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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 Price
25-06-2021
Russian Domestic Oil Prices Soar to All-Time High
Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earlier, which was also a record high
Natural Gas
25-06-2021
Siemens Energy Selected for Canadian Carbon-Neutral Gas Projects
Technology company Siemens Energy has been selected to provide various services for the implementation of carbon-neutral natural and liquefied gas energy projects in Canada
Oil&Gas Drilling
25-06-2021
BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d
bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.
Market Analysis
24-06-2021
Biden's Silence on Minnesota Oil Pipeline Frustrates Advocates
Line 3, a comparable project to the canceled Keystone XL pipeline, runs counter to the president's stated climate and environmental goals.
OPEC
24-06-2021
OPEC+ Discussing Gradual Oil Output Rise from August
The talks mean that OPEC and Russia are likely to find common ground again on oil production policy
Crude Oil
24-06-2021
Oil Giants See Crude at $100/barrel on Supply Side Constraints
Global oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing
Crude Oil
24-06-2021
Brent Rallies Close to $76 as Markets Remain Tight
Oil also gained from a projected drawdown of US crude inventories
Oil & Gas Trade
23-06-2021
Gazprom Plans to Supply 8.5 billion cubic meters of Natural Gas to China This Year
Gazprom said that it plans to supply 8.5 billion cubic meters of natural gas to China this year and double its income from natural gas exports to China.
Oil Field
23-06-2021
Iran Kickstarts Production At Giant Offshore Oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.
Natural Gas
23-06-2021
Environmental Knowledge and Solutions Initiative: GECF Explores Consensus on Methane Emissions
It exists in abundance on Earth and has even been found on other planets, including Mars, but this major force of life – methane – can also harm the environment when not contained appropriately.
Oil Field
22-06-2021
Bitcoin Fracking Turns Waste Gas to Digital Gold in Bakken Oil Field
Natural gas produced as a byproduct in Bakken oil production is often flared as waste. Near Sidney, Montana, one company is converting it to cryptocurrency instead.
22-06-2021
Reactivation of the Hydrocarbons Sector Continues with the Colombia Round 2021, which will Offer 32 New Areas to Investors
The National Hydrocarbons Agency (ANH) launched the Colombia 2021 Round that brings 32 new areas to investors, 28 of them offered by the ANH and 4 presented by companies interested in participating in the process.
LNG
22-06-2021
Chinese Joint Venture Orders Three more LNG Carriers
A joint venture between Chinese state-controlled shipowner Cosco Shipping Energy Transportation and state-owned energy firm CNPC has ordered another three LNG carriers from the country's Hudong-Zhonghua shipyard.
Oil Exploration
22-06-2021
Vår Energi Makes ‘Significant’ Discovery in Balder Area
Oil and gas company Vår Energi has made a ‘significant’ discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea offshore Norway.
Crude Oil
22-06-2021
Venezuela’s Oil Boss Projects Soaring Output, Despite Crumbling Infrastructure and U.S. Sanctions
In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it.
Crude Oil
21-06-2021
Iraq Expects Oil Prices to Reach $80/bbl - State News Agency
Iraqi expects oil prices to reach $80 per barrel.
Oil & Gas Trade
21-06-2021
Petrobangla Signs MOU with Indian H-Energy to Import R-LNG
State-run Petrobangla has inked a memorandum of understanding with Indian H-Energy recently to import re-gasified LNG (R-LNG) through a cross-border pipeline.
Crude Oil
19-06-2021
Crude Oil Prices Steady Near Multi-Year Highs
Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.
Oil Price
19-06-2021
Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal
The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday
Crude Oil
19-06-2021
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Natural Gas
19-06-2021
Equinor Extends Heimdal Gas Center’s North Sea Service Contract to 2023
New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon.
Crude Oil
18-06-2021
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Natural Gas
17-06-2021
Waga Energy’s Landfill Biogas Recovery Technology Gains Popularity in Canada with Second Installation Contract
Waga Energy has secured a contract with the Brome-Missisquoi Intermunicipal Waste Management Board to produce biomethane at the Cowansville landfill site in Québec
Crude Oil
17-06-2021
Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Western Europe’s biggest field would be certified as carbon neutrally produced.
Crude Oil
16-06-2021
Equinor Delays Restart of Brazil Oil Field to 2022
Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interruption at the company's only operated producing asset in Brazil.
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