Oil

Oil & Gas Trade

China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier

China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s …

Crude Oil

Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d

China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's …

Crude Oil

Libya's NOC Says 300,000 b/d Crude Shut in

Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.

Natural Gas

Petrobras Restarts Production from Brazilian Gas Field Following Pipeline Repairs

After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati …

Crude Oil

Eni Oil Block Expected to Enter Production in Q2 2023, Ivory Coast Says

An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil …

Crude Oil

Libya Considers Bonuses for Oil Companies to Boost Crude Output

Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member t…

Natural Gas

Washington’s Natural Gas Usage Increased in 2020

The 2020 fuel mix report was released this week, and shows that while coal-fired power decreased slightly, the use of natural gas increased.

Natural Gas

High Gas Prices Push up Electricity Cost in EU

Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.

Energy Investment

Australian Resource Investment Rises in 2021

Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…

Natural Gas

Brazil’s Gas Production Grew in November

Available natural gas was up by 8.1pc compared to previous month's levels, according to preliminary data from Brazil's oil and gas regulator ANP.

Crude Oil

Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years

Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.

Oil Field

Malaysia’s Pegaga Field May Start Gas Output in January

Malaysia's state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury …

LNG

Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project

Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President…

Coal-Fired Power Plants

Aalborg CSP Supplies Energy Storage Technology to PTXSALT Plant for Green Conversion of Coal-Fired Plant

Aalborg CSP has received the order to supply its header-coil heat exchanger for steam generation and molten salt circulation system for the Kyoto Group project …

Crude Oil

Oil Prices Rise On Record U.S. Oil Demand

The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.