Oil

Crude Oil

Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says

Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace

Natural Gas

Fair and Just Energy Transition not Likely Without Natural Gas: IGU President Kang

The role of natural gas as an enabler in the energy transition while underpinning economic activity will be an important theme in the international energy discu…

Crude Oil

India’s Crude Oil Throughput Hits Four-Month Low in February

India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude pr…

Natural Gas

National Grid Buys Western Power Distribution, Sells Narragansett Electric

UK-based transmission operator National Grid has agreed to acquire Western Power Distribution’s holding company PPL WPD Investments from PPL WPD, for an equity…

Thermal Plant

Wärtsilä Converts Taiwanese Cogen Plant to Natural Gas

Taiwanese power generation company Ta-Yuan Cogen has selected technology firm Wärtsilä to reduce its reliance on heavy fuel oil for power generation.

Oil Refinery

IEA sees only one refinery operating in Australia

The International Energy Agency expects only one refinery to continue operating in Australia, implying that another refinery will close within the next five yea…

Electric Vehicle Battery

Schlumberger Building Nevada Li Pilot Plant

US oilfield services giant Schlumberger is dipping its toes into lithium extraction with a new pilot plant in Nevada as automakers boost production of battery-p…

Biden Administration To Enforce Trump-Era Sanctions On Iran Oil Shipments

A key tenet of the prior Trump administration's crackdown on China and Iran was to punish those Chinese companies caught transferring sanctioned Iranian oil,

Oil Pipeline

Biden Weighing New Sanctions to Block Russian Gas Pipeline

The Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany

Oil & Gas Trade

India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand

Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.

LNG

Video: Establishing Mozambique As A Global LNG Player

Africa Oil & Power spoke to Carlos Zacarias, CEO, INP about Mozambique’s enormous resource potential, the government’s electricity expansion initiatives, and …

Crude Oil

EIA: OPEC+ Cuts To Lift Oil Prices Through April

Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ g…

Qatar

Qatar To Build A Luxury Floating Hotel That Generates Electricity

Qatar, one of the richest countries in the Middle East thanks to its massive LNG exports and oil reserves, plans to build a floating eco-hotel that would spin v…

Oil Price

Oil at $70 does not Signal Return of a Supercycle, IEA Says

The agency expects world oil demand to recover 63% of the volume lost in 2020 due to the pandemic

Oil Exploration

Qatar Petroleum Joins Guyana’s Offshore Project

State-owned Qatar Petroleum has formally joined Guyana's highly prospective offshore oil projects with the government's approval of its farm-in to two blocks, n…