Oil & Gas

Fugro hired for subsea inspection of Neptune's Cygnus field Fugro hired for subsea inspection of Neptune’s Cygnus field
OPEC & allies agree to boost output from August and phase out cuts in September 2022 OPEC & allies agree to boost output from August and phase out cuts in September 2022
OPEC+ Agrees To Oil Supply Boost OPEC+ Agrees To Oil Supply Boost
Qatar Petroleum seals 15-year LNG supply deal in Taiwan Qatar Petroleum seals 15-year LNG supply deal in Taiwan
Samsung Heavy Industries Settles Petrobras Bribery Case for $150M Samsung Heavy Industries Settles Petrobras Bribery Case for $150M
Brazilian president moves to replace Petrobras CEO Brazilian president moves to replace Petrobras CEO
Fuel price spread back in the spotlight Fuel price spread back in the spotlight
Introducing the top EPC company (IOEC) Introducing the top EPC company (IOEC)
Opinion: Was 2020 Really So Bad for Oil? Opinion: Was 2020 Really So Bad for Oil?
UAE announces discovery of new oil reserves UAE announces discovery of new oil reserves
India kicks off 1000 LNG stations development India kicks off 1000 LNG stations development
Shell drives robot survey vessel deployment Shell drives robot survey vessel deployment
Venezuela Oil Exports Fall to New Lows as Clients Wind Down Venezuela Oil Exports Fall to New Lows as Clients Wind Down
BP To Cut Caribbean Oil Due To Low Demand For VLSO Bunkers BP To Cut Caribbean Oil Due To Low Demand For VLSO Bunkers
Iran's Oil Exports Jump in September Defying Sanctions Iran's Oil Exports Jump in September Defying Sanctions
ExxonMobil's biofuel sea trial shows 40% reduction in CO2 emissions ExxonMobil’s biofuel sea trial shows 40% reduction in CO2 emissions
Major Natural Gas Leak at Platform Off Corpus Christi Major Natural Gas Leak at Platform Off Corpus Christi
Bahri inks agreement with Tabadul to implement Fasah Pay Bahri inks agreement with Tabadul to implement Fasah Pay
Turkey's Offshore Gas Find Could Transform its Energy Sector Turkey's Offshore Gas Find Could Transform its Energy Sector
Oil & Gas Haberleri

Fugro hired for subsea inspection of Neptune’s Cygnus field

Fugro will be in charge of deploying its survey technology to inspect the subsea infrastructure, including pipelines and structures.

OPEC & allies agree to boost output from August and phase out cuts in September 2022

Following a meeting held on Sunday, OPEC and its allies have agreed to increase oil production starting from August 2021 with plans to end production adjustments by the end of September 2022.

OPEC+ Agrees To Oil Supply Boost

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.

Qatar Petroleum seals 15-year LNG supply deal in Taiwan

Qatar Petroleum has entered into a 15-year sale and purchase agreement with CPC Corporation, Taiwan for the supply of 1.25 m tons of liquified natural gas (LNG) per year.

Samsung Heavy Industries Settles Petrobras Bribery Case for $150M

Samsung Heavy Industries has agreed to settle allegations of corruption in connection with the sprawling Petrobras bribery investigation, paying a fine of $150 million in an agreement with Brazilian prosecutors.

Brazilian president moves to replace Petrobras CEO

A spat between Brazil’s president Jair Bolsonaro and Petrobras CEO Roberto Castello Branco has resulted in the government moving to appoint a new CEO to lead the state-run oil giant.

Fuel price spread back in the spotlight

Since early November, the spread has widened steadily so that it now stands at $92 per tonne in Rotterdam and $112.5 per tonne in Singapore.

Introducing the top EPC company (IOEC)

The company was established in 1991 and operates mainly in the Persian Gulf, with its head office in Tehran. It experienced a very fast growth in its life and achieved a record of $7 billion for its ongoing projects in 2010.

Opinion: Was 2020 Really So Bad for Oil?

f ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*.

UAE announces discovery of new oil reserves

An estimated 22 billion barrels of non-conventional and recoverable crude was recently discovered in Abu Dhabi, the capital of the United Arab Emirates (UAE).

India kicks off 1000 LNG stations development

India’s minister of petroleum and natural gas and steel, Dharmendra Pradhan laid the foundation stone for 50 LNG fueling stations.

Shell drives robot survey vessel deployment

Shell is deploying autonomous surface vessels for its global hydrocarbon exploration drive

Venezuela Oil Exports Fall to New Lows as Clients Wind Down

Venezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade to meet a U.S. deadline to halt business with the firm, according to data seen by Reuters on Monday.

BP To Cut Caribbean Oil Due To Low Demand For VLSO Bunkers

The problem-plagued Limetree Bay refinery in St. Croix, Virgin Islands, may lose its main supplier of crude, oil major BP, if it isn’t successfully up and running by December, according to two people familiar with the matter.

Iran's Oil Exports Jump in September Defying Sanctions

Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.

ExxonMobil’s biofuel sea trial shows 40% reduction in CO2 emissions

ExxonMobil has completed a trial on the use of marine biofuel oil with Stena Bulk, with the results demonstrating a CO2 emission reduction of 40% compared to the use of conventional high-sulphur bunker fuel.

Major Natural Gas Leak at Platform Off Corpus Christi

On Tuesday, a major natural gas leak was spotted at an oil platform just off the coast of Corpus Christi, Texas.

Bahri inks agreement with Tabadul to implement Fasah Pay

The agreement was signed on Thursday 13 August during a virtual ceremony in the presence of Eng. Abdullah Aldubaikhi, CEO of Bahri, and Abdulaziz Alshamsi, CEO of Tabadul, together with senior officials from both parties.

Turkey's Offshore Gas Find Could Transform its Energy Sector

On Friday, Turkish President Recep Tayyip Erdogan announced that the nation's state oil company hit a 320 million cubic meter gas deposit at the Tuna-1 well in the Black Sea. The discovery could change Turkey's energy sector overnight, according to analysts - if the technical challenges can be overcome.

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