Oil

Oil & Gas Trade

Iran Prepares For Oil Export Boost

Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations wi…

Crude Oil

Denmark to End Oil Production in 2050

The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.

Hydrogen Project

Equinor Joins 10GW Shell-led Offshore-Wind-to-Green-Hydrogen Project

Oil major Equinor has joined Europe’s largest green hydrogen project, NortH2, which aims to produce one million tonnes of the zero-carbon gas annually using at…

Oil&Gas Drilling

ONGC Gains 5% As Overseas Arm Discovers Oil in Colombia

In a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia.

Crude Oil

Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021

The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel…

Crude Oil

Fitch Sees Brent At $45 Next Year

Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…

OPEC

Kazakhstan Supports Consensus in OPEC+ Agreement

The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconferen…

Oil&Gas Drilling

Denmark to End Oil and Gas Era in 2050

The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of…

LNG

Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand

Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers face…

Oil & Gas Trade

Japan's Inpex Signs Gas Sales Agreement with Indonesia Gas Utility

A memorandum of understanding was signed between Inpex Masela Ltd and PT Perusahaan Gas Negara.

Kazakhstan

Kazakhstan to Create Oil and Gas Engineering Development International Centre

An International Center for the Development of Oil and Gas Engineering will be created in Kazakhstan, the office of the Kazakh prime minister said on December 1…

Crude Oil

Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry

The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."

Oil Field

ExxonMobil in Negotiations to Acquire Stake in India’s Oil and Gas Fields

US oil major ExxonMobil is reportedly in talks to acquire a stake in India’s producing oil and gas fields.

Oil & Gas Trade

Alaska’s Oil Exports Double Amid Strong Chinese Demand

While demand from U.S. West Coast refiners has been subdued, overall Chinese crude oil imports have held strong during the COVID-19 wave in China early this yea…

LNG

Australia’s LNG Exports at Nine-Month High

Australia's LNG exports rose to a nine-month high of 7.04mn t in October, driven by record shipments from the Queensland port of Gladstone.