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Oil

Oil&Gas Drilling
Baker Hughes Reports US Rig Rebound
The total number of rotary drilling rigs operating in the United States rebounded this past week, Baker Hughes Co. reported Wednesday.
Oil Field
Genel Begins Production from Sarta Oil Field in Iraq
Iraq-focused independent Genel Energy said production has started at the Sarta oil field in the semi-autonomous Kurdistan region of northern Iraq.
Hydrogen Fuel Stations
Air Products and Nogaholding to Develop Bahrain’s Hydrogen Economy
Air Products and nogaholding, an investment and business development arm of National Oil and Gas Authority, will assess the potential development of a hydrogen …
Natural Gas
Mozambique’s Ambitious Northern Gas Plans Head South
Natural gas was supposed to help industrialise the northern provinces, but after a string of project cancellations it will be transported to the more prosperous…
LNG
Significant Progress Made on Arctic LNG 2
PAO NOVATEK has announced that a regular working meeting was recently held regarding the status of Arctic LNG 2 project with the respective management of the pr…
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
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.
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.
Carbon Emissions
Norway and CO2 emissions
Oil nation Norway plans to help fight climate change by capturing and storing Europe’s carbon emissions.
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.

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