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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
10-11-2020
Shell in Early Termination of Jack-up Rig Contract in Brunei
Oil major Shell has terminated early its contract for the Aban Offshore-owned jack-up drilling rig operating for the company in Brunei.
Oil Field
09-11-2020
S Africa Offshore Well Results Could Come This Month
Test results from the Luiperd well in block 11B/12B off South Africa's southern coast could be available by the end of this month.
Oil and Gas Equipment
06-11-2020
Noble Gets Rid of Five Cold-Stacked Floating Rigs
Offshore drilling contractor Noble Corporation has decided to sell five of its cold-stacked floating drilling rigs.
Oil&Gas Drilling
06-11-2020
Turkey Starts Drilling Second Well in Black Sea
Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well.
Crude Oil
06-11-2020
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing firm Somo.
Oil & Gas Trade
06-11-2020
China’s Jinzhou Refinery Exports First Diesel to Chile
Chinese state-controlled refiner PetroChina's Jinzhou refinery in Liaoning province has exported its first diesel cargo to Chile.
Oil & Gas Trade
06-11-2020
Election 2020: Climate Change Won’t Be Part Of Texas Oil Regulator’s Agenda
In a sweeping victory for America’s oil and gas industry, Republican businessman James “Jim” Wright comfortably won a seat on Texas’ energy regulator with 53% of the vote.
Oil Price
06-11-2020
Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards $50 per barrel in 2021.
Oil Price
05-11-2020
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
LNG Carrier
05-11-2020
PGNiG Group Contracts Ships for Transporting US LNG
Chartered gas carriers will be used for trading LNG contracted by PGNiG with American suppliers.
Oil&Gas Drilling
05-11-2020
Shell Takes Stakes in Transkei & Algoa Blocks Offshore South Africa
Under the terms of the farm-out agreement, Shell will acquire a 50% working interest in the Transkei & Algoa blocks and operatorship.
Oil & Gas Trade
05-11-2020
Saudi Gas Production Jumps To Record
Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.
Oil & Gas Trade
05-11-2020
French Company Abandons Plans to Import US Gas
The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ample supplies of natural gas from fracking in the region.
Oil Field
05-11-2020
Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
Oil&Gas Drilling
04-11-2020
Nigerian Operator Produces First Oil from Shallow-Water Project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.
Oil Price
04-11-2020
Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir said on Tuesday.
Market Analysis
03-11-2020
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented dividends and sent share prices plummeting.
Oil Price
03-11-2020
Oil Prices Hold Steady Ahead of U.S. Elections
Oil prices held steady on Tuesday ahead of the U.S. presidential election, retaining their steep overnight gains but capped by demand concerns and worries about rising supplies.
South Korea
03-11-2020
KSOE Receives Order for up to Four LNG Carriers
Korean Shipbuilding & Offshore Engineering has secured a building order for two 174,000m³ LNG carriers, with options for another pair.
Oil Field
03-11-2020
CNOOC Starts up Eighth Project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
Oil Field
03-11-2020
Western Europe’s Biggest Oilfield Set To Increase Production
The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the Norwegian government raised the Q4 production permits for Western Europe’s biggest producing field.
Crude Oil
03-11-2020
Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.
Oil Pipeline
03-11-2020
Total Signs Pact with Tanzania for its EACOP Pipeline Construction Project
Total has announced that it has reached an agreement with the Tanzanian government for its EACOP pipeline project in the country.
Oil & Gas Trade
02-11-2020
Russia Ranks Second by Oil Exports to China in September
Oil supplies from Russia to China increased to 1.83 mln barrels daily as of the end of September 2020.
Oil Price
02-11-2020
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil prices and the COVID-19 pandemic impact revenue and economic growth.
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