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Oil Exploration
QatarEnergy Enters Egypt Through Agreement with Shell
QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.
Crude Oil
Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant
The group maintained its oil demand forecast for next year at 4.2 million barrels per day
Crude Oil
Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August
Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Oil & Gas Supply
Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021
2022 oil output forecast at 1.055 mil b/d vs 960,000 b/d in 2021
Crude Oil
Tarim Oilfield Produces Over 30-mln-tonne Oil, Gas Equivalent
The Tarim Oilfield of China National Petroleum Corporation, China's leading oil and gas producer, produced more than 30 million tonnes of oil and gas equivalent…
Carbon Neutral
Moon Encourages Private Firms to Go Carbon Neutral
President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their e…
OPEC
Russia Says OPEC+ Deal Brings Investment Back To Oil Industry
The OPEC+ interventions on the market in recent years have helped the oil industry to see the beginning of the return of confidence and investments
Crude Oil
Saudi Arabia Will Supply Full Volumes To Asia
Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia.
Oil Refinery
CVR Energy Selects Honeywell Technology for Coffeyville Refinery
Honeywell today announced that a CVR Energy Inc. subsidiary has selected Honeywell UOP Ecofining technology to study conversion of seed oils, tallow and white/y…
Wind Farm
Rio Tinto Breaks Ground on Madagascar Wind, PV
Project being built by Crossboundary Energy will also include battery energy storage
Hydrogen Project
GE to Supply Hydrogen-Ready Gas Turbines for 1.34GW Power Plant in China
GE and Harbin Electric Corporation have announced that Chinese state-owned power utility Guangdong Energy Group has ordered two GE 9HA.01 gas turbines for its G…
Crude Oil
Iraqi Crude Output Rises to 18-month High of 4.21 mil b/d in Nov: SOMO
Iraqi crude oil production, including flows from the semi-autonomous Kurdistan region, rose to an 18-month high of 4.208 million b/d in November.
Hydrogen Technology
SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.
Crude Oil
White House not Considering Crude Export Ban
President Joe Biden's administration has all but ruled out the idea of pursuing a ban on crude exports, following an outcry from the oil industry and its allies…
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