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Oil
Oil & Gas Trade
Kuwait and Saudi Arabia Start Work to Resume Oil Output from Khafji – Sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with ini…
LNG
Nigeria Inks Major LNG Deals with Global Oil Giants
Nigeria has signed a major gas expansion deal, a much-needed collaboration with oil majors that Nigeria LNG said would boost its liquefied natural gas output by…
Oil & Gas Trade
South Sudan Welcomes Russian Firms To Its Oil, Gas Sector
South Sudan believes that Russian companies can help it to develop its oil, natural gas, and refining industries, the foreign minister of the small African oil …
Oil & Gas Trade
U.S. Lifts Iran Sanctions on One Unit of Chinese Shipping Giant COSCO
The U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks w…
Oil Price
U.S. To Become Net Oil Exporter This Year: EIA
The United States will become a net oil and oil product exporter this year thanks to continued growth in production combined with slacker domestic demand, the E…
Market Analysis
Shell's Oil and Gas Reserve Life Drops for Sixth Year in a Row
The number of years of production left in Royal Dutch Shell's oil and gas reserves fell for the sixth year in a row in 2019 to below eight.
MHPS Supplying Steam Turbine Power Plant
Mitsubishi Hitachi Power Systems (MHPS) has received an order for a steam turbine power plant for a natural gas and oil-fired power plant in Cartagena, a major …
Oil&Gas Drilling
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
Exxon Mobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks afte…
Oil & Gas Trade
Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets
Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…
Oil and Gas Technology
Portuguese Tech Institute to Produce Advanced Biofuels From Tree-Pruning-waste
A project to use the waste from pruning vines and fruit trees to produce advanced biofuel is being developed at the BLC3 Campus of Technology and Innovation in …
Solar Power Plant
Oil Giant Total Links with Finance Group for Wind and Solar
Total sold a half share in a French onshore wind and solar portfolio to finance group Banque des Territoires, in a deal the oil and gas major said creates a bas…
Oil & Gas Trade
Libya Says Oil Output May Almost Fully Halt Within Days
Libya’s oil output could be days from coming to a complete halt as conflict in the OPEC nation puts the country’s most vital industry at risk, the nation’s t…
What does India’s Energy Outlook Look Like for 2020?
India's total renewable energy capacity was 131 gigawatts (GW) in 2019, but it has set a target of reaching 275GW by 2027.
Oil & Gas Trade
Oil Falls Below $61, Heading for Weekly Loss on China Virus Concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread.
Oil&Gas Drilling
Libya Says Oil Shutdown Caused Over $255 Million in Losses
The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the co…
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