Oil

Oil&Gas Drilling

UK Government Will Halt Controversial Fracking Because of Earthquake Fears

The announcement comes after a report by the Oil and Gas Authority (OGA) found it is not currently possible to accurately predict the probability or magnitude o…

LNG

Senegal Enters The LNG Race with Significant Offshore Discoveries

At present when it comes to emerging liquefied natural gas (LNG) plays the eyes of the world are on Africa’s eastern coast and the activities around Mozambique…

Big Oil, Big Corn both Blast Trump Biofuel Plan

Corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted the Trump administration’s…

Crude

Russia: US Smuggling Syrian Oil Worth $30 million a Month

Russia has slammed President Donald Trump's plan to deploy troops into Syrian oil fields as “criminal activity,” accusing the US of seeking to smuggle out oil…

Oil Price

Oil Price can Never Get to above $100 per Barrel in Our Lifetime

Speaking as a guest lecturer at the first convocation ceremony of Edo University, Iyamho, Edo State, Emefiele said, “oil price can never get to above $100 per …

Oil&Gas Drilling

Russia’s Oil Output Still Exceeds OPEC+ Cap Even as Gap Narrows

Russia’s average daily oil production remained above its OPEC+ target in October, though the compliance gap is the narrowest since the Druzhba crude-contaminat…

Oil & Gas Trade

Oil Prices Fall As EIA Reports Large Crude Build

Analysts expected a build of 729,000 barrels for last week after a 1.7-million-barrel draw interrupted a string of five weekly inventory builds, which added mor…

Oil & Gas Trade

South Korea's LNG Imports to Fall on New Nuclear, Coal Plants

South Korea’s imports of liquefied natural gas are set to fall over the next five years after reaching record volumes in 2018, squeezed by the start-up of new …

Critics Set to Unload on Trump Administration Biofuel Proposal

Representatives of both the oil and corn industries are poised to sound off against the Trump administration’s proposed biofuels plan for next year during a pu…

Oil & Gas Trade

Denmark Snubs Trump with Approval of Russian Gas Pipe to Europe

In a major boost for Russia's effort to tighten its grip over natural gas supplies to western Europe, Denmark said it will allow the controversial Nord Stream 2…

Electric Vehicle Charging

GS Caltex Partnered with Kia Motors to Expand EV Charging Infrastructure

South Korea’s second-largest oil refiner GS Caltex Corp. making headway in distribution of future fueling has joined hands with Kia Motors Corp. to make more e…

Oil & Gas Trade

BP Eyes Brazil Gas Buildout, May Swap LNG Imports for Domestic Output

BP Plc wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building i…

Crude

Russia Said it’s too Early to Talk about Deeper Output Cuts

Oil held below $56 a barrel after Russia said it’s too early to talk about deeper output cuts, casting doubt on the ability of OPEC and its allies to balance s…

Oil & Gas Trade

South-East Asia may Become Net Fossil Fuel Importer in Coming Years: IEA

Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in…

Supply of transformer oils

Tenders are invited for Supply of transformer oils.