Oil

Crude Oil

Oil Moves Higher On Largest Crude Draw Since January

Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.

Crude Oil

U.S. Energy Production Saw Steepest Drop On Record In 2020

Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.

Crude Oil

Energy Group Total Starts Production at Angolan Oil Project

French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Th…

Floating Offshore Wind

South Korea’s First Floating Wind Farm Project Passes Preliminary Feasibility Study

Korea National Oil Corp., which operates oil and gas fields, welcomed the green light from the Korea Development Institute as a “significant starting point” f…

Crude Oil

BHP Produces First Oil from Ruby Project

Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago.

Natural Gas

China Gas Use to Rise 10pc in 2021: Sinopec, PetroChina

China's state-controlled energy firms are expecting domestic gas demand growth to accelerate this year, as the economy recovers and consumption of the fuel is b…

Oil & Gas Trade

Italy’s April Gas Imports Hit Long-Term High

Italy's gas imports in April were the quickest for any month in almost nine years, because of strong heating demand and the need to start injecting under the co…

Oil Pipeline

Putin Says Nord Stream 2 Pipeline

This picture posted on the website of Russian energy giant Gazprom shows Nord Stream 2 pipe-laying operations in German territorial waters.

Oil Refinery

Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent

Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…

Oil & Gas Trade

Iraq May Import Egyptian Gas Through Syria

Syria is connected to Egypt through the Arab Gas pipeline, which stretches across 1,200km

Crude Oil

Titan LNG’s Second FlexFueler Springs into Action

Titan LNG, a Dutch independent LNG supplier, has completed a bunkering operation with its recently commissioned FlexFueler 002.

Major Chinese Investors Could Buy Stake In Aramco

Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stak…

Oil Price

Goldman: Oil To Hit $80 On Largest Ever Demand Jump

Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish fo…

Wave Energy

Wave Energy Trial to Power Oil & Gas Platforms

Lundin Energy Norway is collaborating with Ocean Harvesting Technologies on new R&D study to determine if wave energy converters could potentially provide clean…

Oil Refinery

Egypt to Build $7.5bn Petrochemical Complex in Ain Sokhna

Deal aims to meet local production needs and help the country become a regional energy hub