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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&Gas Drilling
08-11-2022
Biden Says “No More Drilling” at a Rally
“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the crowd about drilling on federal land and in federal waters.
Oil Price
07-11-2022
Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lower.
Natural Gas
07-11-2022
Enbridge Greenlights C$3.6 Billion Gas Pipeline Expansion in Canada
Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion expansion of the southern segment of its British Columbia (B.C.) gas pipeline system after strong demand from customers.
Crude Oil
04-11-2022
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Natural Gas
04-11-2022
Azerbaijan Needs Investment in Order to Boost European Gas Flows
Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.
Natural Gas
04-11-2022
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Crude Oil
04-11-2022
North America Leads $370 Billion Global Push for Oil & Gas Pipelines
Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipelines.
Natural Gas
04-11-2022
Chesapeake Points to Rising Costs in Fastest-Growing U.S. Gas Field
Chesapeake Energy on Wednesday said inflation in the fastest growing U.S. shale gas region could surpass 15% next year, a sign that soaring costs for energy producers are far from abating.
Oil Refinery
03-11-2022
French Refineries Restart After Strike Action
Around 45% of France’s oil refining capacity remains offline following strike action last month, but supply is set to improve as one major refinery is back on stream while another is due to return to full capacity by the end of the week.
Natural Gas
03-11-2022
Nord Stream 1 Operator Says It Found Craters at Damaged Pipeline Site
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found "technogenic craters".
OPEC
03-11-2022
OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey
The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and September.
Oil&Gas Drilling
03-11-2022
ADNOC Awards Record US$4bn in Framework Agreements for IDFS
In a positive move for lower energy cost & low carbon intensive production, contracts have been awarded to ADNOC Drilling, SLB and Halliburton.
LNG
03-11-2022
Mitsubishi Power Partners With Damietta LNG to Enhance Power Supply Reliability and Availability
Mitsubishi Power has signed a long-term service agreement (LTSA) with Egyptian liquefied natural gas (LNG) producer Damietta LNG.
Crude Oil
03-11-2022
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
Natural Gas
02-11-2022
Bp Doubles Profits From Oil and Gas Prices
From July to September the company made $8.2bn
OPEC
02-11-2022
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its help, the alliance of top producers was "only a phone call away".
Crude Oil
01-11-2022
World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops
The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and group chief executive of Adnoc, has said.
Natural Gas
31-10-2022
Germany Set to Attach Conditions to Gas Price 'Brake', Sources Say
The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions.
LNG
30-10-2022
QatarEnergy Names ConocoPhilips Partner for LNG Expansion Project
QatarEnergy's chief executive on Sunday named ConocoPhillips (COP.N) as the third and final partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project.
Oil Field
30-10-2022
Pioneer Natural Resources to Increase Return Targets for Oil Wells
U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boost productivity levels.
Natural Gas
30-10-2022
U.S. Natgas Futures Falls 3% on Mild Weather Forecasts
U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow utilities to inject more gas into storage than usual for at least a few more weeks.
Natural Gas
29-10-2022
European Natural Gas Prices Fall Amid High Storage Levels and Warm Weather
Concerns are growing about the continent's ability to meet 2023 demand as Russian supplies dwindle.
Oil&Gas Drilling
28-10-2022
Indonesia’s Pertamina Starts First Underground Carbon Injection Tests
Indonesia's Pertamina launched its first underground carbon injection tests this week, as the state energy firm seeks to cut carbon emissions while increasing oil output.
LNG
28-10-2022
SG, Japan Ink MOC to Boost LNG Supply Chain
It will augment energy security for the market’s decarbonisation target.
Natural Gas
28-10-2022
Europe’s Gas Use Down in September as High Prices Hit Industry
Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.
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