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Crude Oil
ONGC Opens Eighth Hydrocarbon Producing Basin of India
State-owned Oil and Natural Gas Corporation on Sunday opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin…
Crude Oil
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Biofuel
Bunker Biofuel Pilot Projects Launch in Asia
The marine industry has shifted its attention to accommodating the International Maritime Organisation's greenhouse gas strategy, after having to adjust to the …
Oil Pipeline
Russia’s Nord Stream 2 Gas Pipeline Clearly Beneficial for Europe & WILL BE Completed – Putin
That could hike prices for households and make Germany’s economy less competitive, said Putin.
Oil Pipeline
Pakistan to Start Building LNG Pipeline with Russia in July 2021
Pakistan will start building a 1,100-kilometre pipeline with Russia in July 2021 that will allow the South Asian nation to operate more liquefied natural gas (L…
Oil Pipeline
U.S. Throws Weight Behind Construction of EastMed Gas Pipeline
Greece aims to play an important role in helping Europe diversify its energy resources away from Russia, an objective strongly supported by Washington
LNG
Russia’s Novatek and Siemens Energy ink Deal to Decarbonise LNG Production
As part of the Agreement signed on December 10, Novatek and Siemens Energy will commence implementing a project to replace fuel natural gas used in the producti…
Biomass Power Plant
Punjab Cabinet Approves IOCL's Proposal to Set up Compressed Biogas Plant
The Punjab cabinet on Thursday gave in-principle approval to Indian Oil Corporation Ltd for setting up a compressed biogas plant at the site of closed cooperati…
Oil Price
Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress
Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining de…
Oil & Gas Trade
Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.
Energy Security
Alaska Environmental Regulator Reports 190-Barrel Oil Spill at Hilcorp site on Cook Inlet
An oil spill at a Hilcorp Alaska facility on the west side of Cook Inlet was discovered Tuesday afternoon, a state environmental regulator said Wednesday.
Crude Oil
Oil Jumps On Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 1…
Oil & Gas Trade
Egypt And Iraq Sign Landmark Oil Deal
Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed.
Oil Shale
U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…
Oil & Gas Trade
China's LNG Imports Could Hit Record High in Dec as Demand Bounces Back
The world's second largest LNG importer after Japan is on track to import its highest monthly volumes since December 2019, Refinitiv shiptracking data showed.
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