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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
Natural Gas
31-08-2021
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent
Natural Gas
31-08-2021
Shell Unit Commits to Renewable-Powered Timi Gas Project Offshore Malaysia
The offshore wellhead project, developed with its partners Petronas Carigali and Brunei Energy Exploration, could see peak production of up to 50,000 barrels of oil equivalent per day.
Crude Oil
30-08-2021
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.
Crude Oil
30-08-2021
Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022
Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said during a conference call Aug. 27.
LNG
30-08-2021
Kuwait Raises Its Liquefied Gas Shipments to 8 Ships a Month
The sources said the gas import facilities, which were inaugurated last July, have succeeded in receiving about 25 gas shipments so far, saying each ship carries about 150-200 thousand cubic feet of gas.
Crude Oil
29-08-2021
Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,
Libya
29-08-2021
Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money
Oil Field
29-08-2021
ONGC's 2nd Oil Rig to be Operational at Kalol by Mid
The ONGC, India's national oil company, five years ago decided to replace its aging fleet with 47 new rigs, including 27 for drilling and 20 for workover.
LNG
29-08-2021
Indian Oil expands JV with Malaysia's Petronas to focus on LNG plants
Indian Oil Corp is expanding its joint venture with Malaysia's state-run Petronas to include building liquefied natural gas terminals, fuel retailing and gas distribution, Chairman S.M. Vaidya said on Friday.
Oil Exploration
28-08-2021
Chinese Oil Major Sinopec Announces Oil, Gas Discovery
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the reserves at the field are estimated at some 100 million tons.
LNG
27-08-2021
India's New LNG Plant Starts Next yr, to Boost Import Capacity by 12%
New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries
Oil Field
27-08-2021
Iraq Approves BP's Plans to Spin off Rumaila Oilfield
Iraq's Cabinet has approved plans submitted by BP to spin-off the development of the Rumaila oilfield, the country's largest, as the oil company exits the country.
LNG
27-08-2021
B.Grimm and PTT Team up for Thailand LNG Expansion
Bangkok-based power company B.Grimm Power has formed a joint venture with the state-owned energy company PTT Global LNG to expand the LNG value chain.
Oil & Gas Trade
26-08-2021
Excelerate Energy Authorized to Import LNG in Brazil
Brazilian oil and gas regulator ANP today authorized US LNG company Excelerate Energy to import LNG to the country via its Brazilian unit.
Natural Gas
25-08-2021
China's Sinopec Adds New Tanks at East China Gas Receiving Terminal
This would be 17 per cent more than its current annual capacity of 6 million tonnes
Oil Price
25-08-2021
Oil Settles up 3%, Boosted by Mexican Oil Rig Outage, U.S. Vaccine Approval
Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory approval of vaccines for COVID-19.
Oil & Gas Trade
24-08-2021
Uganda Suspends NGOs Opposing Oil Projects
Uganda says the suspended organizations have been meddling with local politics.
Oil Field
24-08-2021
Norway's Duva Oil and Gas Field Starts Up
UK private equity-backed independent Neptune Energy has started production from the Duva oil and gas field in the Norwegian North Sea.
Oil & Gas Trade
24-08-2021
Illicit Oil Exports Cost Iran Billions In Lost Revenues
The actual amount of oil that it sold in this period should have brought $6 billion to the government. In fact, it earned only 10 percent of the real value of the oil.
Crude Oil
23-08-2021
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices this year helped the Kingdom to see stable income.
United States
23-08-2021
Alaska Judge Dismisses Trump-era Approvals for Arctic Oil Project
A US federal judge invalidated permits approved during the Trump administration for a large oil development project on Alaska’s North Slope on Wednesday.
Oil Pipeline
23-08-2021
Just 15 km of Nord Stream 2 pipeline to Go, Says Putin
he $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic metres a year has been a focal point of tensions between Moscow and the West.
Oil & Gas Supply
23-08-2021
Oil Company Stops Supplying Lebanon with Petrol
Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry
Switzerland
21-08-2021
GEG Partners with Proman on Scottish Green Methanol Plant
Global Energy Group, owners of the Nigg Oil Terminal in Scotland, has partnered with Proman, a Swiss-based energy company, to develop a renewable power to methanol plant at the terminal.
LNG
21-08-2021
Brazil June Gas Demand up on Power Generation
Brazil's natural gas consumption rose by 16.5pc in June, led by a surge in demand for power generation as drought slashed hydropower capacity.
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