Oil

Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
Crude Oil
US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald …
LNG
Russia: Gazprom Opens Natural Gas Fuel Service Stations
Gazprom has launched two new infrastructure facilities for refueling motor vehicles with natural gas, eco-friendly vehicle fuel.
Oil & Gas Trade
Biden Win Could Cause A Huge New Oil Glut
A Joe Biden win at next week's U.S. presidential election could have a significant impact not only on the American oil industry but also on global crude supply …
LNG
China's CNOOC and Sinopec Issue First LNG Tenders on Shanghai Gas Exchange
China National Offshore Oil Corp and Sinopec Corp issued the first tenders to buy liquefied natural gas on the Shanghai Petroleum and Natural Gas Exchange when …
LNG
ExxonMobil not to Set up LNG Terminal in Pakistan
ExxonMobil, the US-based multinational oil and gas corporation, has decided not to continue with its plans to set up an LNG terminal in Pakistan, as the company…
Crude Oil
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive…
Oil & Gas Trade
Turkey's Gas Imports up 6.5% in August 2020
Total natural gas consumption in August grows 19.5% year-over-year.
Oil Field
BP Starts Gas Production from Qattameya Field, Offshore Egypt
BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…
Oil Price
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Crude Oil
OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of…
Oil&Gas Drilling
Equinor in Two Oil Discoveries Offshore Canada
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada.
Oil&Gas Drilling
Neptune Energy Makes Small Oil Discovery off Norway
The discovery is estimated to hold between 0.5 and 3.2 million cubic metres (mcm) of recoverable oil equivalents, NPD said in a statement.
Oil&Gas Drilling
Total Boasts Second ‘Significant Discovery’ Offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres …
Oil & Gas Trade
Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.

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Oil

UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19

US Election 2020: Tough Choices for Oil Industry

Russia: Gazprom Opens Natural Gas Fuel Service Stations

Biden Win Could Cause A Huge New Oil Glut

China's CNOOC and Sinopec Issue First LNG Tenders on Shanghai Gas Exchange

ExxonMobil not to Set up LNG Terminal in Pakistan

China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub

Turkey's Gas Imports up 6.5% in August 2020

BP Starts Gas Production from Qattameya Field, Offshore Egypt

Oil Plunges To $35 As Lockdowns Return

OPEC Members Rebel Over Production Cut Extension

Equinor in Two Oil Discoveries Offshore Canada

Neptune Energy Makes Small Oil Discovery off Norway

Total Boasts Second ‘Significant Discovery’ Offshore South Africa

Russia’s Crude Oil Exports Drop 8% In January-August