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Oil
Net Zero Emission
IEA’s Simple Message for Australia: No Place for Gas-Fired Recovery in Net Zero by 2050
The International Energy Agency’s Net Zero says the world should add “no new oil and gas fields … and no new coal mines or mine extensions if it is to achiev…
OPEC
OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …
Personnel Appointment
Iran’s Oil Minister Zanganeh to Retire After Election
Iran's veteran oil minister Bijan Namdar Zanganeh said that he will retire once a new president is inaugurated following next month's election, even if he is as…
Energy Security
Southeast US Fuel Stocks Rise After Pipeline Restart
Retail fuel supplies in the southeastern US are slowly returning to normal levels after panic buying drained storage following the cyberattack-induced shutdown …
Oil Field
Chevron Shuts in Tamar Gas Field Amid Unrest in Israel
Oil and gas giant Chevron has shut down production at its operated Tamar field located offshore Israel amid escalating violence and tensions in the region.
LNG
Samsung Heavy Industries Completes LNG Pilot Test Facility
Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.
Oil and Gas Equipment
Breakthrough in China's Offshore Oil and Gas Core Equipment
The sea trial of the first independently developed underwater Christmas tree system was successful.
Crude Oil
China April Crude Oil Output Up 3.4 pct on yr
China's April domestic crude oil production rose 3.4 percent on year to 16.41 million tonnes.
Crude Oil
Russia Is Making A Mad Dash To Outrun Peak Oil Demand
Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity.
Oil Field
Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously inte…
Carbon Neutral
North Dakota Governor Sets Carbon-Neutral Goal by 2030
North Dakota, the nation’s second largest oil-producing state, will strive to become carbon-neutral by decade’s end, Gov. Doug Burgum said Wednesday.
Oil Pipeline
U.S. Pipeline Hack Attack: Global Cybersecurity Matters
Last Friday, a hacker group called DarkSide deployed a ransomware attack on a pipeline system that carries nearly half of the U.S. east coast's fuel supply.
Natural Gas
The Future of Natural Gas in ASEAN’s Power Sector
The development of electricity markets in the Association of Southeast Asia Nations is in a dynamic stage, both for demand and supply.
Oil Price
Gasoline Prices hit $3 As Shortages Grow on U.S. Pipeline Outage
U.S. average gasoline prices exceeded $3 a gallon for the first time in more than six years amid growing shortages of fuel across the South and East while Colon…
Oil Price
Oil Prices Set For Biggest Daily Drop Since Early April
Oil prices dropped by almost 3 percent on Thursday morning and were set for the biggest percentage drop since early April, after the restart of Colonial Pipelin…
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