Oil

Crude Oil

U.S. Crude Oil Inventories Decrease by 0.8 million Barrels

U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.

Crude Oil

Kazakhstan will Produce 86 Million Tons of Oil in 2021

According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye…

LNG

GE Makes Deal for Vietnam LNG Project

General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.

SINOPEC

Fitch Affirms Sinopec at ‘A+’; Outlook Stable

Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.

Crude Oil

Marginal Oilfields Output Dips to 1.52mb

Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…

Germany

Oil Dynamics GmbH: Recertified for Quality and Environmental Management

The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.

Carbon Emissions

Norway and CO2 emissions

​Oil nation Norway plans to help fight climate change by capturing and storing Europe’s carbon emissions.

Oil Price

Oil Prices Reach Three Month High on Improving Demand Outlook

Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…

United Arab Emirates

Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.

Oil Field

GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil

The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is…

Saudi Arabia

Saudi Arabia Seeks to Become Top Hydrogen Exporter

The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.

LNG

France: Primagaz Opens the Vern-Sur-Seiche LNG Station

Produced in partnership with Avia, the new Primagaz service station in Vern-sur-Seiche completes a busy year of new sites.

LNG

Qatar Energy Exports Crash By 39%

Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and pr…

BP Sells London HQ for Nearly $332 Million

Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.

Oil & Gas Trade

Algerian Gas Exports to Drop by 4.7%, Energy Minister Says

Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.