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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
LNG
09-03-2021
Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas in Europe, shipping the fuel to Shell in the UK.
Natural Gas
09-03-2021
Texas Freeze Caused Record Gas Spot Prices and Outages
In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish data that demonstrates the scale and impact of the disaster.
LNG
09-03-2021
Japan-backed AG&P Says Gets Approval to Develop Philippines LNG Terminal
Atlantic Gulf & Pacific Company said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas import and regasification terminal in Batangas Bay, south of Manila.
Oil Price
08-03-2021
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued to deliberate about the future of supply cuts.
Crude Oil
08-03-2021
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Crude Oil
08-03-2021
OPEC, Allies Agree to Keep Oil Output Steady into April
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.
Crude Oil
07-03-2021
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Crude Oil
05-03-2021
Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd
Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.
LNG
05-03-2021
Australia’s January LPG Exports Rise by 45pc on Year
Australia's January LPG exports of more than 244,000t rose by 44.7pc from a year earlier but were around 14pc below December shipments, with the year-on-year rise underpinned by butane exports at a four-month high, according to the latest official trade d
Oil & Gas Trade
03-03-2021
India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher
India is calling again on the OPEC+ coalition to boost production from April, because the world’s third-largest oil importer is not particularly happy with this year’s oil price rally.
Oil Field
03-03-2021
EnQuest Starts Shutting Down Don Fields in North Sea
UK oil and gas company EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the UK North Sea.
Crude Oil
03-03-2021
Opec+ to Convene Amid Robust Recovery in Global Oil Prices
The group could raise output by 500,000 to 700,000 bpd
Oil&Gas Drilling
02-03-2021
ReconAfrica Updates Kavango Drilling Program
ReconAfrica recently provided an update on its drilling program in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia.
Crude Oil
02-03-2021
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent an over-tightening of the market and preserve market share.
Oil & Gas Trade
02-03-2021
Pakistan Hopes to Save $3 Billion in New Gas Deal with Qatar
Khan's government has said it was trying its best to overcome an energy shortfall through different measures
Oil & Gas Trade
01-03-2021
Turkey's Imports of Natural Gas from Iran Fell by 31% in 2020
Turkey imported 5.32 billion cubic meters of natural gas from Iran in 2020, a year-on-year decrease of 31%.
Oil & Gas Trade
01-03-2021
S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data
South Korea's February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed on Monday.
Crude Oil
01-03-2021
Oman Starts New Energy Company As it Seeks to Leverage Oil Block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
Oil Refinery
01-03-2021
Indian Oil Shares Gain Over 3% on Panipat Refinery Capacity Expansion Plan
IOC board approved capital investment for capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA.
Oil Refinery
01-03-2021
Iranian Firm Wins Tehran Refinery Upgrade Project
Iranian contracting company Chagalesh Consulting Engineers has been awarded a €200mn engineering, procurement and construction contract to upgrade a number of gasoline producing units at the 220,000 b/d Tehran refinery.
Oil Price
27-02-2021
Oil Prices Fall on Strong US Dollar and Supply Concerns
Brent and WTI are on track for gains of about 20% this month
Oil Field
26-02-2021
Energean Proposes $500MM Carbon Storage Facility in Northern Greece
Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Prinos oil field.
Oil Exploration
26-02-2021
Seven Oil Players Apply for Production Licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy has informed.
LNG
26-02-2021
Global LNG Demand Expected to Almost Double by 2040
Global liquefied natural gas demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.
Crude Oil
25-02-2021
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
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