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Market Analysis
Rystad: Discovered Oil and Gas Resources to Reach 10 Billion Boe in 2020
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with dis…
Oil Field
Nigeria's NNPC Says First Oil Flowing from Anyala Offshore Field
Nigerian state oil company NNPC and First E&P have begun oil production at the Anyala oilfield, NNPC announced on Thursday.
Oil & Gas Trade
Natural Gas is Key to Sustainable Development Say Exporting Countries
This year’s forum for gas exporting countries assessed the current dynamics in the natural gas industry and acknowledged that the fundamentals that will drive …
Oil & Gas Trade
China Is Rapidly Expanding Its Oil Resources In Africa
China is making a major power play to expand its global energy influence.
Libya
Liberian Govt Extends Licensing Round, 2020
The Government of Liberia, through the Liberia Petroleum Regulatory Authority, has announced an extension of the time frame for the Liberia License Round, 2020 …
LNG Carrier
Sinopec Unloads the World's Largest LNG Carrier for the First Time
On November 10, the Q-MAX LNG carrier Almafia, which set sail from Qatar, successfully berthed at the Tianjin LNG receiving terminal wharf of Sinopec Natural Ga…
Oil Price
Azerbaijan Sees Increase in Oil Price
Azerbaijani oil price has increased on the world markets
Oil Pipeline
Minnesota Grants Key Permits for Line 3 Crude Oil Pipeline
Minnesota regulators have granted a stack of important approvals for Enbridge Energy’s planned Line 3 pipeline replacement across northern Minnesota.
Oil & Gas Trade
Russia’s Gazprom Finds Record-High Gas Inflow on Kara Sea Shelf
Russian gas monopoly Gazprom has performed another set of tests in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas product…
Oil&Gas Drilling
Wildcat Drilling at it’s Best – Gas Discovery Southwest of the Skarv Field in the Norwegian Sea
11/11/2020 ConocoPhillips Skandinavia AS, operator of production licence 1009, has concluded the drilling of wildcat well 6507/4-1.
Net Zero Emission
Oxy Becomes First U.S. Driller To Announce Net-Zero Plan
Occidental Petroleum has become the first U.S. oil company to announce a plan to slash greenhouse gas emissions to net-zero by 2050.
Oil & Gas Trade
Saudi Arabia and Iraq Agree to Intensify OPEC Cooperation
The ceiling compares with Iraq’s actual production of over 4 million bpd in April.
Oil Shale
ADNOC Delivers First Shale Gas from the UAE
The UAE has delivered its first unconventional gas as it takes a step closer to becoming self-sufficient in the energy feedstock.
LNG
ADNOC Says Signs LNG Supply Agreements with Vitol and Total
The Abu Dhabi National Oil Company on Wednesday said that ADNOC LNG signed up to a six-year LNG supply agreement with energy trader Vitol and a two-year supply …
Russian Federation
Russia Appoints New Energy Minister
Russian President Vladimir Putin on Tuesday named Nikolai Shulginov, head of the hydroelectricity giant RusHydro, as the new energy minister of the major oil-ex…
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