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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 Trade
08-08-2020
Ukraine to Increase Domestic Natural Gas Production
Ukraine’s largest natural gas producer, Ukrgasvydobuvannya, will increase domestic natural gas production, reduce the country’s dependency on imports and improve the efficiency and transparency of the sector.
Oil & Gas Trade
07-08-2020
US Firm Secures Oil Deal with US-Backed Forces in Syria
A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the war-torn country.
China
07-08-2020
Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand
Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.
LNG
07-08-2020
Global LNG Deliveries Fall Again in July
Global LNG deliveries fell on the year for the second consecutive month in July, mostly as a result of slower demand in Latin America and some of the largest importers in northeast Asia.
Crude Oil
06-08-2020
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be viable.
Oil & Gas Trade
06-08-2020
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.
Oil Pipeline
06-08-2020
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
U.S. pipeline company Equitrans Midstream Corp said on Tuesday it still expects to complete the $5.4 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in early 2021.
05-08-2020
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-owned oil firm Socar.
Oil&Gas Drilling
05-08-2020
Neptune Energy Makes 'Significant' Oil Discovery in Norway
Britain's Neptune Energy and its partners have discovered oil at a jointly owned drilling license in the Norwegian part of the North Sea.
Oil & Gas Trade
05-08-2020
Ukraine Says no Plans to Resume Gas Purchases from Russia
Ukraine's state energy firm Naftogaz said it would not resume buying natural gas from Russia.
Oil&Gas Drilling
04-08-2020
U.S. Offshore Rig Count at 12 for Four Weeks Straight
The U.S. offshore rig count has remained flat for another week, making this the fourth week straight with 12 active units.
Crude Oil
04-08-2020
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Nigeria
03-08-2020
Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can be harnessed and leveraged for economic growth opportunities.
Oil Price
03-08-2020
ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s
Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.
Russian Federation
03-08-2020
Poland Fines Gazprom $57 million over Nord Stream 2
Poland’s antimonopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) (GAZP.MM) for lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project.
Crude Oil
03-08-2020
Iran Clears Oil Spill in Northern Gulf Region
Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.
Market Analysis
01-08-2020
European Oil Major Trading Units Provide Buffer in Rough Second Quarter
The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel
Market Analysis
01-08-2020
Oil Demand May Never Recover from COVID-19 Crisis, says Shell CEO
Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic.
Oil Field
31-07-2020
CNPC in Talks to Buy $1.5-Billion Stake in BP’s Oman Gas Field
Chinese state-held giant China National Petroleum Corporation is in advanced talks to buy a 10-percent stake in a giant natural gas field in Oman from BP in a deal that could be worth US$1.5 billion.
Oil Pipeline
31-07-2020
Trump Allows Existing Keystone Oil Pipeline To Boost Capacity
TC Energy, the right to increase the maximum throughput capacity, while the Keystone XL project continues to face significant legal hurdles to starting construction.
Qatar
31-07-2020
Qatar: Qatar Petroleum Wins ‘New Venturer of the Year Award’
Qatar Petroleum, in honor of its outstanding and growing international exploration presence around the globe, has been awarded the “New Venturer of the Year Award”.
Oil & Gas Trade
30-07-2020
US extends LNG Export Term to 2050
The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the year 2050.
Netherlands
30-07-2020
Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend
Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.
United States
30-07-2020
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability of some oil and gas assets and the timing of peak demand.
Oil Price
30-07-2020
Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
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1
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TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source
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Pemex Deer Park, Texas, Refinery Reports Spill Into Houston Ship Channel
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U.S. Weighs Sanctions on Russia Energy Flows, but Time Is Not 'Right Now'
