Oil

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…

Tanzania

Tanzania’s Petroleum Products Market Sees Sizeable Annual Expansion

The liquefied petroleum gas market registered double-digit growth last year as companies and the sector's regulator foster public awareness campaigns on the ben…

Oil&Gas Drilling

Neptune Makes First Step in Offshore Execution of North Sea project

According to information on Neptune’s website, first oil from the project is expected in 2022.

LNG

Russia's Arctic LNG Project Receives US$9.5 Billion in Financing

International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.

Crude Oil

Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update

Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months …

Oil&Gas Drilling

Stena Drilling Lands Drillship Deal with Repsol in Mexico

Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.

Crude Oil

China Amends Customs Supervision on Crude Oil Imports to Improve Efficiency

Chinese customs said on Tuesday it will amend the way it supervises crude oil imports as part of a broader effort to boost efficiency.

Oil & Gas Trade

India's August Crude Imports Continue Slide as Economy Stalls

India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.

Oil Price

India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel.

Oil Field

CNOOC Starts up Fifth Project off China in 2020

Chinese oil and gas company CNOOC has produced first oil from the Liuhua 16-2 and 20-1 joint development project in the South China Sea.

United Kingdom

The Electrification Of UK Offshore Oil & Gas

The British government has set a goal to reach net zero emissions by 2050.

Oil&Gas Drilling

U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells

The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to avoid picking up their offshore well decommissioning tab when…