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Oil Price
Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
Energy Investment
MENA Gas Investments Surge to $126bln
Apicorp’s optimism is based on the ongoing downstream value chain integration.
Oil Price
ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …
Wind Farm
ENAP Switches on 10.4-MW Wind Farm in Chile
Chilean state-owned oil company Empresa Nacional del Petroleo (ENAP) has brought online its 10.35-MW Vientos Patagonicos wind farm located in the Cabo Negro ind…
Oil Field
Petrobras Delays Parque Das Baleias Project to 2024
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year.
Oil & Gas Trade
Japan April-Sept Crude Import Volume Fell to the Lowest Since at Least 1979
Japan's customs-cleared crude oil imports fell 21.2 per cent in the April-September period on year to the lowest since at least 1979 when the comparison data is…
Oil Pipeline
German Foreign Minister: "Beixi-2" Natural Gas Pipeline Will be Built
German Foreign Minister Maas stated that the "Beixi-2" natural gas pipeline "will be completed", but it is not certain when it will be completed.
LNG
New Fortress Energy Signs MOU with Philippine National Oil Company
"The memorandum will enable cleaner, more affordable and more reliable energy for the people of the Philippines," said Wes Edens, CEO and Chairman of NFE.
Oil&Gas Drilling
Turkish President Announces More Natural Gas Reserves in Black Sea
"Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters," he said after his inspections at the ship.
Oil&Gas Drilling
Philippines Lifts Ban On Oil Exploration In South China Sea
The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a jo…
LNG
UK’s Avenir LNG Receives Its First dual-Purpose LNG Vessel
UK-based Avenir LNG said Wednesday it received its first dual purpose LNG bunkering and supply vessel, which will be deployed to Malaysia.
LNG
South Africa’s DNG Energy Secures LNG Bunkering Permit
The Transnet National Port Authority has granted a licence to DNG Energy to begin LNG bunkering at Coega.
Biobattery
Canadian Government Funds RNG, Biomass Heating Projects
The Canadian government on Oct. 8 awarded funding to an agricultural biomethanizer plant in Quebec and project that will add high-efficiency biomass boilers to …
Crude Oil
Russian Oil Companies Plan Significant Drilling Cuts For 2021
Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.
Oil&Gas Drilling
West Bollsta Rig Drills Lundin’s Polmak Well
Swedish oil and gas company Lundin has spudded the Polmak well in the Barents Sea offshore Norway, using the West Bollsta semi-submersible drilling rig.
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