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Oil Pipeline
Total Signs Pact with Tanzania for its EACOP Pipeline Construction Project
Total has announced that it has reached an agreement with the Tanzanian government for its EACOP pipeline project in the country.
CCS
Equinor Aims for Net Zero Emissions by 2050, New CEO Says
Norwegian oil and gas firm Equinor aims to become a net zero emitter of CO2 by 2050.
Oil & Gas Trade
Russia Ranks Second by Oil Exports to China in September
Oil supplies from Russia to China increased to 1.83 mln barrels daily as of the end of September 2020.
Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
Crude Oil
US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald …
LNG
Russia: Gazprom Opens Natural Gas Fuel Service Stations
Gazprom has launched two new infrastructure facilities for refueling motor vehicles with natural gas, eco-friendly vehicle fuel.
Oil & Gas Trade
Biden Win Could Cause A Huge New Oil Glut
A Joe Biden win at next week's U.S. presidential election could have a significant impact not only on the American oil industry but also on global crude supply …
LNG
China's CNOOC and Sinopec Issue First LNG Tenders on Shanghai Gas Exchange
China National Offshore Oil Corp and Sinopec Corp issued the first tenders to buy liquefied natural gas on the Shanghai Petroleum and Natural Gas Exchange when …
Energy Transition
Enel lifts 2030 Greenhouse Gas Emission Reduction Target to 80% from 70%
Enel, which is committed to full decarbonization by 2050, already decreased direct greenhouse gas emissions by more than 36% in 2019 from 2007 levels.
LNG
ExxonMobil not to Set up LNG Terminal in Pakistan
ExxonMobil, the US-based multinational oil and gas corporation, has decided not to continue with its plans to set up an LNG terminal in Pakistan, as the company…
Crude Oil
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive…
Oil & Gas Trade
Turkey's Gas Imports up 6.5% in August 2020
Total natural gas consumption in August grows 19.5% year-over-year.
Oil Field
BP Starts Gas Production from Qattameya Field, Offshore Egypt
BP has announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…
Oil Price
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Crude Oil
OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of…
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