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SINOPEC
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Crude Oil
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…
Germany
Oil Dynamics GmbH: Recertified for Quality and Environmental Management
The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.
Carbon Emissions
Norway and CO2 emissions
Oil nation Norway plans to help fight climate change by capturing and storing Europe’s carbon emissions.
Oil Price
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…
United Arab Emirates
Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.
Oil Field
GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil
The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is…
Saudi Arabia
Saudi Arabia Seeks to Become Top Hydrogen Exporter
The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.
LNG
France: Primagaz Opens the Vern-Sur-Seiche LNG Station
Produced in partnership with Avia, the new Primagaz service station in Vern-sur-Seiche completes a busy year of new sites.
LNG
Qatar Energy Exports Crash By 39%
Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and pr…
BP Sells London HQ for Nearly $332 Million
Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.
Oil & Gas Trade
Algerian Gas Exports to Drop by 4.7%, Energy Minister Says
Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.
Oil & Gas Trade
China Issues Final Batch of Refined Fuel Export Quotas for 2020
The new issue brings the total fuel export quota this year to nearly 59 million tonnes, up from last year's 56 million tonnes.
Oil & Gas Trade
Azerbaijan Boosts Natural Gas Production, Export in Jan-Oct 2020
Azerbaijan increased gas production and export while reducing oil production and export in January-October 2020.
Oil Field
China Looks To Buy Stake In A Major Iraqi Oilfield
State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in o…

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