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Oil & Gas Trade
Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End
The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J…
Oil & Gas Trade
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…
Gas Turbine
Caterpillar China Tianjin Ltd. Manufactures First Gas Engine For Oil & Gas Application
Caterpillar Oil & Gas has manufactured its first gas engine at Caterpillar China Tianjin Ltd. (CTL) for oil and gas applications. According to Caterpillar.
Oil Field
'Roadmap' Ready to Douse Assam Oil Well Fire
A 'roadmap' has been chalked out to douse Assam's oil well fire, which continues to blaze for the fourth day on Friday and has till now claimed two lives.
LNG
Liquefied Gas Tank Explosion in Russia's Kazan kills 1, Injures 3
A gas explosion at a Gazprom distribution centre in the Russian city of Kazan has killed one person and left three injured.
Market Analysis
As Energy Prices Tumble, Developing Countries Trim Subsidies
The coronavirus pandemic has sent economies into recession and reduced government revenue, so some countries are taking a politically perilous path: removing re…
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil & Gas Trade
PGNiG to Supply LNG to LG Electronics in Poland
Polish oil and gas company, PGNiG, has announced a new deal to supply liquefied natural gas (LNG) to South Korean electronics manufacturer, LG Electronics.
Oil Price
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Crude Oil
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Africa Energy
Libya's Oil Company Says Largest Oil Field Shut Down Again
The country's largest oil field to halt work just hours after it restarted operations.
Oil & Gas Trade
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…
China Energy
The First Large Oilfield of 100 Million Tons was Discovered in the Northern Area of Laizhou Bay, China
"The first large oilfield of 100 million tons was discovered in the northern area of the Laizhou Bay in China's Bohai Sea!" This Kenli 6-1 oilfield has proven o…
Crude Oil
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Oil Field
Massive Fire at Assam's Baghjan Oil Well
A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.
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