Oil

Oil Field

CNOOC 21/2/16-3 Regional Development Project Put into Production

CNOOC announced that the Luda 21-2/16-3 regional development project has been put into operation.

Oil & Gas Trade

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets

Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.

Oil & Gas Trade

Russia Delivers First Arctic Oil To Key Ally China

Ensuring a leading position in the exploration and development of the Arctic's huge gas deposits has long been a key part of President Vladimir Putin’s overall…

Oil Field

Cooper Energy and Mitsui Commit $55M for Minerva Gas Plant Upgrade

Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoule…

Oil&Gas Drilling

Russia's Gazprom Neft and Shell Launch JV for Hydrocarbon Development

Russian oil producer Gazprom Neft (SIBN.MM) on Tuesday said it had signed an agreement with Shell (RDSa.L) to establish a joint venture to develop a large-scale…

LNG

Total, Exxon Demobilize PNG LNG Expansion Workers Due to COVID-19

Oil and gas companies Total and ExxonMobil have idled workers at the troubled Papua New Guinea LNG expansion project due to the COVID-19 pandemic, project partn…

Oil Field

Chevron to Take over Noble’s Cyprus Gas Field

US energy giant Chevron is taking over Noble Energy for $5 bln in an all-share deal, boosting its shale gas assets at home.

Chevron to Buy Noble Energy in Deal Valued at $5 billion

Oil major Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction…

South Africa

South African LPG Association Name Change Announced

The Liquefied Petroleum Gas Safety Association of South Africa has announced its name change to Liquefied Petroleum Gas Association of South Africa.

Invited for Providing 66kv Radar

Tender are Invited for Providing 66kv Radar - Power Plant with A 230kv / 66kv Transmission Coil Activate - 66kv Power Plant to increase Power

Iran

Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field

Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.

LNG

Pilot LNG Proposes New Texas LNG Bunkering Terminal

Natural gas infrastructure specialist Pilot LNG announced on Friday a new project to construct a dedicated liquefied natural gas bunkering terminal in Texas, U.…

Crude Oil

Virus Surge Dents Oil Demand Recovery Optimism

Jul.19 -- Oil futures are holding steady with an ongoing surge in coronavirus cases in some parts of the U.S. tempering optimism for a demand recovery.

LNG

LNG Markets May Not Recover Until 2021

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020.

Oil & Gas Trade

Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs

Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fi…