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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
16-06-2021
Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order to avoid triggering a new jump in shale output.
Oil & Gas Trade
15-06-2021
ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas sector.
Crude Oil
15-06-2021
Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well
Crude Oil
15-06-2021
Minnesota Court Affirms Approval of Line 3 Oil Pipeline
The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week.
Oil Price
15-06-2021
Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth
Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed COVID-19 reopening dampened expectations for fuel demand growth and tighter supplies.
Oil Pipeline
15-06-2021
Merkel Says Discussed with Biden His Upcoming Meeting with Putin, Nord Stream 2
German Chancellor Angela Merkel said on Saturday that she discussed with US President Joe Biden at the G7 summit his forthcoming meeting with Russian President Vladimir Putin in Geneva, as well as the Nord Stream 2 pipeline.
Oil & Gas Trade
15-06-2021
Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says
Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen
Oil Exploration
15-06-2021
Equinor Makes Minor Oil Discovery in North Sea
Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery.
Oil&Gas Drilling
14-06-2021
Jadestone to Close Maari Field Deal in 2H 2021
Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset.
LNG
13-06-2021
Crown LNG to Develop LNG Terminal Offshore India
Crown LNG Holding AS, a Norwegian group which specialises in developing LNG infrastructure for harsh weather conditions, has initiated development of an LNG terminal offshore Kakinada, India.
LNG
12-06-2021
China to Overtake Japan as World's Top LNG Buyer in Weeks, ICIS Says
It estimated China's 2021 total LNG demand at 81.2 million tonnes, above 75.2 million tonnes for Japan.
Oil and Gas Equipment
11-06-2021
Upgrading 10 Production Wells
Installation of two ESP-systems near Hannover, Germany
Oil & Gas Trade
11-06-2021
China About To Become Top LNG Importer This Year
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week.
LNG
11-06-2021
CNOOC to Build 6 LNG Storage Tanks at Binhai LNG
Chinese oil and gas player CNOOC has started the construction of six LNG storage tanks at its Binhai LNG import terminal in Jiangsu.
Oil & Gas Supply
10-06-2021
Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next five years is expected to jump to 230,000 barrels per day, from zero in 2021.
Oil Pipeline
10-06-2021
Keystone Pipeline Cancelled After Biden Blocks Permit
Construction on pipeline began last year when former president Donald Trump revived the long-delayed project
Oil & Gas Trade
10-06-2021
Israeli Minister Calls For Scrapping UAE Oil Pipeline Deal
Israeli Minister of Environmental Protection Gila Gamliel is looking to have the recent oil pipeline deal between Israel and the United Arab Emirates scrapped because of security and environmental concerns.
Oil Exploration
10-06-2021
Exxon and Its Partners Log New Discovery at Longtail-3 Offshore Guyana
ExxonMobil announced a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Crude Oil
10-06-2021
Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the 2015 nuclear deal.
Oil Price
09-06-2021
Oil Extends Advance Above $70 Amid Improving Demand Outlook
Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery.
Natural Gas
07-06-2021
Iraq Hopes to Restore Full Iranian Gas Import Volumes
The news comes just as the temperatures in Iraq have begun to soar.
Natural Gas
07-06-2021
1st Leg of Nord Stream 2 Pipeline to Supply Gas in 10 days
Russian President Vladimir Putin announced the completion of the first leg of the Nord Stream 2 pipeline between Moscow and Berlin, which is expected to supply gas within 10 days.
Oil Refinery
07-06-2021
EU to Help Kazakhstan Upgrade Atyrau Oil Refinery to Address Air and Soil Pollution
The remediation work is the result of a long-term engagement between the EBRD and the refinery that combines financing and reforms aimed at reducing the environmental impact of the plant’s operations, the EBRD said.
Oil Exploration
07-06-2021
Uganda Picks Four Firms For New Oil Exploration Round
Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever.
OPEC
07-06-2021
Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
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