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Oil

Oil Exploration
Uganda Picks Four Firms For New Oil Exploration Round
Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever.
OPEC
Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
Natural Gas
Gas a Pragmatic Answer to Realise Energy Transition
The destiny of the world rests in innovative utilisation of hydrocarbons whilst embracing the rise of renewables in the global energy mix, Secretary General of …
Oil Field
Australia’s Karoon Takes FID on Patola Oil Field
Australian independent Karoon Energy has made a positive final investment decision on the 10,000 b/d Patola oil field in the Santos basin offshore Brazil at a d…
Video: Expect a Big Rebound in Global Energy Demand in 2021
Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…
Natural Gas
Turkey Expected to Announce New Black Sea Natural Gas Discoveries
Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon…
LNG
NOVATEK and Zhejiang Energy Sign LNG Supply Agreement
PAO NOVATEK announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd.
Natural Gas
TotalEnergies and Novatek Sign Russian MoU
Companies will jointly work on emissions reductions including through use of renewables
Natural Gas
South Korea to Raise Natural Gas Inventory Requirements
South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…
Natural Gas
Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.
Oil Field
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…
Carbon Neutral
Chinese Oil, Gas Enterprises Set up Methane Emission Control Alliance
Chinese oil and gas enterprises have set up an alliance on methane emission control amid China's efforts to meet its 2060 carbon-neutral target.
Oil Refinery
World’s Largest Oil Refinery Project to Help Meet Nigeria’s Oil Demands
XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zo…
Gas Turbine
Japan’s KHI Builds Hydrogen-Gas Power Unit
Japanese engineering firm Kawasaki Heavy Industries is building a small-scale power generation unit for domestic refiner Seibu Oil co-fired by hydrogen and rega…
Crude Oil
Oil Extends Gains, Trading Above $70 on Upbeat Outlook
Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say

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