Oil

United States

U.S. Natural Gas Rise As Colder Weather Rushes In

U.S. natural gas futures rose this week as colder weather with snow came into parts of the country.

Crude Oil

China Oil Demand Seen Peaking In 2030

Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.

Oil&Gas Drilling

APA, Sinopec to Recover $900MM of “Backlogged Costs” in Egyptian Project

APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North …

Hydrogen Project

Oil India to Set up Green Hydrogen Plant in Assam

This is a first of its kind project in the country.

Crude Oil

China 2021 Crude Oil Output Expected to Total 199 mln T -Energy Administration

China’s crude oil output in 2021 is expected to total around 199 million tonnes, or about 3.98 million barrels per day, clocking a third straight annual rise

Natural Gas

Shell to Supply Brazilian Natural Gas Plants

Shell will supply two of the natural gas thermoelectric plants that won the latest Brazilian capacity tender — the already existing Termopernambuco plant in Ba…

Crude Oil

Japan To Sell Crude Oil From State Reserves In February

Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower…

Crude Oil

Turkey's Drillship Fatih Starts Operations in Türkali-7 well

Turkey’s first drillship, Fatih, began drilling in the Türkali-7 location in the Black Sea on Dec. 24, according to Turkey’s Energy and Natural Resources Min…

Crude Oil

CPC to Import 90,000MT Crude Oil from Singapore

The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.

Oil Refinery

Mexico’s Pemex Secures $500m in New Funding to Help It Take Over Texas Refinery

The acquisition would secure critical fuel supplies for the state oil company

Crude Oil

Russia Eyes 3-5pc Growth in Liquids Output in 2022

Russian crude and condensate production will grow by between 3-5pc in 2022, deputy prime minister Alexander Novak said today.

Oil Refinery

Major Romanian Oil Refinery to Cut Emissions with Hydrogen

PJSC Lukoil has today Bbecome the latest oil and gas company to commit to hydrogen, having confirmed its intention to investigate the production and supply of g…

Crude Oil

U.S. Oil Rig Count Jumps Along With Crude Prices

The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh …

Cooperation case

China, Russia forge Close Ties in Energy Cooperation Under BRI: Sinopec Report

China’s oil giant Sinopec on Tuesday released a report about the company’s participation and growth in Russia which deepens ties with China on energy cooperat…

Hydrogen Project

Major Romanian Oil Refinery to Cut Emissions with Hydrogen

PJSC Lukoil has today become the latest oil and gas company to commit to hydrogen, having confirmed its intention to investigate the production and supply of gr…