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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
Energy Security
15-11-2021
Residents to be Evacuated After Oil Refinery Tank on Fire in Indonesia's Central Java
An oil refinery tank in Indonesia's Central Java province caught fire on Saturday night, and residents living around the facility would be evacuated as firefighters were battling the blaze.
Oil Field
15-11-2021
Vietsovpetro Puts New Generation Unmanned Mini Oil Rig Into Operation
The Vietnam-Russia oil and gas joint venture Vietsovpetro has put its new generation unmanned mini oil rig BK-18A into operation.
Natural Gas
14-11-2021
Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe
The threat of Belarusian leader Alexander Lukashenko to cut off transit gas supply from Russia to Europe has not been coordinated with Moscow.
Crude Oil
13-11-2021
OPEC Cuts 2021 Global Oil Demand Forecast Again
OPEC revised down its forecast by 160,000 bpd
Natural Gas
12-11-2021
At COP26, GECF Reminds the World “Energy for All” Achievable with Natural Gas
The Gas Exporting Countries Forum, the global platform of the leading gas producing nations, has urged the international community gathered in Glasgow.
Oil Refinery
12-11-2021
CITIC Construction Wins bid Worth 5.7 bln USD in Iraq
CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Project in Iraq, with a total contract value of 5.7 billion U.S. dollars.
Oil Field
12-11-2021
Norway’s Johan Sverdrup to Restart After Power Glitch
Norway's state-controlled Equinor is working to restart production from the giant Johan Sverdrup oil field in the North Sea after it was shut down earlier today because of a power supply issue.
Natural Gas
12-11-2021
Ukraine may Struggle to Rebuild Gas Stocks Next Summer
Ukraine may require gas imports through routes other than Slovakia if it is to bring its stocks in line with recent-year averages by the start of the 2022-23 winter.
OPEC
12-11-2021
Opec Maintains 2022 Outlook and Expects Oil Demand to Surge Above Pre-Covid Levels
Based in Vienna, the group trimmed its outlook for 2021 owing to slower-than-anticipated demand from China and India
Oil & Gas Supply
12-11-2021
Wales Pledges to Put an End to Licensed Oil and Gas Production
Wales has joined an alliance led by Denmark and Costa Rica pledging to stop licensing oil and gas production
Oil Price
11-11-2021
Oil Prices Plunge into Close, Roiled by Inflation Fears
Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge in inflation.
Crude Oil
11-11-2021
Eni Plans First Oil and Gas from Giant Cote d'Ivoire Find as Early as 2023 as more Blocks put on Offer
Italian energy major Eni plans to start oil and gas production from the giant Baleine discovery offshore Cote d'Ivoire as early as 2023 as the country put 32 more blocks up for offer to investors.
Russian Federation
11-11-2021
Russian Oil And Gas Discoveries Plunge To Five-Year Low
Russia’s oil and gas discoveries fell to the lowest in five years in the first half of 2021, after last year’s crisis resulted in steep cuts in capital expenditures for exploration.
LNG Carrier
10-11-2021
Qatar Places First Batch of LNG Carrier Orders with Korean Shipbuilders
Qatar has placed the first batch of liquefied natural gas carrier orders with Korean shipbuilders.
Oil Price
10-11-2021
Opec+ Production Shortfall Widened in October
The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming countries were appealing for more crude.
Oil Price
09-11-2021
Shale Operators Stay the Course Despite Oil Price Rally
After spending a year heeding investor calls for prudence, independent US shale producers are in no rush to use windfalls from surging oil prices to ramp up output.
Oil&Gas Drilling
09-11-2021
Japanese Jack-up Rig Begins Vietnamese Drilling Job
Subcontracted by PetroVietnam, a Japan Drilling Company-owned jack-up rig has started drilling operations in waters offshore Vietnam.
Oil Refinery
09-11-2021
Samsung Engineering Starts Shipping Modules for Dos Bocas New Refinery Project in Mexico
Samsung Engineering announced on Nov. 8 that it has started shipping modules to be used for the Dos Bocas New Refinery project in Mexico.
Oil Field
08-11-2021
Senex Energy to Buy 2 Undeveloped Gas Fields From APLNG for A$80 Million
Senex Energy Ltd. said it intends to recommend an improved offer from South Korea's Posco International Corp. that values its equity at 852.1 million Australian dollars.
Crude Oil
08-11-2021
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco raised the official selling price for its crude.
Oil Price
08-11-2021
Soaring Oil Prices Could Push for Clean Energy Faster
Oil prices have hit over $80 a barrel and a seven-year high, and with economies pushing through pandemic recovery and a good portion of the Northern Hemisphere facing natural gas price spikes already.
Natural Gas
08-11-2021
Biden Admin Considering Shutting Down Another Pipeline, Drawing Criticism and Dire Warnings As Winter Nears
The Biden administration's energy policies have drawn criticism as gas prices surge heading into the winter months
LNG
06-11-2021
EIA: US LNG Exports Climb Week Over Week
Energy Information Administration weekly report shows that LNG exports from the U.S. climbed this week, with Henry Hub prices going down.
Crude Oil
06-11-2021
Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says
U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his request to increase crude production faster, said Energy Secretary Jennifer Granholm.
Oil & Gas Trade
06-11-2021
Shell Resumes Oil Exports at Mars and Ursa in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143“A” facility.
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