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Crude Oil
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Natural Gas
Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand
Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid …
Crude Oil
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Oil Price
Oil Prices Projected To Hit $125 In 2022
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
Natural Gas
Sound Energy Enters Gas Sales Agreement for Morocco’s Phase 2 Tendrara Development
The agreement covers the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10-year period.
Oil Field
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Natural Gas
Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says
The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.
Hydrogen Project
China's Sinopec Builds Xinjiang Hydrogen Plant
China's largest oil refiner, state-controlled Sinopec, has started building a production facility for hydrogen in Kuqa city in northwest China's Xinjiang region…
Coal Gasification
China’s Longest Coal-Bed Methane Pipeline Completes, Adding New Momentum to Natural Gas Supply
The Shanxi-Hebei section of the coal-bed methane pipeline starts from Lüliang in Shanxi and reaches Hengshui in Hebei, spanning a total length of 548.95 kilome…
United States
More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.…
CNOOC
CNOOC Fires up Buzzard Expansion Project in North Sea
Chinese oil and gas giant CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Oil & Gas Trade
Iran Signs Gas Swap Deal with Turkmenistan, Azerbaijan
Iran has signed a tripartite agreement with neighbours Azerbaijan and Turkmenistan to facilitate the movement of gas between the two countries.
Hydrogen Project
BP Announces Major Teesside Green Hydrogen Project
Oil major BP has announced its largest ever green hydrogen project, located in the northeast of England.
Crude Oil
U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA
Crude Oil
Iran Plans To Boost Oil Production To 5 Million Bpd
Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops
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