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Oil
Oil Field
ExxonMobil in Negotiations to Acquire Stake in India’s Oil and Gas Fields
US oil major ExxonMobil is reportedly in talks to acquire a stake in India’s producing oil and gas fields.
Oil & Gas Trade
Alaska’s Oil Exports Double Amid Strong Chinese Demand
While demand from U.S. West Coast refiners has been subdued, overall Chinese crude oil imports have held strong during the COVID-19 wave in China early this yea…
LNG
Australia’s LNG Exports at Nine-Month High
Australia's LNG exports rose to a nine-month high of 7.04mn t in October, driven by record shipments from the Queensland port of Gladstone.
Natural Gas
Argentina Draws 16 Bids for Subsidized Gas Supply
Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power genera…
Oil Price
OPEC+ Working on Compromise for 2021 Oil Policy
The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).
Oil & Gas Trade
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Oil&Gas Drilling
ConocoPhillips Starts Production from First Redevelopment of Shut-in Field in Norway
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project, which is located offshore Norway.
Oil Pipeline
China-Russia Eastern Gas Pipeline Ventilates 3.85 Billion Cubic Meters of Gas a Year
The Sino-Russian East Route Natural Gas Pipeline ushered in the first anniversary of its operation and ventilation.
China
OIL & GAS 50 2020 RANKING
Shell retains title of world’s most valuable oil & gas brand, brand value up 12% to US$47.5 billion.Saudi Aramco is new entrant in ranking taking second positi…
Oil & Gas Supply
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c…
Oil Field
BP Starts Drilling Platina Field Offshore Angola
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.
Oil&Gas Drilling
Triangle Energy Restarts Production from Cliff Head Well
Australia’s Triangle Energy has resumed production from the CH-7 well at the Cliff Head oil field following a successful workover program.
Natural Gas
India to See $66 billion Investment in Gas Infrastructure
India will see a massive $66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view t…
LNG
Eni Strikes Deals to Reopen Egypt's Damietta LNG Plant
Italian energy group Eni has struck deals with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over a shuttered gas plant it part owns in nor…
Crude Oil
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output …
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