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Oil & Gas Trade
U.S. Gives Iraq Sanctions Waiver for Vital Iranian Gas Imports
The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies, two Iraqi of…
Crude
Guyana to Export Its First Share of Oil in Coming Days: Official
Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led b…
Crude
Russia Still Elusive On Deeper OPEC+ Oil Production Cuts
Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…
Oil & Gas Trade
Russia Still Studying Proposed Deeper Opec+ Output Cuts: Novak
Russia is still studying proposed deeper oil output cuts by the Opec+ grouping of top producers prompted by the new coronavirus outbreak in China, Energy Minist…
Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee a…
Crude
OPEC+ Panel Calls for More Oil Cuts on Coronavirus Impact
An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of …
LNG
Qatargas Signs LNG SPA with Kuwait
Qatargas has announced the signing of a new, long term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tpy of LNG to the State of Kuwait, …
Oil&Gas Drilling
Frontera Announces Discovery in Colombia
Frontera Energy Corporation provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint v…
Oil & Gas Trade
Gas Forum a Diplomatic Opportunity for Israel
A new international organization was born in the Mediterranean on January 15. In parallel to the joint statement by the Israeli and Egyptian energy ministers on…
Oil & Gas Trade
Indonesia to Stop Gas Exports to Singapore in 2023
The Energy and Mineral Resources Ministry has decided to stop gas shipments to Singapore in the next three years to cater to domestic demand.
Oil & Gas Trade
Algeria Seeks to Resume its Dominance in the Gas Market
While most of Europe fixated on the result of the UK General Election on 12 December 2019, Algerians also went to the polls in an equally hard-fought election r…
LNG
Exxon and Papua New Guinea should Return to LNG Negotiating Table
Exxon Mobil Corp and the Papua New Guinea government must return to the negotiating table so that a $13 billion expansion of gas production can proceed, the hea…
Oil & Gas Trade
U.S. Weighs Sanctions on Rosneft but is Wary of Oil Market Chaos
Officials at the Treasury Department worry that sanctions on Rosneft may drive up prices for oil, the people said.
Crude
Oil Falls 1% as Russia Needs Time to Mull more Opec+ Supply Cuts
Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus o…
Crude
Oil Climbs After Russia Backs Possible Output Cuts to Counter Coronavirus Impact
Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for cru…
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