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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 Pipeline
14-09-2020
Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km crude oil pipeline.
Oil & Gas Trade
11-09-2020
Kazakhstan Will Export Natural Gas to China As Planned
Kazakhstan Gas Transportation Company completed the export of natural gas to China in accordance with the contract.
Oil Price
11-09-2020
Russia’s Central Bank Warns That Oil Could Slide To $25
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports.
Netherlands
11-09-2020
Total and PitPoint.LNG to Build Multi-Fuel Station in the Netherlands
Total Nederland and PitPoint.LNG have started construction of a new multiple-energy truck station at the new A1 business park in Deventer, the Netherlands.
Oil & Gas Trade
11-09-2020
Russia's Gazprom Boosts Natural Gas Supplies to China
Russia's supply of natural gas to China via the Power of Siberia rose to 12 million cubic meters per day in July and August.
Market Analysis
10-09-2020
Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with the company’s heavy debt burden.
Oil Price
10-09-2020
Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingdom slashing its oil production as part of the new OPEC+ pact.
LNG
10-09-2020
Vietnam's Delta Offshore Energy Seeks Long-Term LNG Supplies
Delta Offshore Energy has launched a request for proposal for a long-term contract to buy liquefied natural gas.
Crude Oil
09-09-2020
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement.
Oil&Gas Drilling
09-09-2020
PGS Wraps up Seismic Campaign Offshore
Norwegian seismic player PGS has completed its 2020 acquisition campaign in Angola’s Namibe Basin.
Oil Pipeline
09-09-2020
Man Industries Received Pipeline Order of Rs 3.7 Crore from IHB Pvt Ltd
The pipeline, once constructed, is expected to be the world's longest LPG pipeline.
Oil & Gas Trade
09-09-2020
To Ensure Russia Has not Lost Market Share, Moscow to Build up Half-Finished Oil Wells
Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of unfinished oil wells.
Oil&Gas Drilling
08-09-2020
Worldwide Offshore Rig Count in August Down 74 Units Year Over Year
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
Oil&Gas Drilling
07-09-2020
Rig Platform Arrives in Mossel Bay Ahead of Drilling
The rig platform, the Deepsea Stavanger, arrived in Mossel Bay on 21 August ahead of its deployment to the Outeniqua Basin, where it is scheduled to work on the next phase of the Luiperdpadda Project.
Oil Price
07-09-2020
Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on Friday.
Oil & Gas Trade
06-09-2020
US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo
The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran's oil exports.
Oil & Gas Trade
06-09-2020
Russia's Gazprom Starts LPG Supplies to Crimea Via New Bridge
Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow annexed from Ukraine in 2014
Crude Oil
04-09-2020
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Oil Price
04-09-2020
Canadian Oil Prices Rise On Pipeline Shutdown
The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the weekend.
LNG
04-09-2020
Cyprus Makes A Major Bet On LNG
The discovery of Cyprus’ first gas field, offshore in the Eastern Mediterranean, was reason for celebration in December 2011.
LNG
03-09-2020
Shell Builds Fifth LNG Bunkering Station in Germany
Shell, headquartered in The Hague, has built a new liquefied natural gas refueling station in Kirchmüttek, Germany, expanding its LNG refueling network.
LNG
03-09-2020
Global LNG Deliveries Stay Low in August
Global LNG deliveries fell on the year for the third consecutive month in August, with southern Europe and Latin America recording the sharpest drops in demand.
Crude Oil
03-09-2020
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand also stimulating more production.
Oil Pipeline
03-09-2020
Neptune Setting up World’s Longest Heated Production Pipeline
Installation of the world’s longest heated subsea production pipeline is underway in the Norwegian sector of the North Sea.
Oil Field
03-09-2020
Husky Energy Nearing Completion of Chinese Gas Project
Canadian oil and gas company Husky Energy is nearing the startup of the Liuhua 29-1 field at the Liwan Gas Project offshore China.
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