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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
05-11-2021
BP Says Global Oil Demand has Passed 100 million Barrels per day
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc.
Oil Pipeline
05-11-2021
Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch
The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come too late to ease the gas shortages in Europe this winter season.
Crude Oil
05-11-2021
CNOOC Gives Green Light to Uganda Crude Project
China's state-controlled CNOOC has taken a final investment decision on the Kingfisher crude project in Uganda.
Natural Gas
05-11-2021
Ukraine Plans Gas Measure Change from May 2022
Ukraine's parliament has supported a revised bill requiring gas reporting to be measured in energy units rather than volumetric space, with effect from May 2022.
Oil & Gas Supply
05-11-2021
Opec+ JMMC Recommends Sticking to Output Policy
The Opec+ Joint Ministerial Monitoring Committee is recommending sticking to a 400,000 b/d combined crude quota increase for December, two delegates said, even as external pressure mounts for the group to boost output further.
Crude Oil
05-11-2021
Oil Exporters to See Large Surpluses in 2021 and 2022 Amid Higher Crude Prices
Prices are also up because of underinvestment in the sector, which led to tighter supply
Natural Gas
04-11-2021
South Korea Cuts Price of Domestic Natural Gas for Hydrogen Production by 25%
South Korea has cut the domestic price of natural gas used to make hydrogen by 25% to help lower hydrogen production costs in a bid to boost hydrogen consumption and LNG demand.
Oil Price
04-11-2021
LNG Prices Soar To New Record In China
There is one recurring problem with central planning: the greater the level of intervention, the worse and more widespread the unexpected adverse consequences.
Oil Exploration
04-11-2021
Empyrean Gearing up to Drill ‘First Exciting Exploration Well in China’
Oil and gas company Empyrean Energy has made significant operational progress towards spudding the LH 17-2-1 exploration well at the Jade prospect on Block 29/11, offshore China, in December 2021.
Oil Price
04-11-2021
Opec+ Set to Meet Amid Calls for Lower Prices as Oil Hits Multi-Year Highs
Crude prices have surged in recent months as economies reopen after months of lockdowns
Uganda
03-11-2021
Uganda Counts on TotalEnergies, CNOOC to Create New African Oil Hub
Ugandan President Yoweri Museveni is counting on TotalEnergies SE and CNOOC Ltd. to produce oil from its fields in four years, laying the foundation for a new regional fuel hub.
Crude Oil
03-11-2021
OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October
OPEC+ added just 140,000 barrels daily of crude oil last month
Natural Gas
03-11-2021
POSCO International to Explore Gas Field in Malaysia
POSCO International will explore natural gas mines in Malaysia.
Natural Gas
03-11-2021
Gazprom's Gas Production Rises in October
Russia's state-controlled Gazprom boosted gas production in October, despite exports slowing.
Oil Exploration
02-11-2021
Equinor Makes Iits 6th Norwegian Oil Discovery of 2021
Equinor EQNR.OL has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway.
Crude Oil
02-11-2021
OPEC Rejects Biden’s Call for More Oil
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices.
Oil Price
02-11-2021
Bank of America Expects $120 Oil by June 2022
Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022.
Oil Price
02-11-2021
Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on substantially higher crude oil prices.
Crude Oil
02-11-2021
Iraqi Crude Exports Inch up in October
Iraqi crude exports marketed by state-owned Somo edged up in October, according to preliminary figures from the country's oil ministry.
Oil Field
01-11-2021
Serica Announces Delay of Columbus Production Start-up
UK oil and gas company Serica Energy has confirmed the start-up of production at its Columbus field located in the Central North Sea will be delayed.
Oil Price
01-11-2021
UAE Petrol Prices to Rise in November
Motorists across the Emirates will face a further increase for both petrol and diesel
Oil Refinery
01-11-2021
Oman’s 230,000 b/d Duqm Refinery Set for 1Q23 Start-up
Oman's 230,000 b/d Duqm refinery project is now 87pc complete and is on course to be commissioned in the first quarter of 2023
Oil Price
01-11-2021
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east of Suez.
Natural Gas
31-10-2021
Chariot Partners with Mystery Group for Gas Project Offshore Morocco
Africa-focused energy company Chariot has signed a memorandum of understanding (MOU) with an undisclosed energy group to unlock the Anchois gas development potential, offshore Morocco.
Oil Refinery
30-10-2021
Petrofac Secures Lithuanian Refinery EPC Project
Petrofac announces it has been awarded an Engineering, Procurement and Construction contract, valued at around EUR550 million, from PC ORLEN Lietuva to support a comprehensive modernisation, environmental upgrade, and expansi
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