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EU
EU Begins Discussions on Group II Quota for 2022
The EU Commission and member state representatives will meet today and tomorrow to discuss the Group II base oil import quota for January to December 2022.
Oil Pipeline
Nord Stream 2: the Difficult Birth of Russia's Gas Link to Germany
The following are significant moments in Nord Stream 2's development.
Crude Oil
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week t…
Crude Oil
Angolan Crude Oil Exports to Drop in July - Programme
Angola will export 33 crude oil cargoes in July, including one cargo of Plutonio deferred from June, down from 37 cargoes initially scheduled in June.
Crude Oil
S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…
LNG Carrier
Essberger Orders 4+4 LNG-Powered Chemical Tankers in China
German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless st…
Oil & Gas Trade
Iran Preps New Oil Export Terminal Beyond Strait of Hormuz
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show sig…
Oil Field
Shell in Talks with Nigeria to Exit Onshore Oil Fields as Part of Green Push
After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with pla…
Oil & Gas Supply
SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries
Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine …
Oil Shale
U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…
Oil & Gas Trade
Woodside Joins Chevron in Canada's Kitimat LNG Exit
Chevron, the operator and 50pc owner of Kitimat, put its stake up for sale in December 2019.
LNG
GNL Mejillones in Talks to Supply LNG to Peru
Chile's Mejillones LNG terminal is in "very preliminary talks" with Peruvian gas distributors for emergency supply during an unplanned outage at the Peru LNG li…
Oil Field
BP in Talks to Sell 28% Stake in UK North Sea Field
The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through
Crude Oil
Crude Prices Cross $70 per barrel as Western Economies Open
Portugal eased its border restrictions and opened for tourists from the UK and the EU earlier this week
Net Zero Emission
IEA’s Simple Message for Australia: No Place for Gas-Fired Recovery in Net Zero by 2050
The International Energy Agency’s Net Zero says the world should add “no new oil and gas fields … and no new coal mines or mine extensions if it is to achiev…
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