Oil

Oil Field

Lundin Energy Raises Norway's Grieg Oilfield Reserve Estimate

Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17 per cent, and boosted output …

Oil & Gas Trade

Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030

Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around …

Oil Pipeline

Uniper Explores Sale of 20 Per Cent Stake in Opal Gas Pipeline

German energy firm Uniper is exploring a sale of its 20% stake in gas pipeline Opal, which links the Nord Stream 1 pipeline with onshore European grids.

China International Petroleum & Petrochemical Technology & Equipment Exhibition

"The World’s Leading Event for Oil & Gas Industry"

LNG

Vietnam Power Sector's LNG Demand Set to Soar

Demand for LNG from Vietnam's power sector is set to reach 8.5mn t/yr by 2030, the country's industry ministry said today

Nigeria

Nigeria Considers Privatizing Its State Oil Firm

Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) under a draft new petroleum law currently in Parliament for dis…

NAPE Summit Week

"The marketplace for buying, selling and trading of oil and gas prospects and producing properties"

Saudi Arabia Smart Grid Conference & Exhibition

"International exhibition for oil & gas exploration."

LNG

Karpowership Kicks off First Floating LNG-to-Power Project in Indonesia

Turkey’s floating power plant company Karpower International has begun operation on its first LNG-to-Power project offshore Indonesia.

Oil Price

Oil Prices Stuck In Limbo As Uncertainty Mounts

Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year.

Oil&Gas Drilling

U.S. Offshore Rig Count Stable at 14 Units

The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.

Oil&Gas Drilling

Total Moves Tyra Project Into the Next Phase Following Jacket Installation

French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.

Oil Field

Equinor Plans $2 Billion Breidablikk Oilfield Development

Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.

LNG

Chevron Sells More Domestic Gas to Alcoa in Australia

Chevron has signed an agreement to supply a further 37PJ of gas sourced from the three LNG projects located offshore Western Australia to US aluminium group Alc…

Oil & Gas Trade

BPCL Pays for Defaulting Videocon in Brazil Oil Block

State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to ac…