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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
CNPC
11-05-2020
PetroChina Makes a New Natural Gas Find in Southwest China
PetroChina, through its affiliate PetroChina Southwest Oil and Gasfield Company , has discovered a large gas belt with an estimated reserve of over 1,000 bcm in the Sichuan Province.
Oil & Gas Trade
11-05-2020
NOC to Produce LPG in Sharara Oil Field for Local Consumption
National Oil Corporation’s subsidiaries and Repsol Consortium have reached the final stages of an ambitious study to recover LPG contained in flare gas in the Sharara oil field.
Oil Price
11-05-2020
Murphy Oil to Close Arknsas, Alberta Offices
Murphy Oil has announced that it is closing its legacy headquarters in Arkansas and shuttering an office in western Canada.
Oil & Gas Trade
11-05-2020
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
LNG
11-05-2020
Nuclear Power to Be Replaced with LNG, Renewable Energy Powers
The South Korean government is planning to reduce the number of nuclear power plants in South Korea to 17 and halve the number of coal power generators to 30 by 2034.
Oil&Gas Drilling
11-05-2020
SOCAR Starts Drilling New Well at Umid Gas Field
The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.
SINOPEC
11-05-2020
Sinopec Puts China's Largest Petrochemical Port into Operation
China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker from the Middle East.
Oil Price
11-05-2020
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns.
Crude Oil
09-05-2020
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting that this would be in no small part because of the production cuts implemented by all major producer
Oil and Gas Technology
09-05-2020
Itron Announces Innovative Gas Technology for Gen5 Network
Itron has announced its innovative 500G gas Encoder Receiver Transmitter module is now available on its Gen5 network.
Oil&Gas Drilling
09-05-2020
Odfjell Drilling's Deep-Sea Yantai Got the Green Light
Neptune energy is exploring and drilling in the north sea using the yantai deep-sea semi-submersible drilling platform.
Oil & Gas Trade
09-05-2020
India's LNG Imports Jumped 18 % in 2019-2020
India's imports of liquefied natural gas (LNG) jumped by 18% in 2019-2020.
Oil Field
09-05-2020
Ghana Instructs Eni and Local Producer to Combine Oil Fields
Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields.
LNG
09-05-2020
GLOBAL LNG: Asian Spot Prices Recover a Little on Improving Demand
Spot prices for liquefied natural gas in Asia rose slightly this week.
Oil & Gas Trade
08-05-2020
U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever
The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand.
Oil & Gas Trade
08-05-2020
North American Oil Producers Cut Output Quicker Than Some Expected
OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, sending prices plunging.
Oil & Gas Trade
08-05-2020
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Oil&Gas Drilling
08-05-2020
PTTEP Makes New Oil Discovery Offshore Mexico
PTTEP and its joint venture partners made two successful deep-water oil discoveries in Block 29, offshore Mexico, with good quality reservoirs. Commercial potential of the new discovery will be assessed in the next phase.
Oil Price
08-05-2020
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recovery—and this move sent oil prices jumping early on Thursday after the price announcement.
Oil Price
08-05-2020
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields producing 230,000 bpd, Reuters reported on Thursday, quoting three sources familiar with the matter.
Oil Shale
08-05-2020
Top US Shale Producer Sees Oil Price Recovery Continuing
Pioneer natural resources, a U.S. shale oil producer, expects prices to return to at least $45 a barrel this year.
Oil Price
07-05-2020
In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude
Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.
Crude Oil
07-05-2020
Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting in mid-May.
Crude Oil
07-05-2020
Korea's SK Innovation Sees Refining Slump Continuing
SK Innovation, the south Korean oil refiner, sees no sign of recovery.
Crude Oil
07-05-2020
Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd
U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister Pavel Sorokin told local media on Wednesday.
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