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Oil Price
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
LNG Carrier
PGNiG Group Contracts Ships for Transporting US LNG
Chartered gas carriers will be used for trading LNG contracted by PGNiG with American suppliers.
Oil&Gas Drilling
Shell Takes Stakes in Transkei & Algoa Blocks Offshore South Africa
Under the terms of the farm-out agreement, Shell will acquire a 50% working interest in the Transkei & Algoa blocks and operatorship.
Microgrid
SEforALL Backs Mini-Grid Deployment in Sierra Leone and Madagascar
The Universal Energy Facility, a results-based financing facility managed by Sustainable Energy for All, is now open – with its first wave devoted to supportin…
Oil & Gas Trade
Saudi Gas Production Jumps To Record
Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.
Italy
Enel Announces New 2030 Gas Emissions Reduction Target
Italian multinational energy company Enel has committed to an 80% reduction in its direct greenhouse gas emissions per kWh by 2030, from a 2017 base-year.
Oil & Gas Trade
French Company Abandons Plans to Import US Gas
The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ampl…
Oil Field
Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
Oil&Gas Drilling
Nigerian Operator Produces First Oil from Shallow-Water Project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.
Oil Price
Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir s…
Air Products to Showcase Advanced Technologies, Equipment and Solutions
Air Products (NYSE: APD), a world-leading industrial gases company serving the China market for 33 years, will exhibit for the first time in the 3rd China Inter…
Market Analysis
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…
Oil Price
Oil Prices Hold Steady Ahead of U.S. Elections
Oil prices held steady on Tuesday ahead of the U.S. presidential election, retaining their steep overnight gains but capped by demand concerns and worries about…
Shell Acquires Full Control of Chinese Gas Station Joint Venture
Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in …
South Korea
KSOE Receives Order for up to Four LNG Carriers
Korean Shipbuilding & Offshore Engineering has secured a building order for two 174,000m³ LNG carriers, with options for another pair.
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