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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
Crude Oil
11-01-2022
Libya’s El Sharara Crude Field Poised to Restart
Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.
Oil Field
11-01-2022
Output at Kazakh Tengiz Oil Field Ramping Back up
The Chevron-led Tengizchevroil consortium is gradually restoring production at Kazakhstan's giant Tengiz oil field after civil unrest forced the firm to reduce output by an unspecified amount last week.
Oil Exploration
11-01-2022
Eni Wins Five New Exploration Licences in Egypt
Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – by the Egyptian Ministry of Petroleum.
Oil & Gas Trade
11-01-2022
Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Crude Oil
11-01-2022
China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Natural Gas
11-01-2022
Europe’s Gas Prices Rise On Muted Russian Supply, Cold Weather
Europe’s natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later this week.
Oil Exploration
11-01-2022
Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.
LNG
10-01-2022
First WAGABOX® Landfill Gas to RNG Project in the US Confirmed
Waga Energy is joining forces with Steuben County on a Renewable Natural Gas project at the county’s Bath landfill.
Market Analysis
10-01-2022
GECF and UNESCO Shape Future Plans
During the meeting, the existing stream of collaboration and new areas of cooperation in the months ahead, particularly as the UN embarks on an International Year of Basic Sciences for Sustainable Development in 2022 have been in the spotlight.
Natural Gas
09-01-2022
Groningen 2021-22 Gas Output Estimate Almost Doubled
Gas production from the Netherlands' Groningen field this gas year may have to be almost twice as high as previously expected.
Oil Field
08-01-2022
Equinor Makes Oil Discovery Near Existing Infrastructure in North Sea
Norwegian oil and gas company Equinor has made a new oil discovery, located near the Fram field in the North Sea offshore Norway, and will consider tying it to one of Troll field platforms.
LNG
07-01-2022
US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer
Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021
Crude Oil
07-01-2022
Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maintenance in the east of the country
Oil Price
07-01-2022
Gas Prices Surging in Europe
Increasing concern about Europe's reliance on gas supplies from Russia has led to fears of continued price volatility in the international energy market.
Energy Security
07-01-2022
Chinese Firms' Energy Projects in Kazakhstan Remain Safe: Sources
Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.
Oil Price
07-01-2022
Saudi Arabia Cuts Oil Prices For Asia In February
Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid the rapid spread of Omicron and higher OPEC+ supply to the markets.
Crude Oil
07-01-2022
Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
Oil markets shrug off dip in U.S. gasoline demand
Oil Field
07-01-2022
ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S. supermajor said on Wednesday.
LNG
03-01-2022
South Korea Retires Two Oldest Coal-Fired Power Plants, to Replace with LNG
South Korea has permanently shut its two oldest coal-fired power plants, which will be replaced by new LNG-based ones, in line with President Moon Jae-in's push to reduce the country's reliance on coal in electricity generation and address worsening air p
Oil & Gas Supply
02-01-2022
Russia’s Oil Output to Rise by 5% in 2022
Russia’s deputy prime minister Alexander Novak expects the oil output to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Oil Pipeline
01-01-2022
Putin: Nord Stream 2 Is Loaded With Gas And Ready To Deliver
Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports.
Crude Oil
31-12-2021
High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen
Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.
Oil&Gas Drilling
31-12-2021
Indian State Oil Giant To Significantly Expand Oil Exploration
Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025
Crude Oil
31-12-2021
Saudi Arabia may Set Deep Crude Price Cuts for Asia in February
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this month, industry sources said.
Crude Oil
30-12-2021
Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
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