Oil

Solar Power Plant

OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects

OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic projects to produce renewable electricity for export and for meeting incre…

Oil Price

Canada Energy Minister: Oil Price Recovery will be Gradual

In an interview with Energy Intelligence, Sonya Savage, Energy Minister of Canada's hydrocarbon-rich province of Alberta said, the oil price recovery will be gr…

Oil & Gas Trade

Lukoil´s 1Q Hydrocarbon Production Fell

In the 1st quarter of 2020 Lukoil's daily hydrocarbon production (excluding the West Qurna-2 project) totaled 2,328 thousand boe per day, which is 2.1% lower ye…

Shell Evacuates Foreign Staff From Iraq's Basra Gas Project

Shell (RDSa.L) temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country bu…

CNPC

China's Crude Oil Imports to Rise 2% y/y in 2020

China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, accordi…

Thermal Plant

Bangladesh's 300MW Oil-Fired Plant Bags $199.75 Loans

It’s the first IPP in Bangladesh financed by international commercial financiers.

Oil & Gas Trade

Malaysia's Petronas to Sell LNG to Chinese Firm's Tank Facility

Malaysia’s Petroliam Nasional Bhd [PETR.UL] has signed a deal to supply liquefied natural gas (LNG) to an ISO tank-filling facility owned by China’s Tiger Cle…

Oil Field

U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale

ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…

Oil & Gas Trade

Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels

Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.

Energy Transition

Australia Looks to Big Oil in Latest Plan to Curb Emissions

Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleu…

Oil & Gas Trade

Coronavirus Creates Repair Headache for Oil and Gas Industry

The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems fo…

Oil & Gas Trade

United States bump LNG exports in March

The United States increased the liquefied natural gas (LNG) exports in March with European countries remaining the top customers.

Oil Shale

U.S. Oil Output from Major Shale to Drop in June to Nearly Two-Year Low

U.S. crude production from seven major shale formations is expected to fall by a record 197,000 barrels per day in June to 7.822 million bpd, the U.S. Energy In…

Crude Oil

PetroChina's Dalian Refinery to Resume Operations in Late-June

PetroChina said on Tuesday its subsidiary refinery Dalian Petrochemical Corp, which kicked off an overhaul on April 8, is expected to resume operations in late-…

Oil & Gas Trade

Russia’s Oil Giant Rosneft Quits All Venezuelan Operations

Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oil…