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Oil
Solar Power Plant
Total Buys 3.3GW Solar Portfolio and Signs World’s Largest Corporate PPA
Oil major Total has acquired a 3.3-gigawatt solar project pipeline in Spain and will be the offtaker for 3 GW, enough to power its European operations.
Crude Oil
With 41m Barrels, Gabon’s Oil Pproduction Appreciated by 3% in H1 2020
Gabon has produced 41 million barrels of oil to the 1 st half of 2020.
Energy Investment
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
LNG
China to Build Country's Largest LNG Reserve Base
China is building its largest liquefied natural gas reserve base in its eastern Jiangsu province.
Oil Pipeline
PipeChina Signs Gas Grid Pact with Southern Guangdong Province
Southern Guangdong became the first province to transfer its natural gas pipeline network to China's newly formed oil and gas pipeline giant PipeChina.
Oil & Gas Trade
Iraqi Oil Ministry Denies Deal to Up Oil Exports
Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increas…
Oil & Gas Trade
Nigeria's Oil Sales Revenue Plummeted 75% in July
Data from the Nigerian National Petroleum Corporation showed that Nigeria’s oil sales revenue in July was 55.29 million US dollars, a decrease of 75% from the …
Oil Field
Shell Looks to Sell off Stake in Philippines Gas Field
Shell is looking to sell its 45pc stake in the Philippines' Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
Crude Oil
Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021
Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.
Market Analysis
ConocoPhillips Sees Global Oil Demand Returning, Executive Says
U.S. oil producer ConocoPhillips COP.N sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the en…
Oil & Gas Trade
Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint
The Islamic Revolution Guards Corps of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of …
Oil&Gas Drilling
KrisEnergy Gets Funding to Bring Cambodia Offshore Project Online
KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.
China
China's First Domestic-Support Deepwater Oilfield Cluster Begins Production
China's first domestic-support deepwater oil and gas project, Liuhua 16-2 offshore oil fields cluster, has started operation after 30 months of construction. …
Crude Oil
EIA Sees Global Oil Market Balancing By End-2021
The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of…
Mexico
Mexico May Delay Energy Reform
Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up state…
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