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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
Philippines
13-08-2020
Shell Unit Shuts Philippine Refinery as Ppandemic Slashes Margins
The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow.
Oil Field
13-08-2020
Kazakhstan Reduces Production of Oil and Condensate by 1.4%
Oil and condensate production decreased by 1.4% in seven months of 2020.
Russian Federation
12-08-2020
Huge Blast Rips Through Gas Station in Russian City of Volgograd, Injuring at Least 13
At least 13 people are injured following an explosion sparked by a fire at a gas station in Volgograd, Russia, with 10 of the victims being rushed to the hospital.
Oil & Gas Trade
12-08-2020
Russia's Oil Product Exports to the U.S. Jump to 16-Year High
Russia's exports of petroleum products to the United States more than doubled in the first half of 2020 compared to the same period last year.
Gas power plant
12-08-2020
Siemens and BP to Expand Largest Gas-to-Power Project in Latin America
Brazil-based State Power Investment Corporation, has signed a deal with EIG Global Energy Partners, bp and Siemens to acquire a 33% stake in the largest gas-to-power project in Latin America.
LNG
12-08-2020
Sempra Energy Says Cameron LNG Plant Launches Full Commercial Operations
US energy company Sempra Energy said late Monday its $10 billion Cameron liquefied natural gas (LNG) export terminal in Louisiana has started full commercial operations under its tolling agreements.
LNG
12-08-2020
Brazil’s SPIC to Acquire Stake in LNG-to-Power Projects
Brazil’s State Power Investment Corporation (SPIC) has signed an agreement with Siemens, BP and Prumo to acquire a 33% stake in two LNG-to-power projects.
Oil & Gas Trade
11-08-2020
Shale Job Losses Accelerating and the Worst May be Yet to Come
Roughneck job cuts accelerated in July and the outlook may worsen as new Covid-19 cases stifle economic activity, according to the Petroleum Equipment and Services Association.
Saudi Arabia
11-08-2020
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imposed to curb the coronavirus pandemic drastically cut the demand for oil and slammed prices.
Azerbaijan
11-08-2020
BP has Ambitious Long-Term Plans for Work in Azerbaijan's Oil&gas Sector
BP will continue its business in Azerbaijan, Bakhtiyar Aslanbayli, BP’s communications and advocacy vice president for the Middle East and Caspian Region stated, Trend reports with reference to Aslanbayli’s official Twitter page.
Crude Oil
11-08-2020
Australia’s Ampol to Restart Lytton Refinery
Australian refiner and fuel marketer Ampol plans to restart its 109,000 b/d Lytton refinery in September and reach full production in early October.
Crude Oil
11-08-2020
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas Trade
11-08-2020
Algeria's Gas Exports to Fall Sharply in 2025
Algeria's gas exports will drop to 26 billion to 30 billion cubic metres per year in 2025 from 45 billion in 2020.
Saudi Arabia
10-08-2020
Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.
Saudi Arabia
10-08-2020
Oil Rises on Saudi Aramco's Upbeat Demand View
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains.
Oil & Gas Trade
10-08-2020
Iran Moves from Oil to Petrochemicals in Export
Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.
Oil & Gas Trade
10-08-2020
Libya's Oil Blockade Will Help Clear the Global Supply Glut
Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020
Oil&Gas Drilling
10-08-2020
Turkey Resumes Energy Exploration in Eastern Mediterranean
Turkey has resumed energy exploration activities in the eastern Mediterranean Sea.
Oil&Gas Drilling
09-08-2020
Demand For Offshore Oil Rigs To Return In 2022
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities.
Oil & Gas Trade
09-08-2020
U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one very small shipment back in 2002.
LNG
09-08-2020
Chevron Can Make Lsrael’s Leviathan a Global Gas Supplier
According to the chief executive officer of Delek Drilling, Chevron’s entry into Israel’s Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier.
LNG
09-08-2020
Inpex Hit by $1.3 bln Australian LNG Assets Impairment
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.
Oil Field
08-08-2020
Petrobras Reaches Record Buzios Output in July
Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil.
India
08-08-2020
Total and Adani Group to Apply for Petrol Pump Licence in India
A newly formed joint venture of French supermajor Total and an Adani group firm will soon apply to the government for permission to open petrol pumps in India.
Crude Oil
08-08-2020
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
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