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LNG
South Korea’s DSME Bags Orders for 6 LNG Carriers
South Korea’s Daewoo Shipbuilding & Marine Engineering has bagged two new orders to deliver six liquefied natural gas carriers.
LNG
Siemens Energy Scores a Deal in the Mozambique LNG Project
A joint venture between Saipem and McDermott has selected Siemens Energy to supply emissions-reducing power generation equipment and boil-off gas compressors fo…
Oil Price
OPEC+ Will Ensure Oil Prices do not Plunge Again, Says OPEC Chief
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thurs…
Crude Oil
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in…
Oil Field
Petronas Considers Exiting Gharraf Oil Field in Iraq
The collapse in oil prices this year has prompted Malaysia's state-owned Petronas to consider exiting the Gharraf oil field in southern Iraq, chief executive Te…
Oil & Gas Trade
Kazakhstan Exports 52.2 Million Tonnes of Oil in First 9 Months
For 9 months of this year, Kazakhstan produced 64.7 million tonnes of oil and condensate, which is 0.5% higher than the planned figure.
Oil Field
Tulip Oil Halves Gas Production from North Sea Field
Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year w…
LNG
Bangladesh to Increase Spot LNG Imports Because of Rising Demand
Bangladesh is expected to double its imports of liquefied natural gas from the spot market starting in December as demand rises and to capitalise on low prices …
Oil & Gas Trade
OPEC+ to Stick with Plans to Ease Output Cuts, Says Russia's Novak
Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a glob…
Crude Oil
IEA Says Refining Throughput Set for Quarterly Rise
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day, the International Energy Agency said on Wednesd…
Hydropower Plant
Lukoil Completes Reconstruction of Krasnopolyanskaya’s Hydraulic Structures
Lukoil has finished reconstruction work on the hydraulic structures at the Krasnopolyanskaya hydropower complex in the Krasnodar region, Russia, increasing the …
Oil Price
Sudan: Govt To End Fuel Subsidy
The government is preparing for the removal of fuel subsidy, informed the Sudanese Minister of Energy and Mining.
Oil & Gas Trade
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand d…
Oil Price
Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and beca…
Oil Field
Gazprom Makes ‘Substantial’ Gas Find in Kara Sea
Russian energy giant Gazprom has found another gas deposit at the Leningradskoye field in the Kara Sea which is part of the Yamal gas production centre.
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