Oil

Oil & Gas Trade

North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil

The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.

Chevron Partners with Clean Energy On Adopt-A-Port Initiative to Supply Renewable Natural Gas for Port Trucks

Chevron is working with Clean-Energy Fuels, a California-based natural gas retailer, on the Truck-A-Port project.

Oil & Gas Trade

US Refiners Ramp Up Crude Imports from Mexico to 8-Year High

US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country…

Crude Oil

US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA

US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.

Oil & Gas Trade

Berkshire Hathaway Strikes $10bn Deal with Dominion Energy for Natural Gas Assets

It announced the cancellation of a multi-billion-dollar natural gas pipeline joint venture with Duke Energy.

Oil Price

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021

Italy's Eni lowered its long-term oil price assumptions on Tuesday.

Biomass Power Plant

Valmet to Deliver Biofuel Feeding System to Cikarang Listrindo Indonesia

Valmet will supply a new biomass fuel feeding system for one of the circulating fluidized bed boilers owned and operated by PT.

Oil Price

Oil Price Crash Causes Major Recession In Russia

The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the m…

China Energy

Sinopec's Tianjin Terminal Takes More LNG in 1H 2020

China's state-owned Sinopec received more LNG cargoes at its 6mn t/yr Tianjin LNG import terminal in northern China during the first six months of this year com…

Crude Oil

Libya Needs Months to Restore Output: Sanalla

Libya's crude production will take months to return to near the 1.22mn b/d achieved prior to blockades that froze all of the country's onshore crude output in J…

Oil&Gas Drilling

Africa Energy to Spud Luiperd-1 in September

Africa Energy Corp. has announced that the Odfjell Deepsea Stavanger semi-submersible rig has departed Bergen.

Oil & Gas Trade

Dominion Energy Sells Natural Gas Assets for $9.7bn

Dominion Energy has agreed to sell its natural gas assets for $9.7bn, the US-based power company announced on Sunday.

Market Analysis

Who Will Get Full Control Of Libya’s Oil Riches?

Major alliances such as NATO and the European Union mean nothing in this conflict.

LNG

Japan Bets Big on Mozambique Liquefied Natural Gas

The money will fund the development of a gas field in the African country to produce some 12 million tons of LNG annually.

Oil&Gas Drilling

Eni Makes New Gas Discovery off Egypt

Eni announced that it had successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta.