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Oil
Sub Saharan African Internation Petroleum Conferences 2021
WHERE THE WHOLE OF AFRICA'S OIL AND GAS AND ENERGY INDUSTRY CONNECT, COLLABORATE AND CREATEWELCOME TO THE PETROLEUM TECHNOLOGY ASSOCIATION OF NIGERIA'S …
Oil Pipeline
U.S. Tariff on South Korean Oil Pipelines Fixed at 9.33% to 15.07%
The final tariff rate is almost three times the preliminary tariff rate.
OPEC
Next OPEC+ Ministerial Meeting Reportedly Set For January 4
Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first trading day, J…
Oil & Gas Trade
Iran Prepares For Oil Export Boost
Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations wi…
Crude Oil
Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Hydrogen Project
Equinor Joins 10GW Shell-led Offshore-Wind-to-Green-Hydrogen Project
Oil major Equinor has joined Europe’s largest green hydrogen project, NortH2, which aims to produce one million tonnes of the zero-carbon gas annually using at…
Oil&Gas Drilling
ONGC Gains 5% As Overseas Arm Discovers Oil in Colombia
In a BSE filing, the company said that OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia.
Crude Oil
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel…
Crude Oil
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…
OPEC
Kazakhstan Supports Consensus in OPEC+ Agreement
The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconferen…
Oil&Gas Drilling
Denmark to End Oil and Gas Era in 2050
The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of…
LNG
Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand
Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers face…
Oil & Gas Trade
Japan's Inpex Signs Gas Sales Agreement with Indonesia Gas Utility
A memorandum of understanding was signed between Inpex Masela Ltd and PT Perusahaan Gas Negara.
Kazakhstan
Kazakhstan to Create Oil and Gas Engineering Development International Centre
An International Center for the Development of Oil and Gas Engineering will be created in Kazakhstan, the office of the Kazakh prime minister said on December 1…
Crude Oil
Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
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