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Crude Oil
Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery
The US supply forecast was revised up as oil prices trade higher, according to Opec
Offshore Wind Power
Equinor, BP Win New York Contracts for Offshore Wind Power
Equinor announced in October it was bidding for the two projects, which together have the potential to power more than one million US homes.
Crude Oil
Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD
South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 20…
Crude Oil
OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday
Crude Oil
Novak Says Russia Backs OPEC+ 500,000 bpd Oil Output Hike from February
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit o…
Oil Field
Saudi Arabia Makes Four Oil and Gas Discoveries
Oil was discovered in the Al-Ajramiyah well, northwest of the city of Rafhaa, with tests showing a rate of 3,850 barrels per day (bpd).
Oil & Gas Trade
China Issues 122.59 mln T in 1st Round of Oil Import Quotas
Beijing had said inThe ZPC plant last month started operations at a 200,000 barrel per day (bpd) crude processing unit.
Oil Shale
U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…
Floating Solar Project
GHANA: BPA Connects a Floating Solar Power Plant in the Basin of the Bui Dam
The Ghanaian authorities have inaugurated a floating solar power plant built in the reservoir of the Bui hydroelectric dam in Ghana.
Crude Oil
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…
Oil Price
OPEC+ Working on Compromise for 2021 Oil Policy
The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).
Oil Field
BP Starts Drilling Platina Field Offshore Angola
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.
United Arab Emirates
Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.
BP Sells London HQ for Nearly $332 Million
Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.
Offshore Wind Power
New Jersey Aims for Offshore Transmission Tender in 2021
The New Jersey Board of Public Utilities (NJBPU) aims to launch a competitive solicitation for offshore wind transmission in 2021, aligning with the regional gr…
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