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Crude Oil
Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…
Market Analysis
Dutch Pin Hopes on ‘Hydrogen Valley’ to Revive Declining Gas Region
Near-silent buses shift around in a residential neighbourhood in the province of Groningen, home to one of the greenest industrial areas in the world.
Oil Pipeline
Michigan Judge Allows Restart of Disputed Line 5 Oil Pipeline
Enbridge resumed pumping through the Midwest pipeline.
Oil & Gas Trade
US Court Orders Seizure of Iranian Gasoline Cargoes
A US federal court today authorized the seizure of 1.16mn bl of Iranian gasoline aboard four tankers, which are allegedly transporting it to Venezuela.
Crude Oil
New Zealand Cuts 2020 Oil Output Forecast
New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.
Nuclear Power Plant
Nuclear's Role Recognised in US Decarbonisation Plan
The US House Select Committee on the Climate Crisis has released a report establishing a goal of reaching net-zero greenhouse gas emissions economy-wide in the …
UAE's Taqa Registers Dh4bn Loss in Q1 2020
Despite the challenging start to the year, TAQA is looking ahead and is well positioned to continue benefiting from stable revenue streams.
Oil&Gas Drilling
Odfjell Rig Heads to South Africa for Total Drilling Campaign
Odfjell Drilling's semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.
LNG
Volkswagen's First LNG-Powered Car Carrier Arrives in US
Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car carrier in the US Port of Davisville, Rhode Island.
South Africa
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…
Coal-Fired Power Plants
AES to Divest Stake in Itabo Power Plant to Grupo Linda
Global power company AES Corporation has agreed to sell its interest in the 295MW Itabo power plant in the Dominican Republic for approximately $101m.
Crude Oil
Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
LNG
TMS Cardiff Gas LNG Tanker Collides with Car Carrier off Belgium
A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping's car carrier offshore Belgium's Oostende.
Nigeria
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
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