Oil

Electrification

Equinor Expands Electrification to Curb Oil and Gas Emissions

Successful commencement of Equinor’s total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 throug…

Energy Security

Oil Tanker Leaks Crude After Collision Near China’s Qingdao Port

A 900-foot crude tanker leaked oil into the ocean just outside China’s biggest refining center, raising the specter of environmental damage and disruption of s…

Oil Refinery

Korean Oil Refineries Offset Weak Oil Demand with Market Diversification

South Korea’s major oil refiners are going all-out to recoup losses from a Covid-19 pandemic-driven slump with market and product diversification.

Market Analysis

These Two Meetings Will Affect Oil And Gold Prices In May

Traders are closely watching two important events this week that are likely to set the tone for oil and gold prices next month.

Crude Oil

Taranto to Take First Seaborne Crude in Months

Italian integrated firm Eni's 84,000 b/d Taranto refinery is preparing to take its first seaborne crude cargo since September as domestic onshore supplies are c…

Crude Oil

Mexico Complying with Opec+ Deal: Energy Minister

Mexico is "complying" with its commitment to Opec+ with crude production just below its target

Natural Gas

Israeli Energy Giant Plans $1.1 billion Gas Deal with UAE Company

The $1.1 billion deal would be the biggest between the countries since they normalised ties.

Nuclear Fusion

Assembly of ITER Magnet System Starts

The sixth Poloidal Field (PF6) coil of the International Thermonuclear Experimental Reactor was inserted into the fusion machine's tokamak pit on April 21.

Energy Technology

Crude Oil Catalytic Cracking Technology Realizes the World's First Industrial Application

Recently, the catalytic cracking technology of crude oil independently developed by the Research Institute of Petrochemical Industry is being tested in Yangzhou…

Oil Field

Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement

Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel

Natural Gas

South Korean Steelmaker POSCO Defends Myanmar Gas Business

About 20 per cent of the Myanmar gas business was used for local consumption including electricity production, contributing to the lives of ordinary people, it …

LNG

France's Total Halts Its Gas Project in Northern Mozambique

Total's declaration of force majeure casts doubt on the future of the gas project, which had been expected to bring large and sustained economic growth to Mozam…

Oil & Gas Trade

Lundin Sells Its First 'Carbon Neutral' Oil as Climate Activism Grows

Sweden's Lundin Energy has sold what it said is the world's first oil cargo certified as carbon neutral at the point of production to Italian refiner Saras, the…

Oil & Gas Trade

China-Philippine Gasoil Flows Hit Record High in March

China exported a record amount of gasoil to the Philippines in March, as refinery shutdowns in the southeast Asian country supported import demand.

United States

US Energy Secretary Urges Oil Sector to Diversify

Oil companies that are slow to shift toward cleaner energy source risk of being left behind as the world reduces carbon emissions, US energy secretary Jennifer …