Oil

Oil & Gas Trade

China Opens Oil and Gas Exploration to Foreign Firms

China will allow foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday (Jan 9) as a "major …

Dubai's Logistics Firm Tristar Buys Land in Oman's Duqm Port to Expand Operations

Dubai's Tristar Group, an oil and gas sector-focused logistics company, acquired more than 11,000 square metres of land in Oman’s Duqm port as it expands its o…

Oil&Gas Drilling

Woodside Gets Green Light for $6 Billion Senegal Oil Project

Australian oil and gas producer Woodside has won approval from the Senegalese government to develop the nation's first oil project, clearing the way for final i…

Oil & Gas Trade

Mozambique Signs Gas Importation Agreement for Beluluane Gas-Fired Power Plant

Mozambique has signed an agreement deal with France to import liquefied natural gas (LNG) that will be needed for a major gas-fired power station planned for Be…

Oil Price

Oil Prices Plunge after Trump Downplays Iran Attack

Oil prices plunged on Wednesday, reversing the spike in overnight trading after U.S. President Donald Trump downplayed Iran's missile attack against U.S. forces…

Brazil Working on Policy to Smooth Impact of Oil Price Spikes -Minister

Brazil’s government is working on a policy to reduce the local impact of spikes in international oil prices, Mines and Energy Minister Bento Albuquerque told r…

Apache Shares Jump 27% on Major Discovery in Suriname with Total

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apach…

Oil&Gas Drilling

Talos Targeting 2023 for First Oil from Zama Offshore Mexico

Talos Energy has detailed results of Netherland Sewell’s (NSAI) contingent resource evaluation of the Zama oil discovery in block 7 offshore Mexico.

Oil & Gas Trade

Russia Begins TurkStream Gas Flows to Greece, North Macedonia

Russia has started European gas deliveries through the new TurkStream pipeline to Turkey, Bulgaria’s Bulgartransgaz said on Sunday, as Moscow looks to reduce s…

Crude

Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian genera…

LNG

Qatar Petroleum and Kuwait Petroleum Corporation Sign Agreement to Supply 3 Million Tons of LNG

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per annum of …

The Six Paradoxes Slowing Down The Energy Transition

It is not just the fact that certain economies, such as Russia or Norway, are highly dependent on oil & gas revenues, it is also the choices and approaches that…

Oil Falls As Middle East Anxieties Ebb for Now

The front-month contract for Brent crude North Sea oil was last seen down USD 0.73 at USD 68.18/bbl – off Monday’s three-month high – while the WTI equivalen…

Oil & Gas Trade

Oil Buyers Fear Iraqi Supply Hit, in Spillover from Iran Crisis

Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their …

LNG

Australia Officially the World’s Largest Exporter of LNG

Australia has officially become the world’s largest exporter of LNG on an annualised basis.