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Oil&Gas Drilling
Turkey Starts Drilling Second Well in Black Sea
Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with th…
Crude Oil
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing f…
Oil & Gas Trade
China’s Jinzhou Refinery Exports First Diesel to Chile
Chinese state-controlled refiner PetroChina's Jinzhou refinery in Liaoning province has exported its first diesel cargo to Chile.
Oil & Gas Trade
Election 2020: Climate Change Won’t Be Part Of Texas Oil Regulator’s Agenda
In a sweeping victory for America’s oil and gas industry, Republican businessman James “Jim” Wright comfortably won a seat on Texas’ energy regulator with 5…
Oil Price
Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards…
Oil Pipeline
The Point: Russia Opens Huge Natural Gas Pipeline Linking China
Russian natural gas has begun to flow into China. But how will it affect Russia's relations with the West – and is it even enough to satisfy China's energy nee…
Oil Price
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
LNG Carrier
PGNiG Group Contracts Ships for Transporting US LNG
Chartered gas carriers will be used for trading LNG contracted by PGNiG with American suppliers.
Oil&Gas Drilling
Shell Takes Stakes in Transkei & Algoa Blocks Offshore South Africa
Under the terms of the farm-out agreement, Shell will acquire a 50% working interest in the Transkei & Algoa blocks and operatorship.
Oil & Gas Trade
Saudi Gas Production Jumps To Record
Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.
Oil & Gas Trade
French Company Abandons Plans to Import US Gas
The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ampl…
Oil Field
Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
Oil&Gas Drilling
Nigerian Operator Produces First Oil from Shallow-Water Project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.
Oil Price
Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir s…
Market Analysis
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…
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