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Iraq’s Artawi Oil Field Gets Ready for a Massive Boom

Iraq’s Artawi Oil Field Gets Ready for a Massive Boom

Oil & Gas Trade
22-07-2019

Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
Crude
22-07-2019

China Imported 5 Million Tonnes of Crude Oil From Myanmar
China imported 5 million tonnes of crude oil via the China-Myanmar oil and gas pipeline in the first half (H1), up 2.7 percent year on year, hellenicshippingnews.com reported quoting Kunming Customs in southwest China’s Yunnan Province.
Oil & Gas Trade
22-07-2019

Iran Says Tanker Incidents Have Not Impacted Its Oil Exports
Britain has called Iran's capture of the Stena Impero in the Gulf on Friday a "hostile act" and rejected Tehran's explanation that it seized the vessel because it had been involved in an accident.
LNG
20-07-2019

Italian and Chinese Majors Vie for Pakistan's Mega LNG Tender
Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in a tender worth billions of dollars.
Coal Power
19-07-2019

Germany is Renouncing Nuclear and Coal
Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep the lights on.
Oil&Gas Drilling
19-07-2019

The U.S. Offer 77.8 Million Acres Sale for Oil and Gas Exploration and Development in the Gulf of Mexico
The proposed sale will be the fifth offshore sale under the US Administration’s Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. The US Bureau of Ocean Energy Management (BOEM) is planning to offer 77.8 million acres in lease sale.
Oil & Gas Trade
19-07-2019

Chinese Oil Refiners Want Changes to Tax Laws on the Consumption and Sale of Fuel Oil
Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean fuel rules start in 2020, four executives at Chinese oil companies said this week.
Oil&Gas Drilling
19-07-2019

An Canadian Oil Platform Spilled Nearly 3,200 Gallons of an Oil-water Mix into the Atlantic Ocean
An oil platform off the Canadian island of Newfoundland spilled nearly 3,200 gallons of an oil-water mix into the Atlantic Ocean, and efforts were underway to minimize the environmental impact, ExxonMobil said Thursday.
Oil&Gas Drilling
19-07-2019

US Gas in Storage Increased to 2.533 Tcf
The US Energy Information Administration on Thursday reported a 62 Bcf build to US natural gas storage for the week ending July 12, marking the first bullish report from the agency during this injection season.
Shale Gas
18-07-2019

Argentina's Surging Shale Oil Production is Feeding More Supplies
Argentina's surging shale oil production is feeding more supplies to the country's refineries, helping to increase run rates, the Neuquen government said Wednesday.
Oil & Gas Trade
18-07-2019

Gas is Not a Profitable Business and It is a Byproduct Now
Bakken producer Northern Oil and Gas chief financial officer Nick O'Grady described natural gas as "a byproduct" Wednesday, as exploration and production companies target the most oil-rich wells in order to boost internal rates of return.
Oil Price
18-07-2019

Oil Prices were Sent Crashing as the Oil Markets Fear a Resolution of Tension in the Middle East
Oil prices were sent crashing on Wednesday afternoon after a Politico report that US Senator Rand Paul may soon sit down at the negotiating table with Iranian Foreign Minister Javad Zarif in an effort to smooth heightened tensions between the two nations.
Crude
18-07-2019

US Crude Inventories Fell 3.1 Million Barrels, the EIA Said
Oil prices steadied on Thursday after falling in the previous session when official data showed United States (US) stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.
Oil & Gas Trade
18-07-2019

China Exported 1,536 Tons of Refined Oil to North Korea in May
The May figure brought China's cumulative supply of refined oil products to the North to 5,730 tons this year, the report posted on the website of the sanctions committee on North Korea showed.
Oil&Gas Drilling
17-07-2019

Oil And Gas Activity To Recover in Gulf of Mexico After "Barry"
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
LNG
17-07-2019

The US and China To Be The World's Biggest LNG Exporters And Importers
The United States and China will become the world’s biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).
Oil & Gas Trade
17-07-2019

IEA Said “It Does Not Change the Fundamental Outlook of an Oversupplied Market”
The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty, but the IEA said it “does not change the fundamental outlook of an oversupplied market.”
Oil & Gas Trade
16-07-2019

The UK Drop into the Broader Tensions between The U.S. and Iran
The UK move against the tanker, whether directly instigated by the United States or not, immediately drew the UK into the broader tensions between the U.S. and Iran.
Oil&Gas Drilling
16-07-2019

EU Imposes Financial Sanctions on Turkey
EU will halt high-level dialogue with Turkey, suspend talks over aviation deal, cut 145.8 million euros in pre-accession financial funds allocated for 2020.
Crude
16-07-2019

Chevron Spills Nearly 800,000 Gallons of Oil and Water into a California Canyon
Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major oil spills.
Shale Gas
16-07-2019

Shale Oil And The Illusion of US Energy Independence
U.S. crude oil and energy product exports surged to an all-time high in the third week of June, making the country a net exporter of oil and products for the third time since November 2018.
Oil & Gas Trade
15-07-2019

Kuwait Joint Cooperation Protocol Signed to Protect Key OPEC Exporter’s Ports
Joint cooperation protocol signed to protect key OPEC exporter’s ports to ‘ensure full readiness for any potential emergency’.
Oil & Gas Trade
15-07-2019

The Oil Market will Weigh Fresh Cues on Chinese Demand
Sour crude benchmark Dubai futures' discount to ICE Brent widened slightly in mid-morning trade in Asia Monday, while the market will weigh fresh cues on Chinese demand, which has been driving premiums higher for Middle East barrels in recent days.
Crude
15-07-2019

Crude Oil Futures were Lower During Mid-Morning Trade in Asia
Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil fundamentals by the International Energy Agency also pushed prices lower.
LNG
15-07-2019

Korea Gas Corp.'s LNG Sales in June Dropped 14%, Due to Weaker Demand for Power Generation
South Korean state-owned Korea Gas Corp.'s LNG sales in June dropped 14% from a year earlier, marking the biggest decline in 32 months, due to weaker demand for power generation.

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