Petroleum

Oil Price

India and Saudi Arabia Spar Over Oil Prices

The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near…

Oil & Gas Trade

Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG

China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Pet…

OPEC

Video: OPEC | International Organizations | GA

Learn all about the OPEC (The Organization of the Petroleum Exporting Countries).

Oil Exploration

Qatar Petroleum Joins Guyana’s Offshore Project

State-owned Qatar Petroleum has formally joined Guyana's highly prospective offshore oil projects with the government's approval of its farm-in to two blocks, n…

Oil Field

Equinor Gets Go-Ahead to Drill North Sea Well Duo

Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using t…

Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge

Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.

Crude Oil

OPEC, Allies Agree to Keep Oil Output Steady into April

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.

Crude Oil

PetroSA Merger to Form South African National Petroleum Company

In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…

Carbon Emissions

API Expected To Endorse Carbon Pricing

The American Petroleum Institute is set to unveil a declaration in which it endorses carbon pricing as a means of achieving the goals of the Paris Agreement on …

Oil Exploration

Seven Oil Players Apply for Production Licences off Norway

Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …

Hydrogen Fuel Stations

Sinopec to Build more Hydrogen Refueling Stations

China Petroleum & Chemical Corporation plans to build about 1,000 hydrogen refueling stations and petrol-hydrogen combined stations in the next five years to pr…

Oil & Gas Trade

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive

Qatar Petroleum’s recently set a new record for the largest LNG export project ever.

Oil Exploration

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup

Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drillin…

LNG

Woodside Signs new LNG Supply Deal with Germany’s RWE

Australian independent Woodside Petroleum has signed a seven-year, 840,000 t/yr sales and purchase agreement to sell LNG to the energy trading unit of German ut…

Oil & Gas Trade

U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA

Throughout much of its history, the United States has imported more petroleum than it has exported.