Oil

OPEC

Opec+ Adds Around 700,000 b/d in July

The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.

Oil & Gas Trade

US June Oil Exports Rise, Boosted by India, South Korea

US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.

Oil Exploration

Enersea Inks FEED Deal with Petrogas Offshore Netherlands

Enersea has secured a front-end engineering and design contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.

Crude Oil

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge

Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks

Hydrogen Project

India to Make Green Hydrogen Mandatory for User Industries

Oil refineries and fertiliser manufacturers will be asked to implement the policy immediately after the Cabinet approves the proposal, power and renewable energ…

Oil & Gas Trade

New Zealand's Oil Refinery Set to Convert Into Import Terminal

New Zealand will stop refining crude oil from next year after shareholders in the country's sole refinery greenlighted a plan to convert it to a gasoline-import…

Oil Pipeline

Video: Russia's Former President Medvedev on Nord Stream 2

Russia's former President Dmitry Medvedev has welcomed the US-German agreement on Nord Stream 2 that would pave the way for the completion of the controversial …

Hydrogen Production

Japan's J-Power, Schlumberger Eye Hydrogen from Coal

The carbon dioxide that comes out of the process will be used for enhanced oil recovery.

Oil Price

Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month

The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…

Crude Oil

Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive

Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria…

Offshore Wind Power

TotalEnergies Eyes Stake in World’s Largest Offshore Wind Farm

TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French…

Oil Refinery

Revamped Mumbai Refinery to Fully Restart This Month

Indian state-run refiner HPCL will restart the second crude unit at its Mumbai refinery this month following a revamp, having resumed operations at the first in…

LNG

Ivory Coast to Build 200 MW LNG Plant, Says Energy Minister

The ministry will share further details on the cost and timeframe for the plant's construction once discussions are concluded, he said

Crude Oil

Covid Resurgence in China Drives Global Oil Demand Concerns

China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.

Natural Gas

Gazprom Boosts Gas Exports To Europe In H1 2021

Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week.