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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 Refinery
28-05-2021
South Africa: Engen To Convert Durban Refinery to Terminal
As expected, Engen announced that it will be progressing plans to convert its 120,000 bbl/d refinery in Durban, South Africa into a terminal, as the refinery is not commercially viable and considered unsustainable in the long term.
Oil Refinery
28-05-2021
France's Donges Refinery will not Restart Until 2022
France's 222,000 b/d Donges refinery will remain offline until next year after operator Total decided to bring forward planned maintenance.
Crude Oil
28-05-2021
Biden Defends Alaska Oil Project
President Biden’s administration has backed the Willow oil project in Alaska in a new filing by the Department of Justice.
Oil&Gas Drilling
28-05-2021
Turkey to Extract Oil from 3 New Onshore Wells: Energy Minister
Turkey will extract oil from three newly discovered wells in the country's Diyarbakir and Kirklareli provinces.
Oil & Gas Trade
27-05-2021
Nigeria Inks Massive Oil Deal With Supermajors
Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said in a series of tweets.
Oil&Gas Drilling
26-05-2021
Santos Kicks off Bayu-Undan Drilling Campaign
Australia’s energy giant Santos, as the operator of the Bayu-Undan Joint Venture, has started the Phase 3C infill drilling program at the Bayu-Undan field, in Timor-Leste offshore waters.
Natural Gas
26-05-2021
Adnoc Signs 10-Year Gas Supply Agreements with Emirates Steel and Arkan
Adnoc has the potential to produce 11 billion cubic feet of natural gas and over 1 billion cf of sour gas per day
Oil Field
26-05-2021
Adnoc Awards $744m Offshore Field Contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023
Oil Price
25-05-2021
Oil Prices Rise on Potential Hitch in Iran Talks
Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.
Oil Pipeline
24-05-2021
Tanzania, Uganda Finalize Oil Pipeline Deal
Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pumped in western Uganda to the coast of Tanzania and international markets.
Market Analysis
24-05-2021
Oil Markets Set for Recalibration as US and Iran Attempt to Restore Nuclear Deal
Commodities prices are expected to keep rising, even if Iranian supply returns, Saxo Bank's head of commodity strategy says
LNG
22-05-2021
Qatar Cuts LNG Prices And Expands Into Asian Spot Market
Qatar is cutting prices for its gas and expanding into the Asian spot market as it seeks to maintain its number-one position in exports of liquefied natural gas.
Oil Refinery
22-05-2021
Australia To Keep Viva & Ampol Refineries Operating
Australia has agreed to pay its last two oil refineries up to A$2.3 billion through 2030 to keep the struggling plants open and protect the country's fuel security.
Crude Oil
21-05-2021
Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the lowest crude volumes since December.
Natural Gas
21-05-2021
Natural Gas a Vital Element in Mission Net Zero: GE
The Gas Exporting Countries Forum, as an intergovernmental coalition of 19 of the world’s leading gas producers together representing 70% of the proven natural gas reserves, 52% of gas pipeline, and 51% of LNG exports
Oil Exploration
21-05-2021
China Makes Headway in Construction of New Offshore Oil Platform
The float-over installation of the Lufeng 14-4 central platform, China's largest independently designed and built offshore crude oil production platform, has been completed.
EU
21-05-2021
EU Begins Discussions on Group II Quota for 2022
The EU Commission and member state representatives will meet today and tomorrow to discuss the Group II base oil import quota for January to December 2022.
Oil Pipeline
21-05-2021
Nord Stream 2: the Difficult Birth of Russia's Gas Link to Germany
The following are significant moments in Nord Stream 2's development.
Crude Oil
20-05-2021
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week to May 14.
Crude Oil
20-05-2021
Angolan Crude Oil Exports to Drop in July - Programme
Angola will export 33 crude oil cargoes in July, including one cargo of Plutonio deferred from June, down from 37 cargoes initially scheduled in June.
Crude Oil
20-05-2021
S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but South Korea's top refiner SK Energy plans to maintain a conservative approach in middle distilla
LNG Carrier
20-05-2021
Essberger Orders 4+4 LNG-Powered Chemical Tankers in China
German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.
Oil & Gas Trade
20-05-2021
Iran Preps New Oil Export Terminal Beyond Strait of Hormuz
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress.
Oil Field
19-05-2021
Shell in Talks with Nigeria to Exit Onshore Oil Fields as Part of Green Push
After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with plans to go green.
Oil & Gas Supply
19-05-2021
SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries
Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine and other countries.
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
