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India
India Clears Plan for Domestic Gas Price Discovery
The Indian cabinet has approved a policy aimed at creating price discovery for domestic natural gas output, part of a series of reforms by Delhi to push the cou…
Crude Oil
Opec Sees Oil Demand Peak Around 2040
World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.
Vietnam
Vietnam Gets Bids for Dung Quat Refinery Expansion
Vietnam's Binh Son Refinery has received bids for a $1.8bn upgrade and expansion project that will increase capacity at its 145,000 b/d Dung Quat refinery by ar…
Oil&Gas Drilling
Oil Exploration In Norway Slumps By A Third
Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.
Oil Price
Oil Prices Soar As Trump’s Condition Improves
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursda…
Crude Oil
Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …
Oil & Gas Trade
Iraq Boosts Oil Exports Despite OPEC+ Pledges
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised it…
Oil & Gas Trade
Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain
Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenar…
Oil Price
Oil Falls Further After Trump's Positive Test for COVID-19
Oil prices extended losses to more than 3 per cent on Friday after U.S. President Donald Trump said he has tested positive for the coronavirus, while a U.S. sti…
Oil & Gas Trade
Golar Power Offers Top Bid for Petrobras's LNG Import Terminal
Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil's state-run energy firm Petrobr…
LNG
Singapore's First LNG Bunkering Vessel to be Operational by Year End
The first liquefied natural gas bunkering vessel in Singapore is expected to become operational by the end of this year, providing ship-to-ship bunkering servic…
LNG
Ukraine Gas Demand Hits Recent-Year August High
Ukrainian gas demand climbed sharply in August, driven by strong demand from gas-intensive industrial consumers and the power sector.
Crude Oil
Egypt Inaugurates Refinery Project in Mostorod
Petroleum Minister Tarek al-Molla stressed the importance of developing Egypt’s infrastructure of Egypt in oil refining and processing, and the vital role this…
Oil Field
Lundin Energy Raises Norway's Grieg Oilfield Reserve Estimate
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17 per cent, and boosted output …
Oil & Gas Trade
Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030
Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around …
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