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Saudi Oil Exports Holding Strong Despite Production Cut Commitment
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.
Oil Exploration
Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi
The two state oil companies will look at exploration and production possibilities in the emirate
Energy Transition
BP Exited Kazakh Oil Projects to Focus on Renewables Strategy
BP Plc abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.
Crude Oil
Libya Targets 1.45mn b/d Oil Output by Year-End
Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.
Combined cycle power plant
Siemens Energy’s Turbine Technology Helps Cyprus go Green
In order to shift the island of Cyprus from heavy fuel oil to natural gas, construction company Cyfield has chosen Siemens Energy to supply technology and long-…
Carbon Emissions
Chevron Sticks to Lower Budget Plans, Sets New Carbon Reduction Goals
U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing car…
Oil & Gas Supply
COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electr…
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Crude Oil
Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
LNG
Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas in Europe, shipping the fuel to Shell in the UK.
Natural Gas
Texas Freeze Caused Record Gas Spot Prices and Outages
In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish da…
LNG
Japan-backed AG&P Says Gets Approval to Develop Philippines LNG Terminal
Atlantic Gulf & Pacific Company said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas import and regasificat…
Solar Power Plant
Dutch Startup Develops Offshore Floating PV Platform
Dutch startup SolarDuck has developed a triangular structure for floating PV that resembles an offshore oil platform.
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
Crude Oil
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
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