Oil

Oil Field

Tullow Oil Set to Increase Stake in Oil Fields in Ghana

Company is exercising its pre-emption rights related to sale of Occidental Petroleum’s interests to Kosmos Energy

Oil Refinery

CITIC Construction Wins bid Worth 5.7 bln USD in Iraq

CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Proje…

Oil Field

Norway’s Johan Sverdrup to Restart After Power Glitch

Norway's state-controlled Equinor is working to restart production from the giant Johan Sverdrup oil field in the North Sea after it was shut down earlier today…

Natural Gas

Ukraine may Struggle to Rebuild Gas Stocks Next Summer

Ukraine may require gas imports through routes other than Slovakia if it is to bring its stocks in line with recent-year averages by the start of the 2022-23 wi…

OPEC

Opec Maintains 2022 Outlook and Expects Oil Demand to Surge Above Pre-Covid Levels

Based in Vienna, the group trimmed its outlook for 2021 owing to slower-than-anticipated demand from China and India

Oil & Gas Supply

Wales Pledges to Put an End to Licensed Oil and Gas Production

Wales has joined an alliance led by Denmark and Costa Rica pledging to stop licensing oil and gas production

Oil Price

Oil Prices Plunge into Close, Roiled by Inflation Fears

Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs …

Crude Oil

Eni Plans First Oil and Gas from Giant Cote d'Ivoire Find as Early as 2023 as more Blocks put on Offer

Italian energy major Eni plans to start oil and gas production from the giant Baleine discovery offshore Cote d'Ivoire as early as 2023 as the country put 32 mo…

Russian Federation

Russian Oil And Gas Discoveries Plunge To Five-Year Low

Russia’s oil and gas discoveries fell to the lowest in five years in the first half of 2021, after last year’s crisis resulted in steep cuts in capital expend…

Hydrogen Project

China's Sinopec to Launch Qingdao Hydrogen Facility

Chinese largest oil refiner state-controlled Sinopec is on track to launch a production facility for hydrogen used in hydrogen fuel cells at the end of December…

LNG Carrier

Qatar Places First Batch of LNG Carrier Orders with Korean Shipbuilders

Qatar has placed the first batch of liquefied natural gas carrier orders with Korean shipbuilders.

Oil Price

Opec+ Production Shortfall Widened in October

The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming co…

Oil Price

Shale Operators Stay the Course Despite Oil Price Rally

After spending a year heeding investor calls for prudence, independent US shale producers are in no rush to use windfalls from surging oil prices to ramp up out…

Oil&Gas Drilling

Japanese Jack-up Rig Begins Vietnamese Drilling Job

Subcontracted by PetroVietnam, a Japan Drilling Company-owned jack-up rig has started drilling operations in waters offshore Vietnam.

Oil Refinery

Samsung Engineering Starts Shipping Modules for Dos Bocas New Refinery Project in Mexico

Samsung Engineering announced on Nov. 8 that it has started shipping modules to be used for the Dos Bocas New Refinery project in Mexico.