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Oil & Gas
Egypt Signs 9 Exploration Deals Worth $1bn with Energy Companies
Awards cover exploration along the eastern and western Mediterranean as well as the Red Sea
Oil & Gas
Iraq Confirms $2bn Oil Prepayment Agreement with Chinese Firm
The Chinese firm will pay for a full year's worth of crude prior to loading shipments
Oil & Gas
Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe.
Oil & Gas
Cambodia Starts First Crude Oil Production After Years of Delays
Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy Ltd and the government, both
Oil & Gas
Oil Jumps On Significant Crude Inventory Draw
Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for the week to December 2
Oil & Gas
Angolan Crude Exports Confirmed Lower in February
The final version of Angola's February crude loading programme sets exports at 1.13mn b/d, down from 1.18mn b/d scheduled for January.
Oil & Gas
PetroChina to more than Double Sichuan Shale Gas Output by 2025
That will surpass a target set by Sinopec, which led China's shale gas development with the first commercial find at Fuling, also in the Sichuan basin, and whic
Video
Video: China's Largest Oil-and-Gas Field Reports Record Output
China's largest oil-and-gas field has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year, hitting a record high.
Oil & Gas
Oil Price Rally Fades as OPEC’s Plans Overshadow U.S. Stimulus
A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming n
Oil & Gas
Novak Says Russia Backs OPEC+ 500,000 bpd Oil Output Hike from February
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit o
Oil & Gas
Iraq Works to Boost Southern Crude Export Capacity
Iraq's oil ministry is working to boost the country's crude oil storage capacity at the southern port of al-Faw as part of plans to nearly double its southern o
Oil & Gas
China's Changqing Oilfield Exceeds 60 million tonnes of Annual Output
Changqing Oilfield, China's largest oil-and-gas field, has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year to hi
Oil & Gas
Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico
Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015.
Oil & Gas
UAE Projects a Gradual Oil Demand Recovery in 2021
The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate.
Oil & Gas
Rystad Expects 2021 to Bring Largest Crude Deficits in Years
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla
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