Oil

Several Agreements Signed at US-India Strategic Energy Partnership Ministerial Meeting

They also discussed the possibility of India storing oil in the US Strategic Petroleum Reserve to increase their nation's strategic oil stockpile.

Mozambique

Total Secures $14.9 bn to Finance Mozambique Gas Project

French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.

Norway

Norway’s Oil Industry Is Beginning To Recover

Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate said in its fi…

Crude Oil

Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries

Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next…

China

Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise

Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…

Oil & Gas Trade

Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.

Kazakhstan

Kazakhstan to Fulfil its Obligations Under the OPEC+ Agreement

The ministry recalled that representatives of Kazakhstan told the OPEC+ secretariat that in the first 12 days of May there was an overproduction of oil in the c…

Oil & Gas Trade

U.S. LNG Exports Will Fall to 25%

The average US LNG export volume in June was 3.6 billion cubic feet per day, and the average export volume in July.

Micro Reactor

GE Hitachi Receives Patent for Very Simplified Boiling Water Reactors

US-based GE-Hitachi Nuclear Energy Americas has been assigned a patent developed by three co-inventors for "very simplified boiling water reactors for commercia…

Oil&Gas Drilling

Global Oilfield Services Under Pressure from Oil Price Drop

Exploration-focused oilfield service companies will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expen…

Oil Field

Petrobras Reaches New Production Record at Búzios Field

Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.

Crude Oil

OPEC Adjusts Oil Demand to 8.9 Million bpd for 2020

The Organization of the Petroleum Exporting Countries, yesterday, revised downward its world oil demand in 2020.

Oil & Gas Trade

Venezuela Restarts Gasoline Output At Only Operating Refinery

Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …

Crude Oil

The Middle East Nation Reopening its Doors to Iraqi Oil

It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.

Oil&Gas Drilling

Oil And Gas Drilling Set For A Multi-Decade Low In 2020

The number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.