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Oil Price
Oil Settles up 3%, Boosted by Mexican Oil Rig Outage, U.S. Vaccine Approval
Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory appro…
China
China’s Big Oil To Exploit Core Strengths In Decarbonization
The Chinese economic miracle has succeeded in lifting millions out of poverty and transforming the geopolitical landscape.
Oil & Gas Trade
Uganda Suspends NGOs Opposing Oil Projects
Uganda says the suspended organizations have been meddling with local politics.
Oil Field
Norway's Duva Oil and Gas Field Starts Up
UK private equity-backed independent Neptune Energy has started production from the Duva oil and gas field in the Norwegian North Sea.
Oil & Gas Trade
Illicit Oil Exports Cost Iran Billions In Lost Revenues
The actual amount of oil that it sold in this period should have brought $6 billion to the government. In fact, it earned only 10 percent of the real value of t…
Crude Oil
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices …
United States
Alaska Judge Dismisses Trump-era Approvals for Arctic Oil Project
A US federal judge invalidated permits approved during the Trump administration for a large oil development project on Alaska’s North Slope on Wednesday.
Oil Pipeline
Just 15 km of Nord Stream 2 pipeline to Go, Says Putin
he $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic metres a year has been a focal point of tensions between Mos…
Oil & Gas Supply
Oil Company Stops Supplying Lebanon with Petrol
Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry
CNOOC
CNOOC's First-Half Profit more than Triples
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by reboundi…
Switzerland
GEG Partners with Proman on Scottish Green Methanol Plant
Global Energy Group, owners of the Nigg Oil Terminal in Scotland, has partnered with Proman, a Swiss-based energy company, to develop a renewable power to metha…
LNG
Brazil June Gas Demand up on Power Generation
Brazil's natural gas consumption rose by 16.5pc in June, led by a surge in demand for power generation as drought slashed hydropower capacity.
LNG
Post-COVID-19 Recovery of LNG Market: What’s Next?
The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic.
Crude Oil
Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth
Crude came under pressure amid weakness in the commodities market and equities more generally.
Oil Field
GS Group Sells off Entire 30% Stake in Nemaha Oil Field in Oklahoma
GS Global and GS Energy sold off their entire 30 percent stake in an oil field in Oklahoma of the United States in July
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