Oil

Oil & Gas Supply

Oil Company Stops Supplying Lebanon with Petrol

Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry

CNOOC

CNOOC's First-Half Profit more than Triples

China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by reboundi…

Switzerland

GEG Partners with Proman on Scottish Green Methanol Plant

Global Energy Group, owners of the Nigg Oil Terminal in Scotland, has partnered with Proman, a Swiss-based energy company, to develop a renewable power to metha…

LNG

Brazil June Gas Demand up on Power Generation

Brazil's natural gas consumption rose by 16.5pc in June, led by a surge in demand for power generation as drought slashed hydropower capacity.

LNG

Post-COVID-19 Recovery of LNG Market: What’s Next?

The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic.

Crude Oil

Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth

Crude came under pressure amid weakness in the commodities market and equities more generally.

Oil Field

GS Group Sells off Entire 30% Stake in Nemaha Oil Field in Oklahoma

GS Global and GS Energy sold off their entire 30 percent stake in an oil field in Oklahoma of the United States in July

Crude Oil

Opec+ Compliance at 109pc in July: Report

The Opec+ coalition achieved 109pc conformity with its crude production commitments in July, down from 112pc in June

LNG

Atomenergomash Completes Europe’s First Test Rig for Medium- and Large-Scale LNG Plants Equipment

The project was implemented in accordance with the decree of the Russian government.

LNG

McDermotts’ CB&I Wins More Philippines LNG Work

McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for a second storage tank at Atlantic Gulf and…

Natural Gas

Nord Stream 2 Says Fortuna Vessel Working on Final Stage of Project

Natural gas prices in Europe fell sharply following the report.

Oil Price

Oil Price Slides Towards July Low as US Output Rises for Second Week

The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…

Oil Price

Oil Prices Set For Longest Losing Streak Since March

After tentatively rising in Asian trade, oil prices reversed course and fell on Tuesday morning, poised for a fourth consecutive day of losses, which would be t…

Crude Oil

World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside

BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe…

LNG

Australia Faces "Precarious" Gas Supply in 2022, Watchdog Warns

The report paints a more dire picture than the Australian Energy Market Operator gave in March, when it said plans by billionaire Andrew Forrest to have an LNG …