Oil

Oil Pipeline

Pakistan to Start Building LNG Pipeline with Russia in July 2021

Pakistan will start building a 1,100-kilometre pipeline with Russia in July 2021 that will allow the South Asian nation to operate more liquefied natural gas (L…

Oil Pipeline

U.S. Throws Weight Behind Construction of EastMed Gas Pipeline

Greece aims to play an important role in helping Europe diversify its energy resources away from Russia, an objective strongly supported by Washington

LNG

Russia’s Novatek and Siemens Energy ink Deal to Decarbonise LNG Production

As part of the Agreement signed on December 10, Novatek and Siemens Energy will commence implementing a project to replace fuel natural gas used in the producti…

Biomass Power Plant

Punjab Cabinet Approves IOCL's Proposal to Set up Compressed Biogas Plant

The Punjab cabinet on Thursday gave in-principle approval to Indian Oil Corporation Ltd for setting up a compressed biogas plant at the site of closed cooperati…

Oil Price

Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress

Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining de…

Oil & Gas Trade

Putin: Russia Reduces Its Dependence On Oil

Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.

Energy Security

Alaska Environmental Regulator Reports 190-Barrel Oil Spill at Hilcorp site on Cook Inlet

An oil spill at a Hilcorp Alaska facility on the west side of Cook Inlet was discovered Tuesday afternoon, a state environmental regulator said Wednesday.

Crude Oil

Oil Jumps On Crude Inventory Draw

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 1…

Oil & Gas Trade

Egypt And Iraq Sign Landmark Oil Deal

Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed.

Oil Shale

U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA

U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…

Oil & Gas Trade

China's LNG Imports Could Hit Record High in Dec as Demand Bounces Back

The world's second largest LNG importer after Japan is on track to import its highest monthly volumes since December 2019, Refinitiv shiptracking data showed.

Crude Oil

OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts

The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.

Oil&Gas Drilling

Cyprus Natgas Search Rescheduled for late 2021

Natural gas explorations south of Cyprus and near Egypt’s giant offshore gas fields will resume in the latter part of next year with the energy companies invol…

Natural Gas

MODEC Awarded Operations and Maintenance Contract for Sangomar FPSO

Following the FPSO purchase contract which was signed between Woodside and MODEC on 10 January 2020, with respect to the supply of the FPSO, MOSEN will be respo…

LNG

First-Ever LNG Bunkering at Port of Hamilton

A new partnership between the Hamilton-Oshawa Port Authority and REV LNG has enabled marine vessels to refuel with LNG during any stopover at Hamilton Port.