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Oil&Gas Drilling
Nigeria’s Oil Rig Count Drops by 30% in One Month
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month.
Oil & Gas Trade
Japan Says Reached Oil Storage Deal with Kuwait
Under the deal, KPC can use storage tanks at refiner Eneos' Kiire base in southern Japan of Kagoshima as an export base for eastern Asia.
Laos
Laos' First Petroleum Refining Project is Put into Operation
The first phase of the 3 million tons/year refining and chemical project of Laos Petrochemical Co., Ltd. was officially put into operation on the 30th.
LNG
SHI Secures LNG Carrier Order
South Korean shipbuilder Samsung Heavy Industries has received an order to build an LNG carrier, the firm's first carrier order in nearly a year.
Oil Price
OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues …
CNOOC
Trump to Add China's SMIC and CNOOC to Defense Blacklist
The list is also part of a broader effort by Washington to target what it sees as Beijing’s efforts to enlist corporations to harness emerging civilian technol…
Biomass Power Plant
Mali Zvornik in Serbia Building Biomass Heating Plant in EUR 2.35 million Project
Two boilers of 900 kW each fueled by wood chips and a spare one on gas, with a capacity of 2.5 MW, will provide heating for the inhabitants of Mali Zvornik from…
Petronas Posts Nine-Months Loss
Malaysian energy giant Petronas posted a loss for the nine months of 2020.
Oil Price
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
LNG
Innovative Floating LNG Regasification Plant in Ghana gets Funding
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions.
Oil & Gas Trade
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
Energy Investment
Repsol to Invest €5.5bn in Low Ccarbon Generation
Oil and gas player unveils spending as part of ‘strategic plan to accelerate energy transition’.
China
China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal
China has accelerated imports of crude oil, propane and liquefied natural gas from the United States since July.
Oil&Gas Drilling
Video: How Offshore Oil Rigs Work
How Offshore Oil Rigs Work
Biofuel
Battered by Virus and Oil Slump, Biofuels Fall out of Favour
The production of biofuels for transport in 2020 is expected to decline 11.6 percent on 2019 levels, the first fall in 20 years, according to the International …
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