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Oil & Gas Trade
ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…
Oil & Gas Trade
Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says
Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen
LNG
China to Overtake Japan as World's Top LNG Buyer in Weeks, ICIS Says
It estimated China's 2021 total LNG demand at 81.2 million tonnes, above 75.2 million tonnes for Japan.
Oil & Gas Trade
China About To Become Top LNG Importer This Year
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said t…
Oil & Gas Trade
Israeli Minister Calls For Scrapping UAE Oil Pipeline Deal
Israeli Minister of Environmental Protection Gila Gamliel is looking to have the recent oil pipeline deal between Israel and the United Arab Emirates scrapped b…
Natural Gas
Iraq Hopes to Restore Full Iranian Gas Import Volumes
The news comes just as the temperatures in Iraq have begun to soar.
LNG
NOVATEK and Zhejiang Energy Sign LNG Supply Agreement
PAO NOVATEK announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd.
Natural Gas
Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.
Crude Oil
i3 Energy to Acquire Additional Stake in South Simonette Oil Property
i3 Energy is set to acquire an additional 49.5% interest in the South Simonette oil property in Lower Montney, Canada, from Anegada Oil.
LNG
France’s Total Inks 5-year LNG Supply Agreement with AMNS in India
France’s Total and ArcelorMittal Nippon Steel have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas per year until 2026.
Oil & Gas Trade
Nigeria Inks Massive Oil Deal With Supermajors
Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater…
Oil Pipeline
Tanzania, Uganda Finalize Oil Pipeline Deal
Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pu…
EU
EU Begins Discussions on Group II Quota for 2022
The EU Commission and member state representatives will meet today and tomorrow to discuss the Group II base oil import quota for January to December 2022.
Oil & Gas Trade
Iran Preps New Oil Export Terminal Beyond Strait of Hormuz
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show sig…
Oil & Gas Trade
Woodside Joins Chevron in Canada's Kitimat LNG Exit
Chevron, the operator and 50pc owner of Kitimat, put its stake up for sale in December 2019.
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