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Oil & Gas
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Oil Field
07-12-2021
Shell Pulls Out of Cambo Oilfield
SHELL has pulled out of the Cambo oilfield project, saying that the economic case for investment isn’t strong enough.
Oil Field
07-12-2021
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom of Saudi Arabia.
LNG
07-12-2021
Energy Regulator approves five LNG Storage Licences for DNG Energy
The Energy Regulator has approved five site licences for the importation and storage of liquefied natural gas (LNG) by black-owned energy company DNG Energy.
LNG
06-12-2021
Korea Shipbuilders Win 91% of Global LNG Carrier Orders in Jan.-Nov. Period
Korean shipbuilders won 91 percent of the global orders for liquefied natural gas carriers in the January-November period of 2021.
Oil & Gas Trade
05-12-2021
Iran Delivers Fourth Crude Condensate Cargo To Venezuela
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year.
Oil Price
05-12-2021
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next month.
Oil & Gas Trade
03-12-2021
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dollars.
Crude Oil
03-12-2021
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction of oil prices, Reuters reported, citing Deputy Energy Secretary David Turk.
Crude Oil
03-12-2021
Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties
The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned
Crude Oil
03-12-2021
Acelen to Boost Runs at Newly Acquired Brazil Refinery
Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the country's thirsty northeast region.
Crude Oil
03-12-2021
Production Starts at Angola’s Clov 2 Oil Project
Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African country in the space of a week.
Natural Gas
03-12-2021
Australian LNG Exports Hit Record High in October
The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.
Oil&Gas Drilling
03-12-2021
TotalEnergies Spuds Namibian Ultra-Deepwater Well
French energy major TotalEnergies has started drilling the ultra-deepwater Venus-1X exploration well located offshore Namibia, using a Maersk Drilling-owned drillship.
Natural Gas
03-12-2021
Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia
Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.
Natural Gas
02-12-2021
Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run oil company Aramco.
Crude Oil
02-12-2021
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Natural Gas
01-12-2021
Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand
Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid a global shortage of the heating fuel.
Crude Oil
01-12-2021
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Oil Price
01-12-2021
Oil Prices Projected To Hit $125 In 2022
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
Natural Gas
01-12-2021
Sound Energy Enters Gas Sales Agreement for Morocco’s Phase 2 Tendrara Development
The agreement covers the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10-year period.
Natural Gas
01-12-2021
Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says
The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.
Coal Gasification
30-11-2021
China’s Longest Coal-Bed Methane Pipeline Completes, Adding New Momentum to Natural Gas Supply
The Shanxi-Hebei section of the coal-bed methane pipeline starts from Lüliang in Shanxi and reaches Hengshui in Hebei, spanning a total length of 548.95 kilometers and a total capacity of 5 billion cubic meters per year.
United States
30-11-2021
More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.5 billion to its backlog in the period after the end of the third quarter of 2021.
CNOOC
30-11-2021
CNOOC Fires up Buzzard Expansion Project in North Sea
Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Oil & Gas Trade
30-11-2021
Iran Signs Gas Swap Deal with Turkmenistan, Azerbaijan
Iran has signed a tripartite agreement with neighbours Azerbaijan and Turkmenistan to facilitate the movement of gas between the two countries.
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