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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 & Gas Trade
06-09-2021
Syria Says It Welcomes Lebanon's Request to Import Energy
Syria said on Saturday that it welcomed Lebanon’s request to import Egyptian gas for energy generation via its territory after Lebanese ministers made the highest level visit to Damascus in years.
LNG
06-09-2021
Ukraine Seeks to Import LNG from Qatar
Ukraine is seeking to diversify its energy sources by importing liquefied natural gas from Qatar, Ukraine’s energy ministry said.
Oil Exploration
06-09-2021
Indonesia Awards First Oil and Gas Blocks in Two Years
Indonesia has awarded oil and gas blocks to local upstream energy company Energi Mega Persada and Canada's Husky Energy Inc, a senior officialhas announced, in the country's first such tender in nearly two years.
Crude Oil
06-09-2021
Libya can Pump 2 million bpd of Oil by End 2022 Under $1.1bn Spending Plan: Finance Minister
Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, according to Finance Minister Khalid Al-Mabrouk.
Energy Security
06-09-2021
Rush to Contain Large Oil Spill in Gulf of Mexico After Storm Ida
Clean-up crews and the US Coast Guard are trying to locate the source of an oil spill spotted in the Gulf of Mexico after deadly Hurricane Ida.
Crude Oil
06-09-2021
Nigeria Struggles to Meet OPEC’s Crude Oil Quota
Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum Exporting Countries during the month, THISDAY’s investigation revealed yesterday.
LNG
06-09-2021
China’s Zhenhua Oil Seeks Tie-up with Local Firm for First Gas Terminal
China’s Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first import facility the state-run trader will own a stake in.
LNG
05-09-2021
Petronet Looks to Make Foray into Petrochemical Business, Plans LNG Terminal in Odisha
Petronet, which owns and operates to terminals at Dahej and Kochi in Kerala for import of super-cooled gas in ships, is also looking at setting up a floating terminal at Gopalpur port in Odisha.
Oil & Gas Supply
05-09-2021
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and Environmental Enforcement reported.
Crude Oil
03-09-2021
Russia’s Oil Production To Drop By Just 1% This Year
Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement.
Crude Oil
03-09-2021
China’s CNPC Looks To Revive Oil Projects In Venezuela
The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry.
Oil Exploration
03-09-2021
Shell Takes Operatorship in Blocks off South Africa
Impact Oil & Gas entered into the agreement with Shell for the farm-out of the South African exploration right back in November 2020.
Crude Oil
03-09-2021
Oil Rises After Opec+ Agrees to more Supply
Group's joint ministerial monitoring committee expects a surplus of 2.5 million bpd in 2022
OPEC
02-09-2021
OPEC+ Ignores Biden, Keeps Output Plans Unchanged
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements.
Oil Exploration
02-09-2021
Israel Stops Onshore Oil Exploration Permits
Israel will no longer issue onshore oil exploration permits, Energy Minister Karine Elharrar said this week
Market Analysis
02-09-2021
Iraqi Crude Exports up 5pc in August
Iraqi crude exports marketed by state-owned Somo increased by 5pc on the month to 3.05mn b/d in August.
Oil Refinery
02-09-2021
Iraq on Track for Karbala Refinery Start-up Next Year
Iraq is testing power generation systems at its new 140,000 b/d Karbala refinery ahead of start-up next year.
Natural Gas
02-09-2021
Amber Grid to Focus on Green Gas Infrastructure
Gas transmission system operator Amber Grid has announced its operational strategy up to 2030.
Natural Gas
01-09-2021
Natural Gas, Reliable and Affordable Source of Energy in the Path to Sustainable Recovery
Having access to clean, reliable, and affordable energy sources is essential to improving the welfare of societies.
Oil & Gas Trade
01-09-2021
CNOOC Invites Foreign Firms to Bid for 19 Blocks of Offshore Oil and Gas
CNOOC had inked 228 contracts with 81 oil companies from 21 countries and regions by July, it said.
Oil Exploration
01-09-2021
ADNOC Partners with Pakistani Companies for the First Time
As part of Abu Dhabi’s second competitive block bid round, ADNOC has signed a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies.
Crude Oil
01-09-2021
ExxonMobil Baton Rouge Begins Restart Process
ExxonMobil's refining and petrochemical assets in Baton Rouge were undamaged by Hurricane Ida and have begun restart procedures today.
Energy Security
31-08-2021
Syrian Oil Spill Spreads Into Mediterranean, May Reach Cyprus
Cypriot authorities are monitoring slick, as latest satellite imagery shows fuel oil leak from Baniyas power plant larger than anticipated
Crude Oil
31-08-2021
OPEC+ Likely to Keep Oil Output Policy from September Unchanged, Sources Say
OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase.
Crude Oil
31-08-2021
Pemex Restores Oil Output Suspended Due to Platform Fire
Its has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.
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