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CNPC
China's Crude Oil Imports to Rise 2% y/y in 2020
China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, accordi…
Energy Transition
Australia Looks to Big Oil in Latest Plan to Curb Emissions
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleu…
French Group Total Buys up Some Assets from Portugal's EDP
Total's shares on the Paris bourse .FCHI gained 4% in early trade after the deal, and a separate announcement that it was calling off a deal to acquire Occident…
Oil & Gas Trade
OPEC Says Nigeria's Oil Output Dropped Last Month
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…
Oil&Gas Drilling
Australia is in the Process of Developing Dorado Field
Australia's Santos is pushing forward with its Dorado field development. The competitive process for the supply of the FPSO has started and a shortlist of contr…
Oil & Gas Trade
OPEC Expects Global Oil Demand Hits Biggest Downfall
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
Oil & Gas Trade
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Crude Oil
Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting …
Oil Price
Australia's Woodside Sees Low Oil Prices into 2021
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
LNG
US $2.8bn Export LNG Carriers to be Constructed in China
CSSC Chairman Lei Fanpei, Saad Sherida AI-Kaabi, president and CEO of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on…
Crude Oil
$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…
Oil & Gas Trade
China's Comprehensive LNG Import Price Down
China's comprehensive import price index for liquefied natural gas (LNG) fell last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).
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