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Oil Field
Shell Pulls Out of Cambo Oilfield
SHELL has pulled out of the Cambo oilfield project, saying that the economic case for investment isn’t strong enough.
Oil Field
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas …
LNG
Energy Regulator approves five LNG Storage Licences for DNG Energy
The Energy Regulator has approved five site licences for the importation and storage of liquefied natural gas (LNG) by black-owned energy company DNG Energy.
LNG
Korea Shipbuilders Win 91% of Global LNG Carrier Orders in Jan.-Nov. Period
Korean shipbuilders won 91 percent of the global orders for liquefied natural gas carriers in the January-November period of 2021.
Oil & Gas Trade
Iran Delivers Fourth Crude Condensate Cargo To Venezuela
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year.
Oil Price
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…
Oil & Gas Trade
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dolla…
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
Crude Oil
Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties
The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned
Crude Oil
Acelen to Boost Runs at Newly Acquired Brazil Refinery
Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the count…
Crude Oil
Production Starts at Angola’s Clov 2 Oil Project
Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…
Natural Gas
Australian LNG Exports Hit Record High in October
The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.
Oil&Gas Drilling
TotalEnergies Spuds Namibian Ultra-Deepwater Well
French energy major TotalEnergies has started drilling the ultra-deepwater Venus-1X exploration well located offshore Namibia, using a Maersk Drilling-owned dri…
Natural Gas
Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia
Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.
Natural Gas
Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run …
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