Oil

Oil & Gas Trade

New Year OPEC+ Meeting to Decide Oil Production Levels

The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.

Oil & Gas Trade

ExxonMobil and Vopak Sign MoU for South Africa’s LNG Feasibility

Affiliates of Exxon Mobil Corporation and Royal Vopak (Vopak) have signed a Memorandum of Understanding to work together on a feasibility study to assess the co…

Oil & Gas Trade

Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq

Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe.

Oil Pipeline

Russia Accelerates Nord Stream 2 Project to Beat U.S. Sanctions

Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas …

Crude Oil

Cambodia Starts First Crude Oil Production After Years of Delays

Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy Ltd and the government, both…

Oil Price

Oil Jumps On Significant Crude Inventory Draw

Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for the week to December 2…

Oil & Gas Trade

Angolan Crude Exports Confirmed Lower in February

The final version of Angola's February crude loading programme sets exports at 1.13mn b/d, down from 1.18mn b/d scheduled for January.

LNG

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas to record rates as a cold spell hitting large pa…

Oil Field

KrisEnergy Starts up Cambodia’s First Offshore Oil Field

KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Block A concession on 28 December 2020.

Oil Field

Lukoil Reaches Oil Output Milestone on North Caspian Sea Fields

Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the N…

Natural Gas

PetroChina to more than Double Sichuan Shale Gas Output by 2025

That will surpass a target set by Sinopec, which led China's shale gas development with the first commercial find at Fuling, also in the Sichuan basin, and whic…

Crude Oil

Video: China's Largest Oil-and-Gas Field Reports Record Output

China's largest oil-and-gas field has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year, hitting a record high.

Crude Oil

Oil Price Rally Fades as OPEC’s Plans Overshadow U.S. Stimulus

A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming n…

Oil&Gas Drilling

Eni: New Oil Discovery and New Production in the Western Desert of Egypt

New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per …

Oil Pipeline

Russian Nord Stream 2 Pipe-Laying Vessel Leaves German Site, Indicating Project Progress

Fortuna was now heading for the north German port of Wismar, the data showed.