Oil

Crude Oil

Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties

The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned

Crude Oil

Acelen to Boost Runs at Newly Acquired Brazil Refinery

Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the count…

Crude Oil

Production Starts at Angola’s Clov 2 Oil Project

Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…

Natural Gas

Australian LNG Exports Hit Record High in October

The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.

Oil&Gas Drilling

TotalEnergies Spuds Namibian Ultra-Deepwater Well

French energy major TotalEnergies has started drilling the ultra-deepwater Venus-1X exploration well located offshore Namibia, using a Maersk Drilling-owned dri…

Natural Gas

Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia

Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.

Natural Gas

Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia

Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run …

Crude Oil

Saudi Arabia May Raise January Oil Prices to Asia

Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month

Natural Gas

Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand

Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid …

Crude Oil

Guyana To Become The 11th Country To Produce Over 1 Million Bpd

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.

Oil Price

Oil Prices Projected To Hit $125 In 2022

In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023

Natural Gas

Sound Energy Enters Gas Sales Agreement for Morocco’s Phase 2 Tendrara Development

The agreement covers the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10-year period.

Oil Field

Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field

The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers

Natural Gas

Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says

The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.

Hydrogen Project

China's Sinopec Builds Xinjiang Hydrogen Plant

China's largest oil refiner, state-controlled Sinopec, has started building a production facility for hydrogen in Kuqa city in northwest China's Xinjiang region…