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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.
LNG
Video: Germany Begins Constructing Its First Liquified Natural Gas Terminal
Liquified Natural Gas or LNG is not very popular in Germany yet, but the US is against completing the Nord Stream 2 pipeline from Russia, so Germany may have to…
Crude Oil
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Oil&Gas Drilling
Cyprus Natgas Search Rescheduled for late 2021
Natural gas explorations south of Cyprus and near Egypt’s giant offshore gas fields will resume in the latter part of next year with the energy companies invol…
Natural Gas
MODEC Awarded Operations and Maintenance Contract for Sangomar FPSO
Following the FPSO purchase contract which was signed between Woodside and MODEC on 10 January 2020, with respect to the supply of the FPSO, MOSEN will be respo…
LNG
First-Ever LNG Bunkering at Port of Hamilton
A new partnership between the Hamilton-Oshawa Port Authority and REV LNG has enabled marine vessels to refuel with LNG during any stopover at Hamilton Port.
Market Analysis
EU Leaders Stress Green Hydrogen Priority in Race to Net-Zero
'Other technologies' acknowledged but neither gas- nor nuclear-based H2 are mentioned explicitly
Offshore Wind Power
Shell Inks Key Energy Transition Digitalisation Deal for Oil & Gas and Wind Projects
Petro-giant signs three-year, portfolio-crossing agreement with pioneer Akselos for structural digital twin technology
CCS
Norway Approves Carbon Transport and Storage Project
Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage pr…
Oil Field
Masirah Oil Spuds Second Development Well in Oman
Exploration and production company Masirah Oil has started drilling a second development well in the Yumna field, located offshore Oman, using the Shelf Drillin…
Oil & Gas Trade
Russia Approves Sinopec's Participation in Huge Petrochemical Project
The Russian government has approved participation of China's Sinopec company in a large-scale petrochemical project, the government said in a statement on Tuesd…
Paris Climate Agreement
Oil Giant Exxon Commits to Emissions Reductions in Line with Paris Agreement
U.S. oil giant Exxon Mobil is setting short-term targets to reduce its greenhouse gas emissions over the next five years as the company responds to investor and…
Crude Oil
OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers
Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, ham…
Energy Transition
The UK Ends Support For Overseas Oil & Gas Projects
The United Kingdom will end direct government support to oil, gas, and coal project overseas as soon as possible, as part of the country’s ambition to support …
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