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Crude Oil
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Offshore Wind Power
Tokyo Gas Joins Japanese Offshore Wind JV
Tokyo Gas has joined Northland Power and Shizen Energy's joint venture to develop offshore wind projects off Chiba prefecture, Japan.
Carbon Neutral
Italy's Snam Sets 2040 Carbon Target in Cean Energy Drive
Italian gas group Snam aims to be carbon neutral by 2040 and will increase spending to get its network ready for hydrogen and the transition to cleaner energy s…
Crude Oil
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye…
LNG
GE Makes Deal for Vietnam LNG Project
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
SINOPEC
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Crude Oil
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…
Germany
Oil Dynamics GmbH: Recertified for Quality and Environmental Management
The renewed verifications referring to the factory in Hockenheim will be valid for the next three years.
Hydro Generator Unit
Siemens Energy to Upgrade and Expand Services at Jebel Ali L2 Power and Water Station in Dubai
Integrated 20-year long-term service agreement includes intelligent gas turbine controller, jointly developed by DEWA and Siemens Energy.
Oil Price
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…
United Arab Emirates
Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.
Oil Field
GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil
The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is…
LNG
France: Primagaz Opens the Vern-Sur-Seiche LNG Station
Produced in partnership with Avia, the new Primagaz service station in Vern-sur-Seiche completes a busy year of new sites.
LNG
Qatar Energy Exports Crash By 39%
Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and pr…
Oil & Gas Trade
Algerian Gas Exports to Drop by 4.7%, Energy Minister Says
Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.
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