Oil

Solar Power Plant

Eni Reaches Investment Decision on 50MW Solar Project in Angola

Solenova, a joint venture between Italian energy company Eni and Angolan oil company Sonangol, has reached a Final Investment Decision and signed a contract for…

LNG

Global LNG Exports Hit Eight-Month High

Global LNG loadings increased in November compared with recent months, and were at their quickest since March, as stronger US and Malaysian output offset slower…

Crude Oil

Top U.S. Shale Producer Worries Oil Prices could Run too Hot

Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…

Hydrogen Project

Aramco Unveils Major Hydrogen Partnerships with Gaussin and Air Liquide

Saudi Arabian oil company Aramco has unveiled two agreements with French-based Air Liquide and Gaussin that will see the companies explore hydrogen technologies…

Oil Price

Saudi Arabia Hikes Oil Prices Despite Omicron Fears

Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia

Oil Pipeline

Germany: Nord Stream 2 Cannot Begin Operations Until Certified

The Russia-led Nord Stream 2 gas pipeline cannot start sending natural gas to Europe until it is certified by German authorities, which have suspended the certi…

LNG

QatarEnergy Enters Long-Term LNG Supply Agreement with China’s Guangdong Energy Group

QatarEnergy said that it has entered an agreement with Guangdong Energy Group Natural Gas Co for the supply of one million tons per annum of LNG to China over a…

Oil Field

Shell Pulls Out of Cambo Oilfield

SHELL has pulled out of the Cambo oilfield project, saying that the economic case for investment isn’t strong enough.

Oil Field

Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development

In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas …

LNG

Energy Regulator approves five LNG Storage Licences for DNG Energy

The Energy Regulator has approved five site licences for the importation and storage of liquefied natural gas (LNG) by black-owned energy company DNG Energy.

LNG

Korea Shipbuilders Win 91% of Global LNG Carrier Orders in Jan.-Nov. Period

Korean shipbuilders won 91 percent of the global orders for liquefied natural gas carriers in the January-November period of 2021.

Oil & Gas Trade

Iran Delivers Fourth Crude Condensate Cargo To Venezuela

Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year.

Oil Price

Goldman Remains Bullish On Oil Despite OPEC+ Decision

Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…

Oil & Gas Trade

Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry

Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dolla…

Crude Oil

U.S. May Delay Oil Reserve Release

The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…