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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 Drilling
06-01-2020
New Zealand Oil Exploration Hinges on Great South Basin
OMV's drilling programme off the Otago coast this summer will probably determine whether there is any further exploration in New Zealand waters, a leading energy analyst says.
Market Analysis
06-01-2020
Oil Industry Braces for more Mideast Turmoil After Soleimani Killing
The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated – direct military confrontation between the two adversaries.
Oil & Gas Trade
05-01-2020
Baltic Pipeline Opens to Ease Natural Gas Dependence on Russia
Stored natural gas has begun flowing to Finland from Latvia through the new Balticconnector pipeline in a bid to ease the region's dependence on Russian gas.
Market Analysis
05-01-2020
Oil Infrastructure at Risk as Iran Looks to Avenge Soleimani's Death
Energy infrastructure around the Persian Gulf could be among the most tempting targets for Iran in seeking retaliation for the U.S. killing of Gen. Qassem Soleimani.
Oil & Gas Trade
05-01-2020
Russia to Resume Limited Oil Supplies to Belarus Amid Talks
Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening economic ties between the neighboring countries.
Crude
03-01-2020
Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana
Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.
Oil & Gas Trade
03-01-2020
Greece, Cyprus and Israel Sign Agreement to Build Gas Pipeline
Greece, Cyprus, and Israel have signed an agreement to construct 1,900-kilometer undersea pipeline to carry natural gas from the eastern Mediterranean to Europe and potentially help the continent reduce its dependency on Russia for energy supplies.
Oil&Gas Drilling
03-01-2020
China's Top Coal Province to Seek Investors Extracting Gas from Abandoned Mines
Shanxi holds about 2,052 sq km of depleted coal mine zones that could contain an estimated 72.6 billion cubic metres of coal-seam gas.
Oil & Gas Trade
02-01-2020
Jordan Gets The First Supplies of Israeli Gas
Under the agreement, the U.S.-Israeli consortium will supply Jordan gas for 15 years from the field in the Mediterranean.
Crude
02-01-2020
China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state firm’s first foray into making petrochemicals, three company sources said.
Oil & Gas Trade
02-01-2020
Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in the OPEC nation: delivering gasoline.
Oil & Gas Trade
02-01-2020
New Dispute Over Oil Could Be Brewing Between Russia and Belarus
Moscow and Minsk have had several oil and gas rows over the past decade in what has been described as love-hate relationship between president Vladimir Putin and Alexander Lukashenko.
Oil & Gas Trade
02-01-2020
Axxis Geo Solutions finally pens OBN survey deal in the Middle East
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has finally put pen to paper on a long-awaited final contract for a large OBN survey in the Middle East.
Oil & Gas Trade
01-01-2020
Bulgaria Starts Getting Transit-Free Russian Gas Via TurkStream
Bulgaria's Bulgargaz and Russia's Gazprom have agreed for Bulgaria to start receiving Russian gas directly from the TurkStream pipeline rather than through Romania starting 1 January to save some 81 million leva ($45 million), the Bulgarian gas company ha
Oil & Gas Trade
01-01-2020
Petrofac Clinches Deals Worth £100m in Oman
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).
Oil&Gas Drilling
31-12-2019
U.S. offshore rig count drops to 23
The number of offshore rigs in the U.S. slipped to 23 units over the last week, according to weekly rig count reports released by Baker Hughes on Friday, December 27.
LNG
31-12-2019
Novatek secures Bukharinskiy license through Arctic LNG 1 unit
Russian oil and gas company Novatek has secured the rights to explore the Bukharinskiy license through its Arctic LNG 1 unit.
Oil & Gas Trade
31-12-2019
Oil Regulator Seeks to Rationalize Natural Gas Pipeline Tariff
Presently, the country has a network of 16,981-km of pipelines, with each having a different tariff.
Oil & Gas Trade
31-12-2019
U.S. Sanctions on Nord Stream 2 Affect Hurry-up Work
Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, senior U.S. officials said on Sunday.
Oil & Gas Trade
30-12-2019
Putin & Merkel Agree to Keep Supporting Nord Stream 2 Project
President Vladimir Putin and Chancellor Angela Merkel have reiterated their support for the Nord Stream 2 natural gas pipeline from Russia to Germany, the Kremlin says, as the US seeks to curb the project with sanctions.
Oil & Gas Trade
30-12-2019
Gazprom, Ukrainian Companies Join Gas Talks in Vienna
CEO’s of Russia’s Gazprom and Ukrainian companies, as well as senior ministries officials have joined the gas transit talks in Vienna, a Gazprom spokesman told reporters on Sunday.
Oil & Gas Trade
29-12-2019
Iraq's Exports, Production not Affected by Halting Nassiriya Oilfield
Halting production from Iraq’s southern Nassiriya oilfield on Saturday by protesters will not affect the country’s exports and production operations, the oil ministry said on Sunday.
Oil & Gas Trade
29-12-2019
‘OPEC+ may Consider Ending Production Cuts in 2020’
The Organisation of Petroleum Exporting Countries and non-OPEC allies, including Russia, may consider ending their oil output curtailment deal next year in order to preserve market share and implement projects.
Crude Oil
29-12-2019
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a statement that three bombs hit close to its oil storage tanks in the last 48 hours.
Oil & Gas Trade
28-12-2019
OPEC Cuts ‘Can’t Last Forever,’ Russian Energy Minister Warns
OPEC output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.
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