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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

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
11-12-2020

Karoon Offloads First Oil from Recently-Bought Baúna Field
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil.
Oil & Gas Supply
11-12-2020

Gladstone November LNG Exports Up
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone jumped when compared to the corresponding month in 2019.
Crude Oil
11-12-2020

Oil Hits $50 On Vaccine Rollout
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of strengthening oil demand early next year.
Crude Oil
10-12-2020

US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Oil Shale
10-12-2020

Global Shale Industry on a Recovery Path After 8.1% Production Decline in 2020, Says GlobalData
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% fall, according to projections by GlobalData.
Oil and Gas Equipment
10-12-2020

Oxford Flow ES Axial Flow Valve Achieves Oil and Gas Fugitive Emissions Breakthrough
It is notable that most valve manufacturers test in Class B, which allows 10x more leakage than Class A.
LNG Carrier
10-12-2020

Korea Tops Global Shipbuilding Order Intake Rankings for Five Consecutive Months
By landing more than 60 percent of the world's new shipbuilding orders in November, Korea came in first in the order standings for the fifth straight month in November, beating China.
Energy Technology
09-12-2020

Tüpras Selects Honeywell Technology
UOP provided the basic engineering, catalysts and technical services for the project.
Oil&Gas Drilling
09-12-2020

Equinor Drills Dry Well Near Tordis Field
Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.
OPEC
08-12-2020

Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, January 4, Argus reported on Monday, citing delegates with the OPEC+ alliance.
Oil & Gas Trade
08-12-2020

Iran Prepares For Oil Export Boost
Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations with the U.S. during the next administration.
Crude Oil
08-12-2020

Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Oil&Gas Drilling
08-12-2020

ONGC Gains 5% As Overseas Arm Discovers Oil in Colombia
In a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia.
Crude Oil
08-12-2020

Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel now.
Crude Oil
07-12-2020

Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly from January 2021.
OPEC
07-12-2020

Kazakhstan Supports Consensus in OPEC+ Agreement
The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconference on December 4.
Oil&Gas Drilling
07-12-2020

Denmark to End Oil and Gas Era in 2050
The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of the North Sea and end existing production by 2050.
LNG
07-12-2020

Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand
Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers faced supply issues, trade sources said.
Oil & Gas Trade
06-12-2020

Japan's Inpex Signs Gas Sales Agreement with Indonesia Gas Utility
A memorandum of understanding was signed between Inpex Masela Ltd and PT Perusahaan Gas Negara.
Kazakhstan
05-12-2020

Kazakhstan to Create Oil and Gas Engineering Development International Centre
An International Center for the Development of Oil and Gas Engineering will be created in Kazakhstan, the office of the Kazakh prime minister said on December 1.
Crude Oil
05-12-2020

Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
Oil & Gas Trade
05-12-2020

Alaska’s Oil Exports Double Amid Strong Chinese Demand
While demand from U.S. West Coast refiners has been subdued, overall Chinese crude oil imports have held strong during the COVID-19 wave in China early this year.
LNG
04-12-2020

Australia’s LNG Exports at Nine-Month High
Australia's LNG exports rose to a nine-month high of 7.04mn t in October, driven by record shipments from the Queensland port of Gladstone.
Natural Gas
04-12-2020

Argentina Draws 16 Bids for Subsidized Gas Supply
Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power generation in 2021-24.
Oil Price
04-12-2020

OPEC+ Working on Compromise for 2021 Oil Policy
The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).

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