Oil

Energy Security

Rush to Contain Large Oil Spill in Gulf of Mexico After Storm Ida

Clean-up crews and the US Coast Guard are trying to locate the source of an oil spill spotted in the Gulf of Mexico after deadly Hurricane Ida.

Crude Oil

Nigeria Struggles to Meet OPEC’s Crude Oil Quota

Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum …

LNG

China’s Zhenhua Oil Seeks Tie-up with Local Firm for First Gas Terminal

China’s Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first i…

LNG

Petronet Looks to Make Foray into Petrochemical Business, Plans LNG Terminal in Odisha

Petronet, which owns and operates to terminals at Dahej and Kochi in Kerala for import of super-cooled gas in ships, is also looking at setting up a floating te…

Oil Field

Mubadala Petroleum Finalises $1bn Deal for 22% Stake in Israel's Tamar Gas Field​​​​​​​​​​

The company already operates in the Eastern Mediterranean within the Zohr gas field

Oil & Gas Supply

Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd

The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and…

Oil & Gas Trade

India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project

A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company…

Oil & Gas Trade

Abu Dhabi’s Taqa Looks to Sell UK, Dutch Oil and Gas Assets

Abu Dhabi National Energy Co. has begun a process to sell its oil and gas assets in the Netherlands and the UK, according to documents seen by Bloomberg.

Oil&Gas Drilling

Democrats Close in on Drilling, Mining Bans for Biden’s $3.5T Infrastructure Scheme

Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday

Crude Oil

Russia’s Oil Production To Drop By Just 1% This Year

Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement.

Crude Oil

China’s CNPC Looks To Revive Oil Projects In Venezuela

The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign c…

Oil Exploration

Shell Takes Operatorship in Blocks off South Africa

Impact Oil & Gas entered into the agreement with Shell for the farm-out of the South African exploration right back in November 2020.

Crude Oil

Oil Rises After Opec+ Agrees to more Supply

Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022

OPEC

OPEC+ Ignores Biden, Keeps Output Plans Unchanged

The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.

Oil Exploration

Israel Stops Onshore Oil Exploration Permits

Israel will no longer issue onshore oil exploration permits, Energy Minister Karine Elharrar said this week