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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
09-10-2020
Noble Corporation Scores Rig Extension Deal with ExxonMobil
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.
LNG
09-10-2020
Pakistan LNG Signs Initial Deal to Sell LNG to Karachi Electric
PLL will supply up to 150 million cubic feet per day of gas to Karachi Electric's 900-megawatt project which will have two units.
Crude Oil
08-10-2020
Peru Crude Production at Historic Low in Sept
Peru's crude production fell to a historic low of 29,165 b/d in September, less than half the level of 12 months earlier, according to data from hydrocarbons regulator PeruPetro.
India
08-10-2020
India Clears Plan for Domestic Gas Price Discovery
The Indian cabinet has approved a policy aimed at creating price discovery for domestic natural gas output, part of a series of reforms by Delhi to push the country towards becoming a gas-based economy.
Crude Oil
08-10-2020
Opec Sees Oil Demand Peak Around 2040
World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.
Vietnam
08-10-2020
Vietnam Gets Bids for Dung Quat Refinery Expansion
Vietnam's Binh Son Refinery has received bids for a $1.8bn upgrade and expansion project that will increase capacity at its 145,000 b/d Dung Quat refinery by around 30pc.
Oil&Gas Drilling
06-10-2020
Oil Exploration In Norway Slumps By A Third
Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.
Oil Price
06-10-2020
Oil Prices Soar As Trump’s Condition Improves
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening.
Crude Oil
04-10-2020
Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, Interfax reported today.
Oil & Gas Trade
04-10-2020
Iraq Boosts Oil Exports Despite OPEC+ Pledges
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in September compared to August.
Oil & Gas Trade
04-10-2020
Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain
Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenario for oil companies to contend with.
Oil Price
03-10-2020
Oil Falls Further After Trump's Positive Test for COVID-19
Oil prices extended losses to more than 3 per cent on Friday after U.S. President Donald Trump said he has tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.
Oil & Gas Trade
03-10-2020
Golar Power Offers Top Bid for Petrobras's LNG Import Terminal
Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil's state-run energy firm Petrobras.
LNG
02-10-2020
Singapore's First LNG Bunkering Vessel to be Operational by Year End
The first liquefied natural gas bunkering vessel in Singapore is expected to become operational by the end of this year, providing ship-to-ship bunkering services in the port for the first time.
LNG
30-09-2020
Ukraine Gas Demand Hits Recent-Year August High
Ukrainian gas demand climbed sharply in August, driven by strong demand from gas-intensive industrial consumers and the power sector.
Crude Oil
30-09-2020
Egypt Inaugurates Refinery Project in Mostorod
Petroleum Minister Tarek al-Molla stressed the importance of developing Egypt’s infrastructure of Egypt in oil refining and processing, and the vital role this new project will play.
Oil Field
30-09-2020
Lundin Energy Raises Norway's Grieg Oilfield Reserve Estimate
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17 per cent, and boosted output plans for the coming years.
Oil & Gas Trade
30-09-2020
Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030
Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around three times more than current output.
Oil Pipeline
30-09-2020
Uniper Explores Sale of 20 Per Cent Stake in Opal Gas Pipeline
German energy firm Uniper is exploring a sale of its 20% stake in gas pipeline Opal, which links the Nord Stream 1 pipeline with onshore European grids.
LNG
29-09-2020
Vietnam Power Sector's LNG Demand Set to Soar
Demand for LNG from Vietnam's power sector is set to reach 8.5mn t/yr by 2030, the country's industry ministry said today
LNG
29-09-2020
Karpowership Kicks off First Floating LNG-to-Power Project in Indonesia
Turkey’s floating power plant company Karpower International has begun operation on its first LNG-to-Power project offshore Indonesia.
Oil Price
29-09-2020
Oil Prices Stuck In Limbo As Uncertainty Mounts
Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year.
Oil&Gas Drilling
29-09-2020
U.S. Offshore Rig Count Stable at 14 Units
The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.
Oil&Gas Drilling
29-09-2020
Total Moves Tyra Project Into the Next Phase Following Jacket Installation
French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.
Oil Field
29-09-2020
Equinor Plans $2 Billion Breidablikk Oilfield Development
Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.
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