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Oil&Gas Drilling
U.S. offshore rig count drops to 23
The number of offshore rigs in the U.S. slipped to 23 units over the last week, according to weekly rig count reports released by Baker Hughes on Friday, Decemb…
LNG
Novatek secures Bukharinskiy license through Arctic LNG 1 unit
Russian oil and gas company Novatek has secured the rights to explore the Bukharinskiy license through its Arctic LNG 1 unit.
Oil & Gas Trade
Oil Regulator Seeks to Rationalize Natural Gas Pipeline Tariff
Presently, the country has a network of 16,981-km of pipelines, with each having a different tariff.
Oil & Gas Trade
U.S. Sanctions on Nord Stream 2 Affect Hurry-up Work
Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, seni…
Distributed Generation
Energy-Storage may be the Key to Maximise Power Generation
Electricity generated by burning fossil fuels like coal and natural gas now constitutes nearly two-thirds of all power produced in the world.
Oil & Gas Trade
Putin & Merkel Agree to Keep Supporting Nord Stream 2 Project
President Vladimir Putin and Chancellor Angela Merkel have reiterated their support for the Nord Stream 2 natural gas pipeline from Russia to Germany, the Kreml…
Oil & Gas Trade
Gazprom, Ukrainian Companies Join Gas Talks in Vienna
CEO’s of Russia’s Gazprom and Ukrainian companies, as well as senior ministries officials have joined the gas transit talks in Vienna, a Gazprom spokesman tol…
Oil & Gas Trade
Iraq's Exports, Production not Affected by Halting Nassiriya Oilfield
Halting production from Iraq’s southern Nassiriya oilfield on Saturday by protesters will not affect the country’s exports and production operations, the oil …
Oil & Gas Trade
‘OPEC+ may Consider Ending Production Cuts in 2020’
The Organisation of Petroleum Exporting Countries and non-OPEC allies, including Russia, may consider ending their oil output curtailment deal next year in orde…
Crude Oil
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…
Oil & Gas Trade
OPEC Cuts ‘Can’t Last Forever,’ Russian Energy Minister Warns
OPEC output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond Marc…
The Netherlands to Expand its H2 Infrastructure with OrangeGas’ First Hydrogen Stations
With the help of Nel Hydrogen, the Netherlands continues to bolster its clean transportation efforts.
Oil&Gas Drilling
Russian Oil Company Enters Two Blocks Offshore Egypt
Russian state-controlled oil company Zarubezhneft has entered into a production sharing agreement for two offshore blocks blocks in Egypt.
Oil & Gas Trade
Russia:OPEC+ May Consider Ending Oil Cuts by 2020
The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy…
Egypt Signs 4 Oil, Gas Deals Worth 155 mln USD
Egypt's Minister of Petroleum Tarek al-Molla on Wednesday said four new agreements valued at 155 million U.S. dollars were signed with local and international c…
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