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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Oil Price
26-12-2022
Azerbaijani Oil Prices Increase
The price of Azeri LT CIF Augusta grew by $0.12 on December 23 compared to the previous price, amounting to $87.34 per barrel, Trend reports referring to the source from the country's oil and gas market.The price of Azeri LT FOB Ceyhan amounted to
Natural Gas
26-12-2022
Storm Cuts U.S. Oil, Gas, Power Output, Sending Prices Higher
A driver makes their way through a flooded street at high tide during a winter storm in Gloucester, Massachusetts, U.S., December 23, 2022. REUTERS/Brian SnyderDec 23 (Reuters) - Frigid cold and blowing winds on Friday knocked out power and cut energy pro
Oil Price
26-12-2022
Algeria Sets Reference Price For Oil At $60 Barrel Through 2023/2025 -APS
Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. REUTERS/Ramzi BoudinaDec 25 (Reuters) - Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state news agency (APS) said on Sunday, citing the 2023 budget
Natural Gas
26-12-2022
Russia Ready to Resume Gas Supplies to Europe Via Yamal-Europe Pipeline -Novak
Model of natural gas pipeline, EU and Russia flags, July 18, 2022. REUTERS/Dado Ruvic/IllustrationDec 25 (Reuters) - Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told sta
Oil Price
23-12-2022
Oil Falls By $1/bbl As Rate Hike Fears Outweigh Tighter U.S. Stockpiles
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/StringerNEW YORK, Dec 22 (Reuters) - Oil fell by around $1 a barrel on Thursday in volatile trade as the impac
Oil & Gas Trade
22-12-2022
New Petrobras’ FPSO Begins Production
Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected start of production in 2023.Photo: Felipe Gaspar/ Source: PetrobrasThe P-71 platform vessel start
Natural Gas
22-12-2022
Eni Scores Gas God Off Cyprus
The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.Picture shows; The Tungsten Explorer. Unknown. Supplied by Vantage Drilling Date; UnknownTotalE
Natural Gas
22-12-2022
Putin Oversees Launch Of Siberian Gas Field Feeding Pipeline To China
Russian President Vladimir Putin takes part in a ceremony launching production at the Kovykta gas field, which will feed into the Power of Siberia pipeline carrying Russian gas to China, via a video link with head of Gazprom Alexei Miller in Moscow, Russi
LNG Carrier
22-12-2022
Svanehøj Bags Cargo Pump Order For LNG-/LBG-fueled Tankers
Marine pump specialist Svanehøj marks the end of a remarkable 2022 with a significant order of 98 electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear.Swedish Furetank A
Oil Price
22-12-2022
Oil Prices Rise Over $2 On Drawdown In U.S. Crude Stocks
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantHOUSTON, Dec 21 (Reuters) - Oil prices rose by more than $2 a barrel on Wednesday after data showed a large
Natural Gas
21-12-2022
CRE Announced The Expiry Of Several LPG Licenses.
In accordance with Article 55, Part 1 (b) of the Hydrocarbon Act, the regulatory authority of the Energy Regulatory Commission (CRE) approved an agreement to invalidate 68 licenses for various liquefied petroleum gas (LP gas) activities.When submitting th
Oil Pipeline
21-12-2022
TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, U.S., December 9, 2022. REUTERS/Drone BaseDec 20 (Reuters) - TC Ene
LNG
21-12-2022
U.S. Allows Sempra To Re-export LNG From Mexico
Sempra Energy headquarters is pictured in downtown San Diego, California, U.S., May 17, 2018. REUTERS/Mike BlakeWASHINGTON, Dec 20 (Reuters) - The U.S. Energy Department on Tuesday approved permits for Sempra Energy (SRE.N) to send U.S. natural gas to Mex
Oil & Gas Supply
21-12-2022
European Gas Shortages To Keep Wholesale Prices High This Winter And Next
New modelling from Cornwall Insight included in our report - ‘Another winter of discontent?’ - has shown wholesale gas prices this December have more than doubled since November and are significantly higher than this time last year. Th
Oil Price
20-12-2022
Oil Prices sSteady Amid Rising Covid-19 Cases In Top Crude Importer China
The US said it would replenish its Strategic Petroleum Reserve, starting with a purchase of 3 million barrels of crude. ReutersOil prices were steady on Tuesday as investors weighed positive economic data from Germany and rising Covid-19 cases in China, t
Oil Exploration
20-12-2022
QatarEnergy, TotalEnergies And Petronas Win Offshore Exploration Block In Brazil
A consortium of three oil and gas giants – Qatar’s QatarEnergy, France’s TotalEnergies, and Malaysia’s Petronas – have been awarded an offshore exploration block during the first cycle of Brazil’
Oil&Gas Drilling
20-12-2022
Rig Workers Evacuated Following Issue On Noble Jack-up
Offshore drilling contractor Noble Corporation has evacuated all rig personnel after an issue was found on one of the legs of a Noble Corporation-owned jack-up rig.Noble disclosed late on Friday, 16 December 2022 that the Noble Regina Allen jack-up rig ex
Crude Oil
20-12-2022
Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantNEW YORK, Dec 19 (Reuters) - Oil prices rose on Monday, as optimism around China relaxing its COVID-19 rest
Natural Gas
20-12-2022
EU Countries Agree Gas Price Cap To Contain Energy Crisis
BRUSSELS, Dec 19 (Reuters) - European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.The cap is the 27-country EU'
United Kingdom
19-12-2022
Investors Ramp Up Pressure On Big Oil Firms To Set 2030 Climate Targets
Shell's Brent Delta oil platform is towed into Hartlepool, Britain May 2, 2017. REUTERS/Darren StaplesLONDON, Dec 19 (Reuters) - A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad
Oil Field
19-12-2022
Fire Under Control At Unit Of Siberian Oil And Gas Condensate Field
MOSCOW, Dec 18 (Reuters) - A unit at an oil and gas condensate Markovskoye (Markovsky) field in Russia's Irkutsk region in Siberia caught fire over an area of about 1,000 square metres, but the blaze was brought under control, emergency services s
Natural Gas
19-12-2022
Egypt Discovers Large Gas Field in Mediterranean, Minister says
Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla attends a session at the Egypt's 5th Petroleum Show "EGYPS 2022" at the capital city of Cairo, Egypt, February 14, 2022. REUTERS/Amr Abdallah DalshCAIRO, Dec 15 (
Oil Price
19-12-2022
EU Considers Lower Gas Price Cap In Hunt For Monday Deal
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, September 28, 2022. REUTERS/Yves HermanBRUSSELS, Dec 18 (Reuters) - European Union countries are considering a proposal to cap gas prices at lower levels than sugges
Oil & Gas Trade
19-12-2022
China's November Diesel, Gasoline Exports Jump To Highest In Over A Year
SINGAPORE, Dec 18 (Reuters) - China's diesel and gasoline exports continued to surge in November, hitting their highest levels since June and May 2021 respectively, as refiners dashed to use up their 2022 export quotas and sell down rising invento
Crude Oil
19-12-2022
OQ Completes Work On Ras Markaz Crude Storage Terminal
Image courtesy: ONAOman-based OQ, a global integrated energy group, has completed the basic construction works of Ras Markaz crude oil storage terminal whose storage capacity is about 26.7 million barrels.This oil storage and export project, carried out b
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TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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