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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&Gas Drilling
28-03-2021
Eni and Novatek Kicking off Drilling Ops off Montenegro
Italy’s oil and gas company Eni and Russia’s Novatek are starting drilling operations in waters offshore Montenegro, using Vantage Drilling’s Topaz Driller jack-up rig.
Natural Gas
28-03-2021
EU Sees Only Marginal Future Role For Natural Gas
There will be only a marginal role for natural gas in Europe's future energy mix if the region electrifies everything that can be electrified.
Oil Price
28-03-2021
India and Saudi Arabia Spar Over Oil Prices
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near doubling of oil prices since the start of November sparked an angry exchange of words.
Oil & Gas Trade
26-03-2021
Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG
China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Petroleum each year for 10 years, starting in 2022.
Oil & Gas Trade
26-03-2021
Fourteen U.S. States Sue Biden Administration over Oil and Gas Leasing Halt
In an attempt to challenge the pause on new oil and gas leasing on federal lands and waters, 14 U.S. states have filed lawsuits against President Joe Biden’s administration.
Crude Oil
26-03-2021
Uganda Postpones Launch of the East African Crude Oil Pipeline to April
The Ugandan government has announced that it has pushed back the launch of the East African Crude Oil pipeline to April following the death of Tanzania’s president John Pombe Magufuli last week.
Oil&Gas Drilling
25-03-2021
Masirah Completes Oil Project in Oman
Muscat-based Masirah Oil, which operates Block 50 off Oman’s east coast, has completed the planned upgrade of a mobile offshore production unit to 30,000 barrels a day.
Oil&Gas Drilling
25-03-2021
UK Seeks to Drill more Oil and Gas from North Sea
More oil and gas wells are to be drilled in the North Sea, the UK government has announced.
Crude Oil
25-03-2021
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.
Crude Oil
25-03-2021
Oil Slips On Small Crude Inventory Build
U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19
Oil Pipeline
24-03-2021
Nord Stream 2 Pipelaying could End by October
Pipelaying on one of the twin lines that compose Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 gas route might not be complete until winter, a regulatory document suggests.
Oil Field
24-03-2021
118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022
After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.
Oil & Gas Trade
24-03-2021
China: Shenergy Group & Total Energy LNG Marketing Partnership
Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of LNG from Total, as well as the creation of a joint venture to expand LNG marketin
Crude Oil
23-03-2021
Saudi Arabia Tops China’s Jan-Feb Crude Imports
Saudi Arabia remained the top crude supplier to China in the first two months of this year, Chinese customs data show.
Natural Gas
23-03-2021
Venezuela Gas Pipeline Tract Explodes; Oil Minister Blames Attack
Oil Minister Tareck El Aissami in a brief statement on state television late on Saturday called the incident a "terrorist attack," without providing details about who was responsible or about the impact on the plant and pipeline
LNG
23-03-2021
Russia Says LNG Production Capacity Could Jump Threefold By 2035
Russia’s government approved on Monday the country’s long-term development program for LNG, expecting production capacity to rise threefold from current levels to 140 million tons per year by 2035.
Crude Oil
23-03-2021
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
Natural Gas
22-03-2021
Fair and Just Energy Transition not Likely Without Natural Gas: IGU President Kang
The role of natural gas as an enabler in the energy transition while underpinning economic activity will be an important theme in the international energy discussion in the years ahead
Crude Oil
22-03-2021
India’s Crude Oil Throughput Hits Four-Month Low in February
India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude prices and weaker fuel demand in the country.
Natural Gas
22-03-2021
National Grid Buys Western Power Distribution, Sells Narragansett Electric
UK-based transmission operator National Grid has agreed to acquire Western Power Distribution’s holding company PPL WPD Investments from PPL WPD, for an equity value of $10.8bn.
Oil Refinery
22-03-2021
IEA sees only one refinery operating in Australia
The International Energy Agency expects only one refinery to continue operating in Australia, implying that another refinery will close within the next five years.
Oil Pipeline
19-03-2021
Biden Weighing New Sanctions to Block Russian Gas Pipeline
The Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany
Oil & Gas Trade
19-03-2021
India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Crude Oil
18-03-2021
EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ group unexpectedly decided to maintain their production cuts into April
Oil Price
18-03-2021
Oil at $70 does not Signal Return of a Supercycle, IEA Says
The agency expects world oil demand to recover 63% of the volume lost in 2020 due to the pandemic
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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'
