Oil

Crude Oil

Opec+ to Convene Amid Robust Recovery in Global Oil Prices

The group could raise output by 500,000 to 700,000 bpd

Oil&Gas Drilling

ReconAfrica Updates Kavango Drilling Program

ReconAfrica recently provided an update on its drilling program in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia.

Crude Oil

OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3

Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…

Oil & Gas Trade

Pakistan Hopes to Save $3 Billion in New Gas Deal with Qatar

Khan's government has said it was trying its best to overcome an energy shortfall through different measures

Oil & Gas Trade

Turkey's Imports of Natural Gas from Iran Fell by 31% in 2020

Turkey imported 5.32 billion cubic meters of natural gas from Iran in 2020, a year-on-year decrease of 31%.

Oil & Gas Trade

S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data

South Korea's February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energ…

Crude Oil

Oman Starts New Energy Company As it Seeks to Leverage Oil Block

New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt

Oil Refinery

Indian Oil Shares Gain Over 3% on Panipat Refinery Capacity Expansion Plan

IOC board approved capital investment for capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA.

Oil Refinery

Iranian Firm Wins Tehran Refinery Upgrade Project

Iranian contracting company Chagalesh Consulting Engineers has been awarded a €200mn engineering, procurement and construction contract to upgrade a number of …

Mexico

Mexican State Oil Firm Pemex Reports $23 Billion Loss in 2020

The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet.

Hydrogen Project

Saudi Arabia Plans to Export Green Hydrogen to Europe by Pipeline

Hydrogen has become a popular alternative fuel among Gulf oil producers looking to diversify their energy sources

Oil Price

Oil Prices Fall on Strong US Dollar and Supply Concerns

Brent and WTI are on track for gains of about 20% this month

Oil Field

Energean Proposes $500MM Carbon Storage Facility in Northern Greece

Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Pr…

Oil Exploration

Seven Oil Players Apply for Production Licences off Norway

Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …

LNG

Global LNG Demand Expected to Almost Double by 2040

Global liquefied natural gas demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.