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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 Field
22-11-2021
Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea
Iran and Azerbaijan, members of the OPEC+ alliance, are looking at finalizing "soon" a number of energy deals, including joint development of an oil field in the Caspian Sea, Iranian oil minister Javad Owji said Nov. 21.
Oil Refinery
22-11-2021
Refinery Closures About To Happen In Europe
Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel feedstocks and renewable hydrogen production.
Oil Price
22-11-2021
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
21-11-2021
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
Crude Oil
20-11-2021
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.
Crude Oil
20-11-2021
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Natural Gas
19-11-2021
Lukashenko would not Dare Cut Gas Supplies to EU without Kremlin’s Permission
Belarus’ authoritarian President Alexander Lukashenko threatened to cut gas supplies to Europe transiting his country if the European Union imposed further sanctions in response to the migrant crisis created by Belarus at its border with Poland.
LNG
19-11-2021
South Korea Dominating Global Floating Liquefied Natural Gas Facility Market
South Korea is dominating the global floating liquefied natural gas facility market.
LNG
19-11-2021
Milestone Shipment of LNG will Catalyse Growth of Gas Economy in South Africa
DNG Energy has received South Africa’s first-ever consignment of liquefied natural gas from Rotterdam, Netherlands in a historic moment for the South African energy market.
Natural Gas
19-11-2021
ADNOC Hands Out $1.5 billion in New Deals to Progress Mega Gas Project
UAE’s oil and gas giant ADNOC has awarded two engineering, procurement, and construction contracts totalling $1.46 billion (AED5.36 billion) for the Dalma gas development project.
Natural Gas
19-11-2021
Korea Gas' Oct LNG Sales Rise 16% on year Amid Nuclear Maintenance, Energy Transition
South Korean state-owned Korea Gas Corp.'s LNG sales rose 15.8% year on year to 2.655 million mt in October, a company official said Nov. 18, driven by the shutdown of several nuclear reactors and the country's push to transition toward cleaner fuels.
Oil Pipeline
18-11-2021
Israel Energy Minister Says UAE Oil Pipeline should be Cancelled
Opposition from environmental groups has forced the Israeli government to reconsider one of its biggest deals with the UAE.
Natural Gas
18-11-2021
Bolivia Presides Over the 23rd Ministerial Meeting of the Gas Exporting Countries Forum
Meeting emphasises the importance of joint efforts in the field of natural gas development and energy market stabilisation
Crude Oil
18-11-2021
Japan to Subsidise Refiners to Ease Oil Price Impact
Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.
Crude Oil
17-11-2021
Algerian Crude Exports Hit 26-Month High in October
Exports of Algeria's Saharan Blend crude hit a more than two-year high last month, buoyed by a rise in shipments to the country's core markets in northwest Europe and the Mediterranean.
Oil Pipeline
17-11-2021
Germany Suspends Nord Stream 2 Certification
Natural gas prices at the key European hubs jumped to three-week highs on Tuesday after Germany said it had suspended the process of certification of the Russia-led Nord Stream 2 gas pipeline.
Natural Gas
17-11-2021
U.S. Natural Gas Prices Could Soon Hit $6
Research firm HFI noted that the latest 10-15-day weather forecast is pointing towards colder than usual weather
Crude Oil
16-11-2021
Opec+ Brought Stability to Oil Markets Through Its Policies, Saudi Energy Minister Says
The group delivered ‘more sustainability and more predictability’ to energy markets
Oil Refinery
16-11-2021
IOC's New Refinery Projects to Use 85pc Renewable Power
India's biggest state-controlled refiner IOC said it plans to meet 85pc of the power requirement for new projects at its refineries primarily from renewable sources in the "near future".
Oil Shale
16-11-2021
Exclusive: Exxon Launches Sale of Shale Gas Properties in Texas
Exxon Mobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuffling to focus on more lucrative assets.
Oil&Gas Drilling
16-11-2021
Bambo-1 Well Drilling Commences Offshore The Gambia
FAR Gambia, a wholly-owned subsidiary of FAR Ltd has commenced drilling on the Bambo-1 exploration well in Block A2, offshore The Gambia.
Natural Gas
16-11-2021
Europe Gas Gains As Traders Await Russia’s December Export Plans
European natural gas futures advanced, with traders waiting for more signals from Russia on its export plans for next month.
LNG
16-11-2021
China: Sinopec Signs Long Term LNG Contract With Venture Global
Sinopec and Venture Global LNG have announced the signing of two 20-year Sales and Purchase Agreements for the supply of a total of 4 million tonnes per annum of LNG.
Crude Oil
16-11-2021
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,”
Oil Field
15-11-2021
Lukoil Submits Development Plan for New Iraq Oil Field
Russia's Lukoil has submitted a preliminary development proposal for a new oil field in the south of Iraq, that could eventually see output crude grow to 250,000 b/d, the oil ministry announced.
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