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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

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
28-12-2019

Russian Oil Company Enters Two Blocks Offshore Egypt
Russian state-controlled oil company Zarubezhneft has entered into a production sharing agreement for two offshore blocks blocks in Egypt.
Oil & Gas Trade
27-12-2019

Russia:OPEC+ May Consider Ending Oil Cuts by 2020
The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on Friday.
27-12-2019

Egypt Signs 4 Oil, Gas Deals Worth 155 mln USD
Egypt's Minister of Petroleum Tarek al-Molla on Wednesday said four new agreements valued at 155 million U.S. dollars were signed with local and international companies for exploration of oil and natural gas.
Oil & Gas Trade
27-12-2019

Iran Vice President Admits Oil Exports Hugely Down Due to Sanctions
First Vice President Es’haq Jahangiri said today that Iran’s oil exports have hugely declined due to U.S. sanctions but did not disclose how much oil is being exported now to keep it secret from those who are not “trusted to know”.
Oil & Gas Trade
26-12-2019

Russian Companies’s Latest Plan to Avoid U.S. Sanctions
Trump's signing the 2020 NDAA into law on Friday, and with it, sanctions targeting European and Russian companies laying the Nord Stream 2 pipeline, had the immediate impact of forcing a work stoppage over the weekend as Allseas.
Oil & Gas Trade
26-12-2019

Ukraine Approves Tariffs for Russian Gas Transit to Europe
Ukraine has approved tariffs for Russian gas transit and granted a licence to its new gas pipeline system operator, the necessary steps on the way to complete a new 5-year deal for Russia’s gas supply to Europe, its regulator said on Tuesday.
Crude
26-12-2019

Shell Wins Auction of Guyana's First Three Crude Oil Cargoes
Royal Dutch Shell won the rights to market Guyana’s first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.
Oil & Gas Trade
25-12-2019

How US Sanctions Could Hit Russia’s Nord Stream 2 Gas Project
Swiss-Dutch company Allseas, which was laying the pipeline using two vessels – Pioneering Spirit and Solitaire – suspended work to avoid US sanctions. Allseas was expected to lay 96% of all the pipes needed for Nord Stream 2.
Oil and Gas Equipment
24-12-2019

Russia Says Nord Stream 2 Gas Pipeline Will Be Completed in Matter of Months
Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.
Oil and Gas Equipment
24-12-2019

French Union Workers Vote to Halt Production at key Oil Facility
French workers voted on Monday to halt production at a key oil facility that supplies Paris and the surrounding region, joining other petroleum industry shutdowns in a nationwide strike against government pension reforms.
Oil Price
23-12-2019

Crude Oil Prices Drift Lower Despite US-China Trade Hopes
Crude oil prices drifted lower in the Asia Pacific Monday session, but remained close to three-month highs after three straight weeks of gains which have now meant seven weekly rises out of the past ten.
Energy Security
22-12-2019

Threat to Energy Security: Oil Companies Fear Disruption in Imports
Imports of petroleum products into Pakistan may be disrupted as the terminals operated by Karachi Port Trust (KPT) has stopped working, threatening energy security in the country.
Oil & Gas Trade
21-12-2019

Germany Helps Broker Russian Gas Transit Deal Via Ukraine to EU
Following intense negotiations, Russian, Ukrainian representatives have reached an agreement in principle in Berlin on 19 December to continue the transit of Russian gas through Ukrainian territory.
Oil&Gas Drilling
20-12-2019

NPD Grants Equinor A Drilling Permit,Mist Well
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat well located in the Barents Sea offshore Norway.
Oil & Gas Trade
20-12-2019

Shell-Reliance Give up Panna-Mukta Fields; Western Offshore Fields Revert to ONGC
Panna-Mukta and Tapti oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance.
Oil & Gas Trade
20-12-2019

Gas to Become Energy Transition’s 'Second Pillar'
The use of gas from all sources will become more important as Germany seeks to decarbonise its economy and phase out nuclear power, the new head of Germany's largest energy industry lobby group, BDEW, has said.
20-12-2019

U.S. Renews Waiver on COSCO's Dalian Tanker Unit Hit by Iran Sanctions
The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company on which it had imposed sanctions in September for allegedly transporting Iranian oil.
Oil&Gas Drilling
20-12-2019

Canada approves CNOOC’s offshore drilling project
The Chinese oil company (CNOOC) has received permission to drill in Canada’s Flemish Pass, 400 kilometers east of St. John’s, Newfoundland and Labrador.
Oil & Gas Trade
20-12-2019

India, Bangladesh promote cross-border energy corridor
The Rs. 346 crore, 130-kilometre India-Bangladesh Friendship Pipeline Project is a landmark project being undertaken under the grant assistance from India to Bangladesh.
Oil and Gas Technology
19-12-2019

IOC's INDMAX Refining Technology Is Selected by Serbian Oil&Gas Company
After creating ripples in the domestic refining sector, state-owned Indian Oil Corporation's (IOC) state-of-the-art INDMAX refining technology has been selected by a Serbian oil and gas company for production of higher value products from crude oil.
Crude
19-12-2019

The Chemical That Caused Russia's Oil Contamination Crisis
A highly toxic and possibly illegally traded chemical substance was the main culprit in the crisis with contaminated oil, which had Russia interrupt oil flows on its Druzhba pipeline to Europe for around two months this spring.
LNG
19-12-2019

Plans for $2 Billion LNG Project in Philippines Have Been Put On Hold
The facility was supposed to have a capacity of 2.2 million tonnes per year, with a targeted start-up by 2023.
18-12-2019

Indian Oil's Gujarat Refinery Dispatch Low-sulphur Marine Fuel
Earlier, IndianOil chairman, Sanjiv Singh unveiled the plaque marking the mechanical completion of the New Amine Regeneration Unit and ISBL (Power Grid Import) facility under BS-VI project during his visit to Gujarat Refinery.
Oil&Gas Drilling
18-12-2019

Drillers in Oil Field are Burning Off More Natural Gas than Ever Before
Methane-emissions intensity in the Permian Basin plunged 64% in the past seven years, even as crude production surged, according to a report by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association.
Crude
18-12-2019

Trump Claims To Have Taken Control Of Middle East Oil
“We’ve taken control of the oil in the Middle East, the oil that we’re talking about, the oil that everybody was worried about. We have the U.S. control of that,” Trump said.

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