1. Oil Output
2020-04-21
Argentina eyes $45/b minimum crude to sustain production...
{ spglobal.com }
Argentina is considering setting a minimum oil reference price at $45/b for local production, as much as $9/b less than some producers had requested . . .
2020-04-21
Saudi Arabia gets physical with Russia in underground oil bout
{ Reuters }
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows . . .
2020-04-21
Irans oil production down 52,000 bpd in one month
{ iranfocus.com }
Irans crude oil production dropped to just 2.18 million barrels a day in March, according to the Organization of Petroleum Exporting Countries . . .
2020-04-22
Texas oil regulators take no action on production
{ texastribune.org }
The morning after oil prices crashed into negative territory, Texas oil regulators on Tuesday decided against taking action to impose limits on oil producers . . .
2020-04-22
Norway will decide soon whether to cut oil output...
{ Reuters }
Norways oil minister said on Tuesday that the Scandinavian energy producer would soon decide whether to cut output . . .
2020-04-22
Chinas March oil product output slumps 13% on year...
{ hellenicshippingnews.com }
Chinas overall output of six major oil products LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil fell by an average of 12.5% year . . .
2020-04-22
South Pars Gas Field boosts output
{ financialtribune.com }
Programs are underway to increase output from South Pars Gas Field phases 20 and 21. Work is expected to be completed in the second half of this year . . .
2020-04-22
Egypt adds 2 gas wells to production with production...
{ egypttoday.com }
The Egyptian Ministry of Petroleum announced Tuesday adding two new wells of natural gas to production in the Mediterranean region . . .
2020-04-22
Argentina shows signs of waning hydrocarbons production
{ bnamericas.com }
Argentinas natural gas production fell in February compared to the same month last year, breaking an upward trend that was boosted . . .
2020-04-23
India oil refineries scale back output as coronavirus
{ Hindustan Times }
India crude processing in March fell 5.7% from a year earlier, its biggest drop since September, as the coronavirus crisis and . . .
2. General News
2020-04-21
Kuwait may slow down oil projects due to Covid-19
{ zawya.com }
Kuwait is considering slowing down some oil projects after the discovery of Covid-19 cases among workers at key project sites . . .
2020-04-22
A hunt for any storage space turns urgent as oil glut grows
{ Economic Times }
The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle . . .
2020-04-22
The oil industry shakeout is just beginning with more production cuts...
{ cnbc.com }
Wild trading in an oil futures contract this week was like an alarm going off for a fire that firefighters already knew was burning . . .
2020-04-22
Explainer: Antitrust law will not get in the way of U.S. acting...
{ Reuters }
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators . . .
2020-04-23
Saudi Arabia could borrow record $58bn as oil slump bites
{ Gulf Business }
Saudi Arabia could borrow SAR220bn ($58bn) this year as it plugs a widening budget gap induced by plunging oil prices and . . .
2020-04-24
Short sellers make nearly $300 million betting against retail...
{ cnbc.com }
As smaller investors pile into the risky and troubled United States Oil Fund, hedge funds are taking the other side of that trade and making a lot of money . . .
2020-04-24
Colombia private oil investment to fall by more than $1 billion...
{ Economic Times }
Private oil companies operating in Colombia will cut planned investments in 2020 by more than $1 billion following the global plunge in oil prices . . .
2020-04-26
Venezuela replaces refining official amid acute fuel shortage
{ Reuters }
Venezuela has replaced the refining and petrochemicals vice minister at the OPEC nation’s oil ministry amid an acute . . .
2020-04-26
Nigerian crude producers smashed by low crude oil prices
{ nairametrics.com }
Nigerian crude producers are having a rough time due to the sliding crude oil prices, as they have started counting their . . .
2020-04-26
17 arrested in Lebanon over oil import fraud
{ famagusta-gazette.com }
A Lebanese judge on Saturday arrested 16 employees and officials in oil facilities of Lebanon and the director of Sonatrach in . . .
3. Oil Contracts
2020-04-21
Russia to extend Transneft chiefs contract despite oil contamination...
{ Economic Times }
The Russian government will extend Transneft boss Nikolai Tokarevs contract for five years despite the contaminated oil crisis . . .
2020-04-22
Ukrgazvydobuvannia signs PEC contract with Expert Petroleum...
{ en.interfax.com.ua }
JSC Ukrgazvydobuvannia, following the results of a tender, has signed a production enhancement contract with Expert Petroleum for 15 years . . .
2020-04-23
Sembcorp subsidiary terminates deal with troubled oil trader Hin Leong
{ CNA }
Sembcorp Industries said on Wednesday (Apr 22) that its subsidiary Sembcorp Cogen has terminated a gasoil supply and . . .
2020-04-24
Naftogaz signs contract with Expert Petroleum to increase...
{ energyindustryreview.com }
According to the results of the open tender, Naftogaz Group has attracted an international company, Expert Petroleum . . .
2020-04-28
Quarterly midstream M&A deals review – Q1 2020
{ offshore-technology.com }
GlobalDatas latest report, Quarterly Midstream M&A Deals Review – Q1 2020, shows that a combined value of $8.8bn in mergers and acquisitions . . .
2020-04-29
Mota-Engil Group secures contract for natural gas project...
{ macauhub.com.mo }
Mota-Engil Ãfrica signed, as part of a 50/50 partnership with BESIX, a Belgian company specialising in maritime projects . . .
2020-04-30
Continental Resources sued over failed oil deal amid price crash
{ oilprice.com }
A small privately held oil and gas company from Tulsa, Oklahoma, is suing Continental Resources over a deal from which Continental withdrew . . .
2020-04-30
Spains Naturgy seeks to renegotiate gas contracts as earnings drop
{ Economic Times }
Spanish utility Naturgy is taking advantage of slumping gas prices to renegotiate supply contracts, it said on Wednesday . . .
2020-05-05
NGC signs gas supply agreement with Touchstone, Heritage
{ looptt.com }
The National Gas Company has signed a Framework Agreement with Primera Oil and Gas Limited a wholly owned subsidiary of Touchstone Exploration . . .
2020-05-08
Williams lands Gulf of Mexico pipeline deal with Chevron, Total
{ houstonchronicle.com }
Oklahoma pipeline operator Williams has landed a deal to haul natural gas from an offshore project being developed by Chevron . . .
4. Oil Exploration
2020-04-21
SDX Energy announces commercial gas discovery...
{ oilreviewmiddleeast.com }
SDX Energy, a London based international oil and gas exploration, production and development company with a principal focus on the Middle East . . .
2020-04-22
DOE gets bids for 3 oil exploration areas
{ businessmirror.com.ph }
The Department of Energy said it has received three bid nominations for oil and gas exploration area in waters disputed with China . . .
2020-04-22
Investors offer to explore 3 oil blocks in West Philippine Sea
{ manilastandard.net }
Investors have offered to develop three areas in the West Philippine Sea under the Philippine Conventional Energy Contracting Program . . .
2020-04-22
BHP issues updates on offshore projects, spending plans
{ offshore-mag.com }
Currently the Atlantis Phase 3 and Mad Dog Phase 2 projects in the US Gulf of Mexico are respectively 53% and 70% complete . . .
2020-04-23
Australian Senate inquiry into oil and gas exploration delayed
{ energynewsbulletin.net }
A Senate Committee established an inquiry to investigate whether or not offshore seismic surveys were harmful to marine . . .
2020-04-24
Shell delays making decision on North Sea and Gulf of Mexico...
{ oilfieldtechnology.com }
The company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand . . .
2020-04-24
Serica expects 6-month delay for Columbus offshore field start-up
{ oedigital.com }
UK North Sea oil and gas company Serica Energy expects to see first gas from its Columbus development in late 2021 . . .
2020-04-25
Norwegian government proposes further restriction...
{ hellenicshippingnews.com }
Norways minority government proposed on Friday moving south the so-called ice edge, setting new limits for oil exploration in its Arctic waters . . .
2020-04-27
Self-certification of oil discovery allowed
{ telegraphindia.com }
The government has simplified procedures for oil and gas exploration and production by providing for self-certification for a host of compliance . . .
2020-04-27
Shell reportedly delays Whale, Jackdraw projects
{ offshore-mag.com }
Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea . . .
5. Oil Prices
2020-04-21
Permian spot gas prices test record low as maintenance limits...
{ spglobal.com }
Spot natural gas prices in West Texas tumbled to levels below minus $7/MMBtu in early trading Monday as pipeline maintenance was expected to cut . . .
2020-04-22
US oil prices jump after massive rout
{ gulfnews.com }
US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due to a coronavirus-triggered demand shock . . .
2020-04-22
Gas prices in Nevada continue to fall, but lag behind other states
{ reviewjournal.com }
Gas prices in Nevada are inching toward $2 per gallon. The last time the Silver State saw prices at the $2 per gallon mark was February 2016 . . .
2020-04-22
Gas prices fall nearly 10 cents in Wyoming in past week
{ wyomingnews.com }
Wyoming gas prices have fallen 9.9 cents per gallon in the past week, averaging $1.88 per gallon Monday, according to GasBuddy.coms daily survey of 494 stations . . .
2020-04-22
Gas prices expected to drop under $1 in Michiana
{ abc57.com }
Gas prices in Michiana are expected to dip under $1 in the near future. These prices are a result of US oil shares dropping into negative numbers on Monday . . .
2020-04-22
Gas prices in Indianapolis drop to $1
{ cbs4indy.com }
Within the last 24 hours, U.S. oil plunged to near negative $37 per barrel. We have not seen levels that low since 1983. Basically . . .
2020-04-22
Fuel prices unlikely to reduce in Ghana - COPEC
{ pulse.com.gh }
The Chamber of Petroleum Consumers-Ghana has disclosed that despite the drastic fall of fuel prices on the world market . . .
2020-04-23
Oil may sink to -$100 a barrel next month, says analyst
{ moneycontrol.com }
US oil will likely continue down the slippery slope and the June price of West Texas Intermediate crude can fall to . . .
2020-04-23
Oil extends gains, but still under pressure from coronavirus
{ deccanherald.com }
Oil extended gains Thursday after a massive rebound overnight, but prices remain under pressure as the coronavirus . . .
2020-04-23
Gas prices dropping, but drivers in the PNW continue paying
{ kval.com }
Gas prices continue to drop across the country this week as demand for fuel is at its lowest in more than 50 years, according to . . .
6. OPEC news
2020-04-21
OPEC: Azerbaijans daily oil production to drop to 700,000 bpd in 2020
{ azernews.az }
OPEC forecasts average daily oil production in Azerbaijan for 2020 at the level of 700,000 barrels, local media reported citing OPEC Monthly Oil Market Report . . .
2020-04-21
Interview: Qatar thrives outside OPEC as minister warns over market...
{ spglobal.com }
Qatar quit OPEC at the end of 2018 and has not regretted it since, energy minister Saad al-Kaabi told S&P Global Platts Monday . . .
2020-04-21
OPEC daily basket price stood at $18.16 a barrel Friday...
{ marketscreener.com }
The price of OPEC basket of thirteen crudes stood at $18.16 a barrel on Friday, compared with $17.73 the previous day . . .
2020-04-22
Brunei mulls curbing oil output in line with OPEC+ pact
{ thescoop.co }
Brunei will review cutting oil output in cooperation with OPEC, the second minister of finance and economy said Tuesday . . .
2020-04-22
OPEC considering oil-production cuts ahead of schedule...
{ markets.businessinsider.com }
Saudi Arabia and other OPEC members are considering cutting oil production earlier than next month, The Wall Street Journal reported Monday . . .
2020-04-24
OPECs no.3 already started cutting oil supply
{ oilprice.com }
Although the new OPEC+ agreement goes into effect on May 1, OPECs fourth-largest producer, Kuwait, has already started to reduce crude oil supply . . .
2020-04-24
OPEC daily basket price drops to 12.22 USD per barrel
{ xinhuanet.com }
The Organization of the Petroleum Exporting Countries daily basket price dropped to 12.22 U.S. dollars a barrel on Wednesday . . .
2020-04-25
OPEC daily basket price increases to US$15.23 per barrel
{ newsghana.com.gh }
The Organization of the Petroleum Exporting Countries daily basket price increased to 15.23 U.S. dollars a barrel on Thursday . . .
2020-04-27
Kuwaits KPC cuts crude supplies in line with OPEC+ deal
{ Reuters }
Kuwait Petroleum Corp is coordinating with clients around the world to cut its crude supplies in line with commitments under a deal . . .
2020-04-28
OPEC sees oil rising to $40 in second half of 2020
{ oilprice.com }
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020 . . .
7. Oil Stocks
2020-04-21
Delek Group sells Cohen Development stake
{ en.globes.co.il }
Yitzhak Tshuvas Delek Group is selling its 51.8% stake in Cohen Development Oil & Gas for NIS 207 million, representing an 8.5% discount . . .
2020-04-21
Bidders for ADNOC gas pipelines in talks for $8 billion loan...
{ Reuters }
A consortium of bidders including U.S.-based Global Infrastructure Partners is in talks with banks for an $8 billion loan to back their investment . . .
2020-04-22
Singapore Hin Leongs oil assets have strategic value for Chinas...
{ spglobal.com }
A stake in Singapores Lim familys petroleum, storage and shipping businesses could give a huge strategic advantage to Chinas national oil companies . . .
2020-04-23
ASX slips as health stocks drag, oil rally boosts energy stocks
{ ABC }
The Australian share market has retreated from early gains to close lower, dragged down by banks and health care stocks, while . . .
2020-04-23
China ramps up crude oil stockpiles, as prices collapse
{ fxstreet.com }
According to the Associated Press, China, the world’s top oil consumer, is ramping up its crude oil stockpiles, taking advantage of . . .
2020-04-23
UAE : Dana Gas says to use proceeds of sale of Egypt assets
{ Reuters }
United Arab Emirates-based Dana Gas said on Thursday it plans to use proceeds from the sale of its Egyptian assets to . . .
2020-04-23
Tullow sells stake in Uganda project to Total for $575m
{ RTE }
Tullow Oil said today that Total has agreed to buy its entire stake in their joint onshore oil fields in Uganda for $575m as . . .
2020-04-23
Saipem outlook good but sinks to red as offshore drilling...
{ energyvoice.com }
Italian energy services firm Saipem said its outlook is good but the recent deterioration of the oil market sunk the company . . .
2020-04-24
Sinopec in talks to buy Hin Leong stake
{ thestandard.com.hk }
Chinese state energy company Sinopec is in early-stage talks with Hin Leong to buy a stake in an oil storage terminal . . .
2020-04-25
BPCL stake may not happen this fiscal
{ livemint.com }
The governments plan to sell its stake in Bharat Petroleum Corporation Ltd may not happen this fiscal, thanks to the adverse impact of coronavirus outbreak . . .
8. Biofuels
2020-04-21
As U.S. fuel demand dries up, more ethanol producers...
{ agriculture.com }
An increasing number of U.S. ethanol plants trying to survive a drop in fuel demand brought on by the coronavirus outbreak . . .
2020-04-21
Ethanol industry could see $10 billion in losses due to COVID-19
{ ethanolproducer.com }
As the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion . . .
2020-04-21
US ethanol production could fall by 3 billion gallons in 2020...
{ spglobal.com }
US ethanol production could fall by 3 billion gallons in 2020 due to the coronavirus pandemic, an analysis by a key ethanol trade group estimated Monday . . .
2020-04-21
Spanish ethanol producers prepare to cut output
{ argusmedia.com }
Spains other plant, a 35,000 t/yr facility run by conglomerate Acciona, uses wine industry residues as feedstock. It has offered small amounts of product . . .
2020-04-21
USDA: $19 billion COVID-19 program provides no relief for biofuel
{ ethanolproducer.com }
The USDA on April 17 announced a $19 billion COVID-19 relief program to assist farmers, ranchers and consumers . . .
2020-04-22
Nearly 30% of ethanol plants idled, including four in Minnesota
{ startribune.com }
Four Minnesota ethanol plants are idled and many more have throttled back production as COVID-19 has sapped gasoline demand, crushing the biofuel industry . . .
2020-04-22
Iowas E15 sales up 38 percent in 2019
{ ethanolproducer.com }
Iowas E15 sales grew by 38 percent last year, reaching a record high of 47.4 million gallons, according to data released by the Iowa Department of Revenue . . .
2020-04-22
Pacific Ethanol sells ownership interest in Pacific Aurora LLC
{ ethanolproducer.com }
Pacific Ethanol Inc., a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States . . .
2020-04-22
UK biofuel consumption up 24% in 2019
{ ethanolproducer.com }
The U.K. government recently released updated energy statistics that show liquid biofuel consumption reached 2.351 billion liters last year . . .
2020-04-22
Company embarks on bulk carrier biofuel trial in quest for...
{ biofuels-news.com }
Bavarian ship management company Minship and its subsidiary Minmarine have announced that a bulk carrier in their fleet of managed vessels . . .
9. Rig News
2020-04-21
Daily paid oil rig worker not salaried per FLSA, owed OT...
{ Reuters }
The 5th U.S. Circuit Court of Appeals on Monday held that workers who are paid a daily rate do not receive a salary under federal wage law . . .
2020-04-22
US drillers remove maximum oil rigs in more than 5 years
{ finance.yahoo.com }
Baker Hughes data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry . . .
2020-04-23
Keppel delivers new Jack-up drilling rig to Borr Drilling
{ marinelink.com }
Singapore-based offshore drilling rig builder Keppel Offshore & Marine has delivered a newbuild jack-up drilling rig to . . .
2020-04-24
Drilling rig operator braces for 60 percent drop in oil & gas activity
{ houstonchronicle.com }
Houston drilling rig operator Patterson-UTI is bracing for a 60 percent drop in oil-field activity as it lost nearly a half-billion dollars in a first quarter . . .
2020-04-24
US oil, gas rig count falls 76 on week to 491 after record-low crude price
{ spglobal.com }
The US oil and gas rig count fell 76 week on week to 491, rig data provider Enverus said Thursday, a few days after oil prices plunged . . .
2020-04-25
Rig count collapse continues despite jump in oil prices
{ oilprice.com }
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 64, falling to 465 . . .
2020-04-25
North American oil rig count falls once again
{ fxleaders.com }
June WTI futures are in the green for the third straight day following Tuesdays epic meltdown. Prices have rallied above $16.50 . . .
2020-04-25
Maersk Drilling to mothball several rigs, reduce North Sea...
{ oedigital.com }
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence . . .
2020-04-26
Petronas denies shutting down 14 oil rigs in Malaysia
{ theborneopost.com }
Petroliam Nasional Bhd has denied deactivating or shutting down its 14 oil rigs in Malaysia as alleged in a recent news . . .
2020-04-27
U.S. drillers cut most oil rigs in a month since 2015...
{ hellenicshippingnews.com }
U.S. energy firms cut the most oil rigs in a month in April since 2015 with oil prices down over 70% since the start of the year . . .
10. Oil Demand
2020-04-21
OPEC: Global oil demand to witness a historic drop in 2020
{ albawaba.com }
The world oil demand growth forecast for 2020 is revised lower by 6.9 million barrels per day, to a historical drop of around 6.8 mb/d . . .
2020-04-21
Brazil LPG demand spikes in response to quarantines
{ argusmedia.com }
In 12 Brazilian states, including Sao Paulo, LPG demand increased by more than 30pc and in another seven states demand is up by 10pc-20pc . . .
2020-04-22
South Australias power sector gas demand may slide
{ argusmedia.com }
Gas demand for power generation in South Australia may fall by up to 80pc under three scenarios for the outlook of the states electricity generation . . .
2020-04-22
Investors spooked by oil demand worries
{ asiatimes.com }
Financial markets surveyed the devastation to oil demand from the coronavirus pandemic even as benchmark prices staged a brief recovery . . .
2020-04-23
Oil rises for 2nd day as producers trim output to respond to demand loss
{ CNBC }
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for . . .
2020-04-24
Chinas long-term need for LNG still huge; short-term demand...
{ mining.com }
The 30,000-foot-view, in business parlance, describes getting to a high enough level to see the big picture. Its also an apt phrase . . .
2020-04-25
Analysis: Oil demand clouds darken despite Europe turning...
{ spglobal.com }
Market pessimism continues to grow over the impact of COVID-19 on global oil demand despite signs that economic measures . . .
2020-04-26
Gas prices in NJ, nation still falling with decreased demand
{ pix11.com }
Gas prices continue to drop in New Jersey and around the nation amid the coronavirus outbreak despite what would . . .
2020-04-27
Oil demand clouds darken despite Europe turning corner...
{ hellenicshippingnews.com }
Market pessimism continues to grow over the impact of COVID-19 on global oil demand despite signs that economic measures . . .
2020-04-29
Covid-19 creates supply and demand crisis for oil and gas
{ offshore-technology.com }
Demand for oil is likely to decrease by 23.1 million barrels per day in Q2 as oversupply and less demand worsen the price crash . . .
11. Oil Pollution
2020-04-22
Plains All American to pay $60m over oil spill
{ santaynezvalleystar.com }
Plains All American Pipeline must pay $60 million in financial penalties and implement new safeguards, according to a settlement . . .
2020-04-22
BP oil disaster penalties and settlements fund billions of dollars...
{ fox8live.com }
Ten years ago today, 130 miles from New Orleans, BP was struggling to manage the extreme forces in its Macondo oil well . . .
2020-04-24
Oily water cleanup continues at Valdez Marine Terminal
{ thecordovatimes.com }
Alyeska Pipeline Service Company and state officials are continuing their investigation of an oil spill sheen near the Valdez Marine Terminals small boat harbor . . .
2020-04-25
Restoring island where cleaned birds brought during BP spill
{ brproud.com }
Louisiana is moving toward restoration of an island so low that high tides often drown the eggs and chicks of the pelicans and other birds that nest there . . .
2020-04-25
Diesel spill fouls bay in northern Haida Gwaii
{ straight.com }
A forestry company has confirmed that a diesel oil spill took place in Haida Gwaiis Dinan Bay during the early morning of April 22 . . .
2020-04-26
Huge amounts of methane leaking from U.S. oil fields
{ everythinglubbock.com }
Oil and gas operations in the Permian Basin, the largest oil-producing area in the United States, are spewing more than . . .
2020-04-26
Environment experts investigate how oil got into the...
{ northamptonchron.co.uk }
A spokesperson for the agency told the Chron: “We are aware that some oil has entered the River Nene. We understand . . .
2020-04-27
350 gallons of oil spill into Connecticut River
{ wmur.com }
About 350 gallons of heating oil have leaked into the Connecticut River from a New Hampshire facility, authorities say . . .
2020-04-27
French Polynesia acts over oil spill fears
{ rnz.co.nz }
The ship Shen Gang Shun 1, which ran aground on 21 March, has 250 tonnes of fuel and about 70 tonnes of rotting fish on board . . .
2020-04-27
Oil that spilled into West Cork beach had come from boat...
{ corkbeo.ie }
An enquiry got underway yesterday after images showed the discoloured water on Reenrour East that appeared to cover the entire shore . . .
12. Oil Transportation
2020-04-22
Low LNG prices lead to major shift in Greek gas market dynamics...
{ spglobal.com }
The fall in spot LNG prices had led to the formation of a new dynamic on the Greek gas market as LNG cargoes increasingly head to the Southeast European country . . .
2020-04-23
Nigeria oil, gas export hits $5.18bn in one year
{ newtelegraphng.com }
The Nigerian National Petroleum Corporation has disclosed that in the last one year, between January 2019 and January . . .
2020-04-23
China : Sinopec resumes gas transmission from Northwest oilfield
{ Reuters }
Chinas Sinopec has fully resumed gas transmission from its Northwest oilfield via the West-East natural gas pipeline . . .
2020-04-23
Nigeria records $434m oil, gas sales in Jan - NNPC
{ thetidenewsonline.com }
The Nigerian National Petroleum Corporation (NNPC) says the country recorded crude oil and gas export sales of 434.85 . . .
2020-04-23
Indonesia : Pertamina favors imported oil over domestic
{ spglobal.com }
Indonesia is increasingly finding the recent oil price crash working in favor of its trade balance sheet, allowing stat . . .
2020-04-24
Wave of LNG cargo cancellations to start as soon as June...
{ spglobal.com }
US LNG suppliers could see 20 to 25 cargoes canceled in June, kicking off a wave of cancellations that will last through October . . .
2020-04-25
Russia cuts European sea ports oil exports to 20-year-low
{ oilprice.com }
Russia is preparing to significantly reduce the oil supply to the market from its Baltic and Black Sea ports to the lowest in two decades in May . . .
2020-04-25
Global oil supply to fall 6 per cent by 2030 due to delayed projects...
{ Economic Times }
Global oil supplies may be 6 per cent less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices . . .
2020-04-25
Cosco-CNPC JV to order three LNG carriers
{ argusmedia.com }
A new joint venture between Chinese shipowner Cosco and state-owned CNPC is set to order three LNG carriers from Chinas Hudong Zhonghua shipyard . . .
2020-04-27
Singapore-Fujairah delivered marine fuel 0.5% bunker...
{ spglobal.com }
The Singapore delivered marine fuel 0.5% bunker price widened to a record premium of $35/mt to the same grade in Fujairah Friday . . .
13. Oil Consumption
2020-04-22
Italys March oil product consumption slumps amid lockdown
{ Reuters }
Consumption of some petroleum products in Italy last month slumped by as much as two thirds amid a lockdown that has been in place . . .
2020-04-24
U.S. oil consumption stabilises but stockpiles continue to swell...
{ Reuters }
U.S. petroleum consumption has fallen by a third since the economy went into lockdown in March but showed signs of stabilising last week . . .
2020-04-25
Coronavirus lockdown pushes Spanish fuel consumption...
{ Reuters }
Spanish road fuel consumption fell by a quarter year-on-year in March to its lowest since January 1999 as measures . . .
2020-04-27
Eni sees gradual recovery in H2
{ kallanishenergy.com }
Italian oil major Eni said Friday it expects a gradual recovery in global consumption of oil, natural gas and power in the second half of the year . . .
2020-04-29
In 2019, U.S energy production exceeded consumption...
{ hellenicshippingnews.com }
In 2019, for the first time since 1957, energy production exceeded energy consumption in the United States on an annual basis . . .
2020-04-30
EIA: U.S. energy production exceeds consumption in 2019...
{ agmetalminer.com }
U.S. energy production exceeded its consumption last year for the first time since 1957, according to the Energy Information Administration (EIA) . . .
2020-05-05
Chinas natural gas apparent consumption edges up in Q1
{ xinhuanet.com }
Chinas natural gas consumption edged up year on year in the first quarter of 2020 amid efforts to fight air pollution . . .
2020-05-08
O&G global consumption to recover in Q3
{ nst.com.my }
Oil and gas global consumption in the second-quarter this year to be worst hit but the demand recovery will likely begin in the third-quarter . . .
2020-05-09
Indias fuel consumption falls 46% to lowest since 2007
{ ndtv.com }
Indias fuel demand dipped 45.8 per cent in April from a year earlier, as a nationwide lockdown and travel curbs to combat the spread of novel coronavirus . . .
2020-05-11
Fuel consumption down 80 percent in April with economy...
{ kathmandupost.com }
Fuel consumption saw an 80 percent drop in April with the entire population confined to their homes and the economy in suspension . . .
14. Oil Companies
2020-04-23
Marathon Petroleum warns of loss up to $7.8 billion hit on oil rout
{ nytimes.com }
Marathon Petroleum Corp, the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 . . .
2020-04-24
Historic oil price collapse sees first major energy company...
{ cnbc.com }
Norways Equinor announced Thursday it will cut its quarterly dividend payment to shareholders by two-thirds, potentially paving the way . . .
2020-04-26
Lukoil can work comfortably in Russia at an oil price...
{ tass.com }
Lukoil can work comfortably in Russia at an oil price of $9-11 per barrel, the company’s CEO Vagit Alekperov said in an . . .
2020-04-29
BP plunges into first-quarter loss after oil price collapse
{ theguardian.com }
BP plunged to a loss for the first three months of the year amid rising debt and plummeting global oil prices but will still pay its shareholders a rising dividend . . .
2020-04-30
Chinas Sinopec records first quarterly loss since at least Q4 2015
{ Economic Times }
China Petroleum & Chemical Corp recorded a 19.15 billion yuan net loss in first-quarter earnings, as the coronavirus pandemic walloped . . .
2020-04-30
PetroChina posts $2.3 billion net loss as demand...
{ hellenicshippingnews.com }
PetroChina on Wednesday slumped to a first-quarter net loss hurt by plunging oil prices and tepid refined fuel demand while its oil and gas output rose . . .
2020-05-01
ExxonMobil reports loss after $3bn wiped off value of oil reserves
{ theguardian.com }
ExxonMobil has swung to a loss for the first quarter after a writedown of almost $3bn on the value of its oil reserves because of a collapse in US oil prices . . .
2020-05-01
RIL fourth quarter net profit declines 37 per cent to Rs 6,546 crore
{ Economic Times }
Billionaire Mukesh Ambani-led Reliance Industries Ltd today posted a 37 per cent decline in consolidated net profit at Rs 6,546 crore for the fourth quarter . . .
2020-05-01
Oil and gas companies set to lose $1 trillion in revenues this year
{ cnbc.com }
Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020 . . .
2020-05-02
Chevron profits rose $1 billion in first quarter capped by oil crash...
{ houstonchronicle.com }
Chevrons profits jumped nearly 40 percent in the first quarter, which was largely over before oil prices crashed and the U.S. economy shut down . . .
15. Oil Jobs
2020-04-28
Coronavirus: Thousands of North Sea oil and gas jobs under threat
{ bbc.com }
The UKs oil and gas industry is warning that 30,000 jobs could be lost as a result of the coronavirus pandemic and the low oil price . . .
2020-04-29
Coronavirus: 30,000 jobs could be lost in UK oil and gas industry
{ in.news.yahoo.com }
Up to 30,000 jobs could be lost in the UKs offshore oil and gas industry as a result of the coronavirus pandemic, a leading representative body warned on Tuesday . . .
2020-05-15
Another 1,000 Texas oil & gas jobs vanish
{ oilprice.com }
While much of the United States including Texas is taking steps to reopen the economy, oil and gas jobs are still on a downward spiral . . .
2020-05-26
Biden offshore drilling ban would kill 200,000 jobs...
{ washingtonexaminer.com }
Joe Biden’s proposal to ban new offshore oil and gas drilling in federal waters would cost nearly 200,000 jobs, strip the U.S. government of billions in dollars of revenue . . .
2020-05-28
Oil and gas industry reports record-breaking job losses in April
{ thecentersquare.com }
The oil and gas industry lost 26,300 jobs in April, the largest drop of industry jobs in a single month, according to job data dating to 1990 . . .
2020-05-30
US pipeline operator Energy Transfer warns of...
{ channelnewsasia.com }
U.S. pipeline operator Energy Transfer LP will begin cutting about 6per cent of its workforce next week, underscoring the . . .
2020-06-08
BP reportedly plans to cut 10,000 jobs amid oil price drop
{ thestreet.com }
BP is reportedly planning to cut about 10,000 jobs, or about 15% of its workforce, as the energy giant struggles with the . . .
2020-06-10
Kuwait to stop hiring foreign workers for oil sector
{ gulfnews.com }
Kuwait will no longer hire expatriates for jobs in its oil sector as the OPEC member moves to reduce the number of foreigners in . . .
2020-06-12
Centrica, owner of British Gas, to cut 5,000 jobs
{ thetimes.co.uk }
The owner of British Gas is to cut about 5,000 jobs across the group and and conduct a shake-up of its senior leadership in an attempt to arrest its decline . . .
2020-06-13
U.S. oil, gas jobs lost since lockdowns estimated at 100,000-plus...
{ naturalgasintel.com }
Hunkering down for Covid-19 has led to plenty of analysis about the loss in energy demand, but Rystad Energy has put a human face on the real tragedy . . .
16. Oil and gas drilling
2020-04-28
Lebanons first offshore gas drill is a huge disappointment
{ aljazeera.com }
Lebanon is learning a hard lesson in the perils of over-hyping a potential solution to the countrys economic ills - and at the worst of times, no less . . .
2020-04-30
Shale producer Oasis Petroleum to halt drilling in Bakken
{ bicmagazine.com }
Oasis Petroleum Inc has begun to wind down all drilling in the Bakken, three sources familiar with the matter said on Tuesday . . .
2020-05-05
ENI and Total drillings officially on hold for one year
{ cyprus-mail.com }
Energy companies ENI and Total have notified the government they are postponing their scheduled gas drilling operations off Cyprus for approximately one year . . .
2020-05-05
Turkey intensifies Eastern Mediterranean drilling despite pandemic
{ dailysabah.com }
Turkey has intensified hydrocarbon exploration and drilling activities in the Eastern Mediterranean despite the ongoing COVID-19 pandemic . . .
2020-05-12
OMV gets green light for Hades drilling
{ oedigital.com }
OMV Norge, a Norwegian subsidiary of Austrias OMV, has received approval from the Petroleum Safety Authority Norway to drill at the Hades prospect in the Norwegian Sea . . .
2020-05-13
Neptune Energy successful drilling in County of Bentheim
{ steelguru.com }
Neptune Energy last month reported that two wells found in the Emlichheim joint municipality in the Grafschaft Bentheim district . . .
2020-05-14
Dual drilling operation speeds Fenja development offshore...
{ offshore-mag.com }
Neptune Energy has performed what it claims is the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field . . .
2020-05-14
Shale gas drillers promise to restrain spending despite higher futures...
{ spglobal.com }
Heading into the first quarter earnings season, analysts were clear. They wanted no surprises from pure play shale gas drillers . . .
2020-05-15
Mubadala, Tap Oil sanction three-well drilling program...
{ oedigital.com }
Mubadala Petroleum and its partner Tap Oil have approved the 2020 Manora field development drilling program, with the first well set for spud this week . . .
2020-05-16
Turkey seeks to expand oil and gas drilling through influence on...
{ thearabweekly.com }
In a new illustration of the economic objectives it is pursuing in Libya, Turkey has announced its intent to begin oil and gas exploration . . .
17. Oil Technology
2020-05-29
Study reveals lower Jurassic oil potential offshore eastern Canada
{ offshore-mag.com }
Applied Petroleum Technology has identified a new area potentially prospective for hydrocarbons offshore Newfoundland and Labrador . . .
2020-08-25
New technologies reducing oil and gas emissions
{ energymagazine.com.au }
The global oil and gas industry is leading the way with new technologies to use natural gas to help reduce emissions . . .
2021-05-05
Neodrill to provide Lundin with CAN-ductors for offshore...
{ oedigital.com }
Norway-based Neodrill, a company offering its Conductor Anchor Node technology for the offshore oil and gas industry . . .
2021-05-18
Report highlights take-up of digital twins in oil and gas operations
{ offshore-mag.com }
The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins . . .
2021-06-28
OGTC rebrands as Net Zero Technology Centre in oil and gas...
{ businessgreen.com }
The OGTC has officially stripped out all reference to fossil fuels from its name, announcing this morning it has rebranded . . .
2021-06-29
Aramco sees major hydrogen market forming amid historic pressure...
{ cnbc.com }
Saudi Arabias oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions . . .
2021-09-07
Wabag secures Rs 84 crore order in Malaysia for Petronas Refinery
{ Economic Times }
Water technology major Va Tech Wabag said on Monday it secured an order worth 11.45 million dollars from Dialog E&C Sdn Bhd in Malaysia . . .
2021-10-26
NAPE seeks deployment of technology in exploration, production...
{ guardian.ng }
Notwithstanding the challenges undermining the attainment of production targets, the Nigerian Association of Petroleum Explorationists . . .
2021-11-18
NRLs capacity expansion cost escalates by ₹5,432 cr
{ thehindubusinessline.com }
Numaligarh Refinery Ltd said the cost of its capacity expansion project has escalated by ₹5,432 crore to ₹28,026 crore due to the adoption of advanced technology . . .
2021-12-06
GlobalData: digital oilfield technologies taking industry closer...
{ oilfieldtechnology.com }
Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData . . .
18. Offshore drilling
2021-01-20
Yme platform in place at North Sea location
{ offshore-mag.com }
The mobile offshore drilling and production platform Mærsk Inspirer has been installed at . . .
2021-09-03
Eni eyes more drilling offshore Vietnam
{ energyvoice.com }
Italy Eni is believed to be carrying out studies in Blocks 115 and 116 offshore Vietnam with an eye to planning a . . .
2021-10-01
Petrobras set to begin new offshore drilling campaign
{ bnamericas.com }
Petrobras will begin a new pre-salt drilling campaign off Brazil’s southeast coast in the coming days, a . . .
2022-01-14
New Zealand offshore drilling rig prompts furious backlash...
{ theguardian.com }
The arrival of a new offshore drilling rig in New Zealand, a year after the country declared a climate emergency, has . . .
2022-05-13
Biden cancels offshore oil lease sales in Gulf Coast, Alaska
{ Economic Times }
The Biden administration is cancelling three oil and gas lease sales scheduled in the Gulf of Mexico and off the . . .
2022-05-20
California wont ban offshore drilling after legislation stalls
{ politico.com }
A California bill that would have banned offshore drilling in state waters failed to advance from a key . . .
2022-07-02
Biden opens door to more offshore drilling, despite...
{ wvnews.com }
President Joe Biden administration opened the door Friday to more offshore oil and gas drilling in federal . . .
2022-07-02
Biden administration floats new oil leasing...
{ ft.com }
US president Joe Biden is likely to sell new oil leases in offshore waters despite his election campaign pledge . . .
2022-09-03
China new deep-sea oil and gas drilling platform begins operation
{ tvpworld.com }
China homegrown Haiji-1, Asia first 300-metre deepwater platform, started operation in offshore areas of . . .
2022-11-11
Aker BP granted North Sea drilling permit
{ ogj.com }
Aker BP ASA has been granted a permit by the Norwegian Petroleum Directorate (NPD) to drill in the North . . .
19. Shipping news
2022-03-07
South Africa JV secures rig for Gazania-1 offshore well
{ finance.yahoo.com }
Eco Atlantic Oil & Gas, as part of the joint venture partnership of Block 2B offshore South Africa . . .
20. Ship Bunkers
2022-03-28
Kuwait to award $4.6bln rig deals
{ zawya.com }
Kuwait will soon award contracts for the supply of 63 oil drilling rigs with a combined value of around 1.4 billion Kuwaiti dinars . . .
2022-11-18
Preparations underway for rig to carry out drilling ops off Gabon
{ offshore-energy.biz }
Oslo-listed oil and gas E&P company BW Energy is setting the wheels into motion to kick off its drilling campaign at a development project offshore Gabon . . .
Oil & Gas conferences in the next 60 days
Caspian Ports and Logistics 2025 :
From
9th December
to
11th December 2025 at Rixos Water World Aktau.
Map
AICC Caspian - Asset Integrity & Corrosion Conference :
From
9th December
to
11th December 2025 at Baku.
Map
Mining & Critical Minerals Latin America Conference & Exhibition :
From
10th December
to
11th December 2025 at Sao Paulo.
Map
International Conference on Oil and Gas Transportation 2026 :
From
12th January
to
13th January 2026 at Zurich.
Map
MECOC EXPO 2026-Middle East Metallurgy, Corrosion & Coatings Expo :
From
26th January
to
29th January 2026 at Abu Dhabi.
Map
21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026) :
From
2nd February
to
5th February 2026 at Doha.
Map
SPE Hydraulic Fracturing Technology Conference and Exhibition :
From
3rd February
to
5th February 2026 at Texas.
Map
AIMCS AFRICA 2026 -Africa Asset Integrity Management Conference & Showcase :
From
3rd February
to
5th February 2026 at Cairo.
Map
Oil & Gas trainings in the next 60 days
Certified Maintenance and Reliability Professional (CMRP)(Bali) :
From
8th December
to
12th December 2025 at Bali.
Map
API 510 - Pressure Vessel Inspector Course(Kuala Lumpur) :
From
8th December
to
12th December 2025 at Kuala Lumpur.
Map
Well Completion and Workover (Kuala Lumpur) :
From
8th December
to
12th December 2025 at Kuala Lumpur.
Map
Leadership & Team Dynamics in Oil & Gas :
From
8th December
to
10th December 2025 at Kuala Lumpur.
Map
Biofuels and Alternative Fuel Sources :
From
8th December
to
10th December 2025 at Kuala Lumpur.
Map
Combustion Engineering for Coal Fired Power Plants :
From
8th December
to
12th December 2025 at Kuala Lumpur.
Map
API 936 - Refractory Material Design, Application, Installation and Inspection (Bali) :
From
8th December
to
12th December 2025 at Bali.
Map
Carbon Capture, Utilization & Storage (CCUS) Well Design & Monitoring :
From
8th December
to
10th December 2025 at Yogyakarta.
Map
IPSCAL Integrated Petrophysics - How To Use Special Core Analysis with Modern Logs(Bali) :
From
10th December
to
12th December 2025 at Bali.
Map
IFRS Accounting for the Oil and Gas Sector :
From
15th December
to
17th December 2025 at Kuala Lumpur.
Map
Implementing Sustainable Practices in Drilling Operations :
From
15th December
to
19th December 2025 at Dubai.
Map
Decarbonisation Of Shipping & Marine Ports :
From
12th January
to
16th January 2026 at Kuala Lumpur.
Map
Port Pricing & Tariff Charging For Oil & Gas Terminals :
From
19th January
to
21st January 2026 at Kuala Lumpur.
Map
Negotiation Skills and Techniques for Energy Professionals :
From
19th January
to
20th January 2026 at Kuala Lumpur.
Map
Integrated Offshore Field Development Planning :
From
19th January
to
23rd January 2026 at Kuala Lumpur.
Map
Creating A High Performing Workforce Module 1: Competency Management & Assessment Module 2: Managing Performance for Success :
From
19th January
to
23rd January 2026 at Kuala Lumpur.
Map