Oil

LNG

Indian Oil expands JV with Malaysia's Petronas to focus on LNG plants

Indian Oil Corp is expanding its joint venture with Malaysia's state-run Petronas to include building liquefied natural gas terminals, fuel retailing and gas di…

Oil Exploration

Chinese Oil Major Sinopec Announces Oil, Gas Discovery

China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the rese…

LNG

India's New LNG Plant Starts Next yr, to Boost Import Capacity by 12%

New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or …

Oil Field

Iraq Approves BP's Plans to Spin off Rumaila Oilfield

Iraq's Cabinet has approved plans submitted by BP to spin-off the development of the Rumaila oilfield, the country's largest, as the oil company exits the count…

LNG

B.Grimm and PTT Team up for Thailand LNG Expansion

Bangkok-based power company B.Grimm Power has formed a joint venture with the state-owned energy company PTT Global LNG to expand the LNG value chain.

Oil & Gas Trade

Excelerate Energy Authorized to Import LNG in Brazil

Brazilian oil and gas regulator ANP today authorized US LNG company Excelerate Energy to import LNG to the country via its Brazilian unit.

Natural Gas

China's Sinopec Adds New Tanks at East China Gas Receiving Terminal

This would be 17 per cent more than its current annual capacity of 6 million tonnes

Oil Price

Oil Settles up 3%, Boosted by Mexican Oil Rig Outage, U.S. Vaccine Approval

Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory appro…

China

China’s Big Oil To Exploit Core Strengths In Decarbonization

The Chinese economic miracle has succeeded in lifting millions out of poverty and transforming the geopolitical landscape.

Oil & Gas Trade

Uganda Suspends NGOs Opposing Oil Projects

Uganda says the suspended organizations have been meddling with local politics.

Oil Field

Norway's Duva Oil and Gas Field Starts Up

UK private equity-backed independent Neptune Energy has started production from the Duva oil and gas field in the Norwegian North Sea.

Oil & Gas Trade

Illicit Oil Exports Cost Iran Billions In Lost Revenues

The actual amount of oil that it sold in this period should have brought $6 billion to the government. In fact, it earned only 10 percent of the real value of t…

Crude Oil

Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%

Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices …

United States

Alaska Judge Dismisses Trump-era Approvals for Arctic Oil Project

A US federal judge invalidated permits approved during the Trump administration for a large oil development project on Alaska’s North Slope on Wednesday.

Oil Pipeline

Just 15 km of Nord Stream 2 pipeline to Go, Says Putin

he $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic metres a year has been a focal point of tensions between Mos…