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Oil & Gas
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Oil Field
29-01-2021
Chevron Pipeline Project Joins Egypt & Israel
With its aim to develop Israel’s natural gas fields, Chevron Corporation together with other energy companies is planning to make an investment of approximately $235 million in pipelines to export the Israeli fuel to Egypt.
Oil Price
29-01-2021
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secretary-general of the cartel said.
Crude Oil
29-01-2021
Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says
The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets
Crude Oil
28-01-2021
Only 36% Of Russia’s Oil Reserves Are Profitable
Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for Energy Policy magazine.
Oil Exploration
27-01-2021
Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area
The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas
Oil & Gas Trade
27-01-2021
IMF Sees Oil Prices Averaging $50 In 2021
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019
Oil Price
27-01-2021
Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices
All forms of energy needed' to meet 45% rise in energy demand by 2045.
Oil Exploration
27-01-2021
Eni Gets New Licence in UK North Sea
Italian oil and gas company Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licensing Round.
Oil&Gas Drilling
27-01-2021
Santos Gearing up for New Well Offshore Australia
Australian oil and gas giant Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian authorities and the plan is now under assessment.
Crude Oil
26-01-2021
Libya Oil Comes Back to Life but with Fragile Infrastructure
Libya is now producing 1,224 million barrels per day — a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal.
Oil&Gas Drilling
26-01-2021
Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas exploration division since Bernard Looney became chief executive at the UK-based supermajor a year ago.
Oil Field
26-01-2021
China Locates Oil and Gas Field in South China Sea
China has located an offshore oil and gas field in the South China Sea, according to the China National Offshore Oil Corporation on Monday.
Crude Oil
25-01-2021
U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their total proved reserves estimates.
Oil Pipeline
25-01-2021
EU Parliament Wants Nord Stream 2 Stopped
The European Parliament has called on the EU to stop Gazprom's 55bn m³/yr Nord Stream 2 gas project.
Crude Oil
25-01-2021
Norway: December Oil Output Rises Above Expectations
Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate.
Crude Oil
25-01-2021
Iran Claims it is Ramping up Oil Production to Pre-Sanctions Levels
Iran's output fell following US sanctions in 2018 over its nuclear ambitions
Oil Field
23-01-2021
Rystad: Oilfield Services Sector will Struggle to Repeat Former Glory Amid Energy Transition Push
the transition to cleaner energy technologies is accelerating and many suppliers will have to make existential changes to survive. Rystad Energy has evaluated who is better prepared.
Oil&Gas Drilling
23-01-2021
Egypt Awards Red Sea Oil and Gas Exploration Concession to Mubadala Petroleum
New agreement adds to Mubadala Petroleum's Egypt portfolio that includes Shorouk and Noor exploration concessions
Oil Price
23-01-2021
Price Dispute Shrinks Russia Oil Pipeline Exports
Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing with European refiners, four sources told Reuters on Wednesday.
LNG
20-01-2021
Rolls-Royce Supplying Two mtu Gas Engines for First LNG-Hybrid Tugboat
Rolls-Royce is supplying two mtu 16V 4000 M55RN gas engines to Sembcorp Marine Integrated Yard for the construction of the first liquefied natural gas -hybrid powered tug.
Oil&Gas Drilling
20-01-2021
ExxonMobil Hits Another Dry Hole Offshore Guyana
ExxonMobil hit a dry hole for the second time in two months offshore Guyana.
OPEC
20-01-2021
UAE Squares Opec Commitments, Capacity Growth Plans
There is no contradiction between Abu Dhabi's efforts to boosts its production capacity and the UAE's membership of Opec, minister of energy Suhail al-Mazrouei said today.
Natural Gas
20-01-2021
US Gas-Fired Power Generation Set For First Drop Since 2017
Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017.
Oil & Gas Trade
20-01-2021
Uzbekistan to Open up Electric Power, LPG Markets Amid Shortages
Uzbekistan exports natural gas, mostly to China, but it has experienced shortages this winter, prompting cuts to export shipments and discontent among households who struggled to keep themselves warm
Oil Field
19-01-2021
Apex Makes Oil Discovery in Egypt
Apex International Energy announced a new oil discovery in Southeast Meleiha Concession, located in the Western Desert of Egypt.
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