terminal

Ghana’s state-owned oil company is progressing with plans to sell liquefied natural gas throughout West Africa after shipments of the fuel begin to flow to an …