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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

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
21-07-2021

Sapref to Restart Durban Refinery
BP and Shell's South African joint venture Sapref will restart its 180,000 b/d Durban refinery tomorrow after a temporary shutdown last week in response to civil unrest in KwaZulu-Natal and other parts of the country.
Energy Transition
21-07-2021

BHP Considering Exiting Oil and Gas Business
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels.
Natural Gas
20-07-2021

Pakistan, Russia Sign Gas Pipeline Agreement
The governments of Pakistan and Russia have signed a preliminary agreement for the construction of the 16.5bn m³/yr Pakistan Stream Gas pipeline, which could allow regasified LNG to reach the northern part of the country.
Oil & Gas Supply
20-07-2021

Brazilian Gas Availability up by 4.5pc in June
The amount of Brazilian natural gas output offered to the market after flaring, loss and reinjection rose by 4.5pc in June from a year earlier and by 1.7pc from the prior month, to 58mn m³/d.
Oil Field
19-07-2021

B.C. Fracking Fields Emit 1.6 to 2.2 Times More Methane than Federal Estimates
Methane emissions from British Columbia oil and gas fields are 1.6 to 2.2 times higher than the federal government is estimating, according to yet another study that contrasts actual measurements from airborne monitoring
OPEC
19-07-2021

OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Oil&Gas Drilling
16-07-2021

I3 Energy Finishes Drilling Second Oil Well at Canada Project
i3 Energy PLC said Thursday that drilling operations on the second well at the Marten Hills Clearwater drilling program in Canada have been completed, with production from both wells expected to begin in late July.
Oil Price
16-07-2021

OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.
Oil Pipeline
16-07-2021

China & Nord Stream-2 Top Agenda As Biden Meets Merkel
The two sides are hoping to mend deeply strained relations ahead of Germany's election in ten weeks.
Oil Refinery
15-07-2021

China's Crude Oil Runs Hit Record Highs in June
China's crude oil throughput hit a record high in June, rising 3.9% on a daily basis from the previous record set in May as more refineries resumed operations after maintenance.
Oil Refinery
15-07-2021

Iraq Signs Al Faw Refinery Deal with China's CNCEC
Iraq has decided to award a long-awaited contract to build a new 300,000 b/d integrated refining and petrochemicals complex on the southern Al Faw peninsula to Chinese state-owned engineering company CNCEC.
Oil Price
15-07-2021

Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will be able to extend a deal to curb output until the end of 2022, the sources said.
Oil Price
14-07-2021

Oil Falls Slightly Despite Crude Draw
The American Petroleum Institute on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 2021 crude draw so far to 50.01 million barrels, using API data.
OPEC
14-07-2021

OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns
The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.
LNG
13-07-2021

Gas Import Options Expanding for China
China is poised to become the top global liquefied natural gas importer this year, bypassing current leader Japan
Oil & Gas Trade
13-07-2021

Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies
Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.
Oil&Gas Drilling
13-07-2021

U.S. Drilling Approvals Increase Despite Biden Climate Pledge
The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year
Oil Pipeline
13-07-2021

Nord Stream 2 Targets August for Completion of Baltic Pipelay Work
Eponymous project's operator assures the pipeline will be fully certified and ready to pump Russian gas to Germany before end of year
Japan
12-07-2021

Japan to Remain Committed to Oil and Gas Development Projects
Japan will remain committed to upstream oil and gas developments and plans to boost its ratio of equity oil and gas as it expects the fuels to play a key role in the country’s energy transition and 2050 carbon neutrality pathway, a senior government offic
Angola
12-07-2021

Angola Kicks Oil Privatization Into Overdrive
Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol.
Crude Oil
12-07-2021

Brazil Plans To Be 5th-Largest Crude Exporter By 2030
Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Rio Times on Thursday.
LNG
12-07-2021

Baidyanath to Start Country’s First Commercial LNG Filling Station
Makers of Ayurvedic medicines from the city, Shree Baidyanath, has diversified into liquified natural gas sale.
Oil&Gas Drilling
10-07-2021

McDermott Secures Subsea Job on Bayu-Undan Field
McDermott International has secured a subsea engineering, procurement, construction and installation contract with Santos for the Bayu-Undan infill well Phase 3C project in the Timor Sea.
Oil Field
09-07-2021

China: Daqing Oilfield's Oil and Gas Achieved Double Overproduction in the First Half
As of June 30, PetroChina’s Daqing Oilfield had completed domestic and international oil and gas production equivalent of 21.54 million tons, an increase of 868,100 tons year-on-year.
Oil & Gas Supply
09-07-2021

Singapore Fuel Oil Inventories Sink to Over 3-Month Low
Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed on Thursday.

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