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Market Analysis
Biden's Silence on Minnesota Oil Pipeline Frustrates Advocates
Line 3, a comparable project to the canceled Keystone XL pipeline, runs counter to the president's stated climate and environmental goals.
OPEC
OPEC+ Discussing Gradual Oil Output Rise from August
The talks mean that OPEC and Russia are likely to find common ground again on oil production policy
Crude Oil
Oil Giants See Crude at $100/barrel on Supply Side Constraints
Global oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing
Crude Oil
Brent Rallies Close to $76 as Markets Remain Tight
Oil also gained from a projected drawdown of US crude inventories
Oil & Gas Trade
Gazprom Plans to Supply 8.5 billion cubic meters of Natural Gas to China This Year
Gazprom said that it plans to supply 8.5 billion cubic meters of natural gas to China this year and double its income from natural gas exports to China.
Oil Field
Iran Kickstarts Production At Giant Offshore Oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.
Natural Gas
Environmental Knowledge and Solutions Initiative: GECF Explores Consensus on Methane Emissions
It exists in abundance on Earth and has even been found on other planets, including Mars, but this major force of life – methane – can also harm the environme…
Oil Field
Bitcoin Fracking Turns Waste Gas to Digital Gold in Bakken Oil Field
Natural gas produced as a byproduct in Bakken oil production is often flared as waste. Near Sidney, Montana, one company is converting it to cryptocurrency inst…
Reactivation of the Hydrocarbons Sector Continues with the Colombia Round 2021, which will Offer 32 New Areas to Investors
The National Hydrocarbons Agency (ANH) launched the Colombia 2021 Round that brings 32 new areas to investors, 28 of them offered by the ANH and 4 presented by …
Energy Investment
Aramco Closes $12.4bn Pipelines Deal with EIG-led Consortium
Sale of a 49% stake in Aramco Oil Pipelines attracted investors from North America, Asia and the Middle East
LNG
Chinese Joint Venture Orders Three more LNG Carriers
A joint venture between Chinese state-controlled shipowner Cosco Shipping Energy Transportation and state-owned energy firm CNPC has ordered another three LNG c…
Oil Exploration
Vår Energi Makes ‘Significant’ Discovery in Balder Area
Oil and gas company Vår Energi has made a ‘significant’ discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern …
Crude Oil
Venezuela’s Oil Boss Projects Soaring Output, Despite Crumbling Infrastructure and U.S. Sanctions
In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it.
Oil Field
China Discovers 900m-Tonne Oil and Gas Field in Xinjiang
China has discovered a new 900-million-tonne oil and gas field in the Tarim Basin in the northwestern Xinjiang Uygur Autonomous Region after six years' intensiv…
Crude Oil
Iraq Expects Oil Prices to Reach $80/bbl - State News Agency
Iraqi expects oil prices to reach $80 per barrel.
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