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Oil&Gas Drilling
The ANH Approved the Assignment of Ecopetrol's 50% Interest to Shell
The ANH approved the assignment of Ecopetrol's 50% interest to Shell and the operation by the latter in 3 blocks off the Colombian Caribbean coast
Energy Storage Battery
California Utility Plans 387MW Battery Charge
Pacific Gas and Electric Company has sent a request to the California Public Utilities Commission for approval of six additional battery energy storage projects…
Electricity Transmission
Madagascar Secures $43m AfDB Loan for 2nd Phase of Power Transmission Project
The Board of Directors of the African Development Bank (AfDB) has approved a loan of $42.9 million to finance the second phase of a major power transmission and…
Oil Price
China’s Wholesale LPG Prices Surge on Firm Demand
China wholesale LPG prices have surged across the country this month, bolstered by strong international prices and rising domestic demand.
Crude Oil
Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico
Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015.
Crude Oil
UAE Projects a Gradual Oil Demand Recovery in 2021
The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate.
Oil Price
Oil Moves Higher on Brexit Deal, U.S. Inventory Draw
Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory sparked…
Crude Oil
Rystad Expects 2021 to Bring Largest Crude Deficits in Years
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…
Gas turbine engine
Mitsubishi Power Wins Gas Turbine Supply Contract from Capital Power
Mitsubishi Power has won a contract from North American power producer Capital Power for the supply of two M501JAC gas turbines.
CNOOC
China's Offshore Oil and Gas Production Hits Record High
The reporter learned from China National Offshore Oil Corporation on the 23rd that China's offshore oil and gas production will exceed 65 million tons of oil an…
Oil&Gas Drilling
Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones
The Ministry of Mines and Hydrocarbons shows progress in gas development and mining exploration. Published by Africa Oil & Power for the MMH.
Hydrogen Project
Castleton Commodities Backing Green Hydrogen Project in Europe
Castleton Commodities International LLC, an energy commodities firm, has announced that it is backing the first green hydrogen project in Europe co-located at a…
Hydrogen Fuel Cell Vehicle
South Korea to Work on Hydrogen Ships
The Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy released a green ship development plan on Dec. 23.
LNG
Daewoo E&C Bags 500 Bil. Won LNG Plant Project in Mozambique
Daewoo Engineering & Construction has won an LNG plant construction project in Mozambique for 500 billion won after jointly winning a 5-trillion-won order for a…
Crude Oil
Petrobras on New Well in Búzios Field
Petrobras has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin.
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