Oil

Oil Exploration

Eni Wins Five New Exploration Licences in Egypt

Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – …

Oil & Gas Trade

Korea's Imports of U.S. Crude Oil Considerably Increases Last Year

As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.

Crude Oil

China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil

China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.

Natural Gas

Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather

Europe’s natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later th…

Oil Exploration

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery

In addition, COPL provides an operational update on its Barron Flats Shannon Field production.

LNG

First WAGABOX® Landfill Gas to RNG Project in the US Confirmed

Waga Energy is joining forces with Steuben County on a Renewable Natural Gas project at the county’s Bath landfill.

Market Analysis

GECF and UNESCO Shape Future Plans

During the meeting, the existing stream of collaboration and new areas of cooperation in the months ahead, particularly as the UN embarks on an International Ye…

Natural Gas

Groningen 2021-22 Gas Output Estimate Almost Doubled

Gas production from the Netherlands' Groningen field this gas year may have to be almost twice as high as previously expected.

Oil Field

Equinor Makes Oil Discovery Near Existing Infrastructure in North Sea

Norwegian oil and gas company Equinor has made a new oil discovery, located near the Fram field in the North Sea offshore Norway, and will consider tying it to …

LNG

US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer

Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021

Crude Oil

Libya Oil Pipeline Maintenance Completed

Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint…

Oil Price

Gas Prices Surging in Europe

Increasing concern about Europe's reliance on gas supplies from Russia has led to fears of continued price volatility in the international energy market.

Energy Security

Chinese Firms' Energy Projects in Kazakhstan Remain Safe: Sources

Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.

Oil Price

Saudi Arabia Cuts Oil Prices For Asia In February

Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid th…

Crude Oil

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan

Oil markets shrug off dip in U.S. gasoline demand