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Oil
Oil Field
Petrobras Reaches Record Buzios Output in July
Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil.
India
Total and Adani Group to Apply for Petrol Pump Licence in India
A newly formed joint venture of French supermajor Total and an Adani group firm will soon apply to the government for permission to open petrol pumps in India.
Crude Oil
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
Oil & Gas Trade
Ukraine to Increase Domestic Natural Gas Production
Ukraine’s largest natural gas producer, Ukrgasvydobuvannya, will increase domestic natural gas production, reduce the country’s dependency on imports and impr…
Oil & Gas Trade
US Firm Secures Oil Deal with US-Backed Forces in Syria
A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the…
China
Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand
Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.
LNG
Global LNG Deliveries Fall Again in July
Global LNG deliveries fell on the year for the second consecutive month in July, mostly as a result of slower demand in Latin America and some of the largest im…
Oil Price
Why Oil is up 80% in a Month?
Why oil is up 80% in a month?
10 Biggest Oil Consuming Countries in the World
In the last few decades, the share of global oil consumption from Europe and North America have begun to decline, whereas, consumption levels from Asia Pacifi…
Biobattery
BP Net Zero Strategy Features Increased Bioenergy Production
BP on Aug. 4 announced a new strategy to transform from an international oil company focused on producing resources to an integrated energy company.
Crude Oil
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi…
Oil & Gas Trade
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.
Oil Pipeline
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
U.S. pipeline company Equitrans Midstream Corp said on Tuesday it still expects to complete the $5.4 billion Mountain Valley natural gas pipeline from West Virg…
United Kingdom
BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy
In some refreshingly good news for the environment, news coming out of London, BP has announced that it is planning to cut oil and gas production by 40% and inv…
United States
Cimarron Composites Signs Contract with Shell Oil
Alabama-based Cimarron Composites has signed a five-year purchase agreement with Shell Oil company to provide advanced composite cylinders for hydrogen gas tran…
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