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LNG
Daewoo E&C Bags 500 Bil. Won LNG Plant Project in Mozambique
Daewoo Engineering & Construction has won an LNG plant construction project in Mozambique for 500 billion won after jointly winning a 5-trillion-won order for a…
Crude Oil
Petrobras on New Well in Búzios Field
Petrobras has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin.
Crude Oil
Russia’s Crude Oil Exports Drop 10% In January-October
Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russi…
Oil Pipeline
Nord Stream 2 to Start Laying Gas Pipes in Danish Waters
The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat o…
Oil&Gas Drilling
Pacific Drilling to Emerge from Bankruptcy by Year-End
Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reo…
Oil & Gas Trade
Gazprom lifts Ukraine January Gas Transport Bookings
Russia's state-controlled Gazprom has booked considerably more gas transport capacity through Ukraine for January, although overall booked capacity is still set…
LNG
Korean Shipbuilders Enjoying Brisk New Order Intake at Year-end
Korean shipbuilders are enjoying a brisk new order intake at the year-end.
Carbon Emissions
Exxon Pledges to Reduce Emissions, but the Details Suggest Nothing Has Changed
Under investor pressure, the company retreated from its refusal to join other oil giants in pledging reductions, with a plan that suggests it will continue busi…
Crude Oil
China Issues Higher Oil Import Quotas For 2021
China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…
OPEC
Russian Energy Ministers Tells Biden Not To Disturb Oil Markets
Joe Biden’s presidency will hopefully not interfere with OPEC+ actions taken to rebalance oil markets, Russian Deputy Prime Minister and former Energy Minister…
Oil Field
Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields
Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the developme…
Oil Field
ConocoPhillips Makes ‘Significant’ Oil Discovery off Norway
Oil major ConocoPhillips has made what it says is a significant oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeas…
Crude Oil
India's Crude Oil Production Slips 5 pc in November
Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
Oil & Gas Supply
Turkmenistan's Lebap Region Overfulfills Its Natural Gas Production Plan
Lebap’s natural gas extraction industry began in the 1960s.
Oil Price
Oil Tumbles As New Virus Strain Revives Demand Fears
Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…
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