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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
LNG
25-11-2020
GE Makes Deal for Vietnam LNG Project
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
SINOPEC
25-11-2020
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Crude Oil
25-11-2020
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil and condensates production of 51.147 million barrels in August 2020.
Germany
25-11-2020
Oil Dynamics GmbH: Recertified for Quality and Environmental Management
The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.
Oil Price
24-11-2020
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
United Arab Emirates
24-11-2020
Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.
LNG
24-11-2020
France: Primagaz Opens the Vern-Sur-Seiche LNG Station
Produced in partnership with Avia, the new Primagaz service station in Vern-sur-Seiche completes a busy year of new sites.
LNG
24-11-2020
Qatar Energy Exports Crash By 39%
Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and products, one of the biggest exporters of liquefied natural gas in the world said on Sunday.
Oil & Gas Trade
24-11-2020
Algerian Gas Exports to Drop by 4.7%, Energy Minister Says
Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.
Oil & Gas Trade
24-11-2020
China Issues Final Batch of Refined Fuel Export Quotas for 2020
The new issue brings the total fuel export quota this year to nearly 59 million tonnes, up from last year's 56 million tonnes.
Oil & Gas Trade
23-11-2020
Azerbaijan Boosts Natural Gas Production, Export in Jan-Oct 2020
Azerbaijan increased gas production and export while reducing oil production and export in January-October 2020.
Oil Field
23-11-2020
China Looks To Buy Stake In A Major Iraqi Oilfield
State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq, West Qurna 1.
Market Analysis
23-11-2020
How A Biden Presidency Could Boost Colombia’s Oil Industry
The victory of Joe Biden in the U.S. presidential elections earlier this month is perceived by many analysts to be a positive development around the world.
Oil & Gas Trade
23-11-2020
CNOOC China Awards LNG Contract to Aramco Trading
China National Offshore Oil Corp has awarded a tender to buy liquefied natural gas from the trading arm of oil giant Saudi Aramco in Singapore through the Shanghai Petroleum and Natural Gas Exchange.
Oil and Gas Equipment
23-11-2020
MacGregor Makes Lingshui 17-2 Deliveries
MacGregor, part of Cargotec, has delivered the riser pull-in system for the Lingshui 17-2 platform, owned and operated by CNOOC.
Oil Field
23-11-2020
Repsol Sinopec Preparing for Decommissioning of UK North Sea Field
Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar and Auk North installations located in the UK sector of the North Sea.
LNG
21-11-2020
Hoegh LNG Signs Deal with India's H-Energy to Supply FSRU from 2021
This will be the first FSRU to start operations in India, which has six land-based LNG import terminals.
Oil Pipeline
21-11-2020
Uganda to Begin Building Oil Export Pipeline in H1 2021
Uganda expects construction of a $3.5 billion crude export pipeline to start in the first half of next year, Energy Minister Mary Goretti Kitutu said.
Crude Oil
20-11-2020
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming that it was thinking of leaving OPEC in protest at its policy on output restraint.
LNG
20-11-2020
Qatargas Delivers First Q-Max LNG Cargo to Tianjin Terminal
Qatargas Operating Company Limited has announced the delivery of the first cargo of LNG on a Q-Max LNG carrier to the Tianjin LNG Receiving Terminal in China.
Natural Gas
20-11-2020
POSCO International to Explore New Gas Fields in Myanmar
POSCO International has decided to invest 108.6 billion won to explore new gas fields in Myanmar.
LNG
20-11-2020
Belgium: Another LNG Service Station Opened
Rolande, market leader in LNG in the Netherlands, and the Belgian G&V Energy Group are opening a new LNG filling station in Habay in the Ardennes .
Oil & Gas Trade
19-11-2020
Trump Administration Holds Its Last Offshore Oil Auction
The Bureau of Ocean Energy Management (BOEM) is holding on Wednesday the last offshore lease sale for the year and the last such lease sale under the current U.S. Administration of President Donald Trump, before Joe Biden.
Russian Federation
19-11-2020
Russia, Belarus Launch Gas Supply Conditions Negotiations
Russian gas monopoly Gazprom and the government of Belarus have launched negotiations to discuss the conditions of gas supplies to Belarus starting from January 1, 2021, Gazprom said.
Oil Field
19-11-2020
PetroVietnam Pumps First Gas from Sao Vang-Dai Nguyet Offshore Field
State-owned PetroVietnam has started pumping first gas from its Sao Vang-Dai Nguyet field off Vietnam’s southern coast.
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