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Oil & Gas
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
29-07-2020
Aral to Build more than 100 350kW Ultra-Fast Charging Points at Retail Sites in Germany
Following a successful 12-month pilot project at five of its retail sites, Aral, bp’s market leading fuel retail brand in Germany.
Oil Pipeline
29-07-2020
China Starts Building Southern Part of China-Russia East Gas Pipeline
Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia.
LNG
29-07-2020
Consortium-Led LNG to Power Project in Myanmar Gets Approval
A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.
Oil & Gas Trade
28-07-2020
Jet Fuel Crisis Will Hurt Oil Demand For Years To Come
A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The National.
United States
28-07-2020
Another Permian Oil Producer Files For Bankruptcy
Permian oil producer Rosehill Resources said on Monday that it had filed for bankruptcy protection, becoming the latest shale casualty of the collapse in oil prices.
Norway
28-07-2020
How One Oil Major Excelled As Prices Crashed
When oil prices plunged to historic lows in April, the majority of oil producers, including OPEC+ nations, responded by drastically cutting production to get rid of the huge supply overhang.
Oil Price
28-07-2020
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus cases across the globe.
Oil & Gas Trade
28-07-2020
In the First Half of 2020, Uzbekistan's Natural Gas Production Fell by 17.1%
The National Statistics Committee of Uzbekistan said on Monday that from January to June this year.
Oil&Gas Drilling
28-07-2020
Eni Confirms Gas Potential in Discovery Offshore Vietnam
Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.
Oil Pipeline
28-07-2020
Pipeline Blast Halts Gas Flows from Bulgaria to Greece
An explosion damaged a pipeline in southwestern Bulgaria early on Monday, halting transit of Russian natural gas through Bulgaria to Greece。
Oil & Gas Trade
27-07-2020
OnTurtle Makes Major Expansion With 88 Fuel Service Stations
OnTurtle, as part of its expansion plan developed together with its German supplier, BAYWA, has expanded its presence in Germany with 88 new fuel service stations.
Oil Field
27-07-2020
TAQA Files Decommissioning Plans for Two North Sea Platform Topsides
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Oil & Gas Trade
26-07-2020
Kuwait Heavy Oil Output to Hit 75,000 b/d by September
State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,000 b/d by September.
Oil & Gas Trade
26-07-2020
Indonesia’s August Gasoline Imports Likely to Stay Low
Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.
Crude Oil
26-07-2020
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil Field
25-07-2020
Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.
Oil Price
24-07-2020
Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas Trade
24-07-2020
US Crude Floating Storage Shifts Toward Asia
Adds US crude export pricing context.
LNG
24-07-2020
Golar to Supply LNG to Norsk Hydro Aluminum Smelter
LNG and energy firm Golar Power signed a memorandum of understanding with fellow Norwegian firm Norsk Hydro to supply LNG to its Hydro Alunorte smelter.
LNG
24-07-2020
Chan May LNG to Build Power Project in Vietnam with $6bn Investment
US-Vietnamese joint venture Chan May LNG has reportedly planned to invest nearly $6bn in a power project in Vietnam.
Oil & Gas Trade
23-07-2020
Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May
The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.
Saudi Arabia
23-07-2020
Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Oil Pipeline
23-07-2020
India: Unified Tariff on Gas Pipelines from September
In yet another reform initiative in the oil and gas sector, pipeline operators in the country may shift to a unified or pooled tariff regime for inter-connected cross-country gas pipelines from September 1.
Oil & Gas Trade
22-07-2020
What’s Next For Oil And Gas?
Oil demand has been decimated by Covid-19, bottoming in April at 76 million barrels per day, down 25% from 102 million barrels per day in December 2019.
Oil Field
22-07-2020
CNOOC 21/2/16-3 Regional Development Project Put into Production
CNOOC announced that the Luda 21-2/16-3 regional development project has been put into operation.
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