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Crude Oil
Libya can Pump 2 million bpd of Oil by End 2022 Under $1.1bn Spending Plan: Finance Minister
Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, ac…
Energy Security
Rush to Contain Large Oil Spill in Gulf of Mexico After Storm Ida
Clean-up crews and the US Coast Guard are trying to locate the source of an oil spill spotted in the Gulf of Mexico after deadly Hurricane Ida.
Crude Oil
Nigeria Struggles to Meet OPEC’s Crude Oil Quota
Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by the Organisation of Petroleum …
LNG
China’s Zhenhua Oil Seeks Tie-up with Local Firm for First Gas Terminal
China’s Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first i…
South Korea
Doosan Heavy to Lead X-energy’s Study on SMR Nuclear Reactor Design
South Korean power infrastructure firm Doosan Heavy Industries & Construction will partner with U.S.-based X-energy on developing and designing tests for advanc…
LNG
Petronet Looks to Make Foray into Petrochemical Business, Plans LNG Terminal in Odisha
Petronet, which owns and operates to terminals at Dahej and Kochi in Kerala for import of super-cooled gas in ships, is also looking at setting up a floating te…
Oil Field
Mubadala Petroleum Finalises $1bn Deal for 22% Stake in Israel's Tamar Gas Field
The company already operates in the Eastern Mediterranean within the Zohr gas field
Oil & Gas Supply
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and…
Oil & Gas Trade
India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project
A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company…
Oil & Gas Trade
Abu Dhabi’s Taqa Looks to Sell UK, Dutch Oil and Gas Assets
Abu Dhabi National Energy Co. has begun a process to sell its oil and gas assets in the Netherlands and the UK, according to documents seen by Bloomberg.
Oil&Gas Drilling
Democrats Close in on Drilling, Mining Bans for Biden’s $3.5T Infrastructure Scheme
Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday
Wind Farm
Statkraft Signs 10-year Wind Power Agreement with Neste in Finland
Statkraft and industrial company Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power…
Crude Oil
Russia’s Oil Production To Drop By Just 1% This Year
Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement.
Crude Oil
China’s CNPC Looks To Revive Oil Projects In Venezuela
The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign c…
Oil Exploration
Shell Takes Operatorship in Blocks off South Africa
Impact Oil & Gas entered into the agreement with Shell for the farm-out of the South African exploration right back in November 2020.
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