Oil

Oil & Gas Trade

Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG

China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Pet…

Oil & Gas Trade

Fourteen U.S. States Sue Biden Administration over Oil and Gas Leasing Halt

In an attempt to challenge the pause on new oil and gas leasing on federal lands and waters, 14 U.S. states have filed lawsuits against President Joe Biden’s a…

Crude Oil

Uganda Postpones Launch of the East African Crude Oil Pipeline to April

The Ugandan government has announced that it has pushed back the launch of the East African Crude Oil pipeline to April following the death of Tanzania’s presi…

Oil&Gas Drilling

Masirah Completes Oil Project in Oman

Muscat-based Masirah Oil, which operates Block 50 off Oman’s east coast, has completed the planned upgrade of a mobile offshore production unit to 30,000 barre…

Oil&Gas Drilling

UK Seeks to Drill more Oil and Gas from North Sea

More oil and gas wells are to be drilled in the North Sea, the UK government has announced.

Crude Oil

OPEC+ Will Keep A Lid On Oil Production

OPEC+ will likely decide to keep oil production essentially steady for another month.

Crude Oil

Oil Slips On Small Crude Inventory Build

U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19

Carbon Emissions

White House Adviser to Meet Oil on Climate Goals

President Joe Biden's administration is due to propose new regulation on methane from oil and gas operations by September, McCarthy said in a previous interview

Oil Pipeline

Nord Stream 2 Pipelaying could End by October

Pipelaying on one of the twin lines that compose Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 gas route might not be complete until winter, a re…

Oil Field

118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022

After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.

Oil & Gas Trade

China: Shenergy Group & Total Energy LNG Marketing Partnership

Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of LNG from T…

Nuclear Technology

Russia Completes Key Equipment for ITER

Vacuum injection impregnation is one of the most difficult and critical stages of coil manufacturing, and was preceded by a number of technological stages compl…

Crude Oil

Saudi Arabia Tops China’s Jan-Feb Crude Imports

Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.

Natural Gas

Venezuela Gas Pipeline Tract Explodes; Oil Minister Blames Attack

Oil Minister Tareck El Aissami in a brief statement on state television late on Saturday called the incident a "terrorist attack," without providing details abo…

LNG

Russia Says LNG Production Capacity Could Jump Threefold By 2035

Russia’s government approved on Monday the country’s long-term development program for LNG, expecting production capacity to rise threefold from current level…