Oil

United States

ConocoPhillips Pulls Request for Extension of Flaring Permits at 41 Texas Sites

U.S. oil and gas producer ConocoPhillips withdrew a request to extend flaring permits at 41 of its sites in West Texas.

China

China's National Oil Companies Outline Early Green Energy Plans

China's top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd are working on the following green initiatives.

Oil & Gas Trade

US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo

The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo…

Oil & Gas Trade

Russia's Gazprom Starts LPG Supplies to Crimea Via New Bridge

Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow anne…

Crude Oil

Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021

Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.

Oil Price

Canadian Oil Prices Rise On Pipeline Shutdown

The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the …

LNG

Cyprus Makes A Major Bet On LNG

The discovery of Cyprus’ first gas field, offshore in the Eastern Mediterranean, was reason for celebration in December 2011.

LNG

Shell Builds Fifth LNG Bunkering Station in Germany

Shell, headquartered in The Hague, has built a new liquefied natural gas refueling station in Kirchmüttek, Germany, expanding its LNG refueling network.

LNG

Global LNG Deliveries Stay Low in August

Global LNG deliveries fell on the year for the third consecutive month in August, with southern Europe and Latin America recording the sharpest drops in demand.

Crude Oil

OPEC Production Rises By 950,000 Bpd In August

OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…

Oil Pipeline

Neptune Setting up World’s Longest Heated Production Pipeline

Installation of the world’s longest heated subsea production pipeline is underway in the Norwegian sector of the North Sea.

Oil Field

Husky Energy Nearing Completion of Chinese Gas Project

Canadian oil and gas company Husky Energy is nearing the startup of the Liuhua 29-1 field at the Liwan Gas Project offshore China.

Oil Price

Goldman Expects Oil To Reach $65 Next Year

Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel.

Mexico

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions

Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.

Oil & Gas Trade

Libya Set To Export First Crude From Oil Ports Since January

Two tankers will be the first since January this year to load oil for export at the Libyan port of Brega, citing unidentified source in the know.