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Angola
GECF Shines the Spotlight on Angola's Potential at Angola Oil and Gas 2021
The Gas Exporting Countries Forum, the global platform of the leading gas producing countries, participated in the 2nd edition of the Angola Oil and Gas Confere…
Power Cable
Equinor Hands DeepOcean Cable Repair Contract
Equinor has awarded DeepOcean a frame agreement contract for provision of contingency equipment and services for handling of high voltage subsea cables in both …
Crude Oil
US Gulf operators restore 70pc of Ida-halted oil output
US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida.
Nuclear Power Plant
Regulator Approves Restart of Shimane 2
The utility must still obtain local consent before the 789 MWe boiling water reactor can be restarted.
Market Analysis
IEA Cuts Forecast for India's 2021 Oil Product Demand
The IEA has lowered its 2021 oil products demand growth estimates for India, with notable cuts to its forecasts for diesel and jet fuel consumption.
Crude Oil
Brent Nears $74 Amid Slow Return of US Oil Output
Brent crude neared $74 per barrel on Monday as it gained 31 cents or 0.42 cents to trade at $73.82 per barrel at the market, while the US West Texas Intermediat…
Energy Investment
Algeria Aims for $2.6 billion Increase in Energy Investment Next Year
OPEC member Algeria plans to increase investment in its oil and gas sector by $2.6 billion next year to boost production by 8.9 million tonnes of oil equivalent
Oil Pipeline
Germany has Four Months to Certify Nord Stream 2 Pipeline
Russian gas group Gazprom last week said it had finished construction of the pipeline to Germany, which could allow Russia to double gas exports to Europe via t…
LNG
China's Sinopec Completes Its First LNG Bunkering Operation
The bunkering, or marine refuelling, operation transferred 250 tonnes of LNG by truck to a China Merchant Shipping vessel
Natural Gas
U.S. Gas Production Set for Big Increase in 2022 on High Prices
As a result, futures prices for deliveries at Louisiana's Henry Hub in January 2023 are currently trading around $1.15 per million British thermal units below p…
LNG
Petrobras Signs Landmark Gas Supply Deal with Gerdau
Brazil's state-controlled Petrobras signed a natural gas supply agreement with steel producer Gerdau in a debut of its more flexible pricing model designed to c…
Crude Oil
Opec Lifts Oil Demand Forecast for 2022
Opec has increased its global oil demand forecast for 2022 by almost 1mn b/d, taking it back above 100mn b/d, even though there was some disquiet about this at …
LNG
Samsung Heavy Industries Highly Likely to Win Big LNG Carrier Project from Russia
Samsung Heavy Industries is highly likely to win another big shipbuilding order from Russia.
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
Oil & Gas Trade
Sudan Expects to Reach Oil Products Deal with Saudi Aramco
A delegation of Saudi officials and businesses is in Sudan for two days of talks on potential investments in sectors including agriculture, energy, mining and t…
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