21/04/2014
By Anton Doroshev and Elena Mazneva Apr 18, 2014 11:18 PM GMT+0700 7 Comments Email Print Royal Dutch Shell Plc (RDSA) plans to expand the Sakhalin-2 oil and gas project in Russia’s Far East, the country’s only pr..
21/04/2014
By Rakteem Katakey and Debjit Chakraborty Apr 19, 2014 1:31 AM GMT+0700 0 Comments Email Print Reliance Industries Ltd. (RIL), operator of the world’s biggest oil refinery complex, reported its highest quarterly profit ..
21/04/2014
Reuters BENGHAZI, Libya (Reuters) - Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port, a minister said on Sunday. ..
21/04/2014
Petrochemicals giant Saudi Basic Industries Corp (SABIC) is finding it very hard to grow within Saudi Arabia because of a shortage of natural gas, its chief executive said on Sunday. Mohamed al-Mady was speaking to reporters after the company report..
21/04/2014
Press Trust of India | New Delhi Company produced 5.491 million tons of crude oil from assets in over 16 countries in 2013-14 ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has re..
21/04/2014
TEHRAN (FNA)- Essar Oil, Iran's top Indian client, imported 18.6 percent more oil from Tehran in 2013/14 after a jump in shipment volumes in the final quarter to end-March, according to tanker arrival data obtained from trade sources. The private re..
21/04/2014
By Kyodo Prime Minister Shinzo Abe plans to ask U.S. President Barack Obama during their summit in Tokyo to boost U.S. shale gas exports to Japan, a government source said Sunday. Japan views the new and abundant source of natural gas as an importa..
21/04/2014
Libya's Zawiya refinery has returned to pre-shutdown output levels at around 60 percent of capacity and is running Brega crude oil, a senior Libyan oil official said. The 120,000 barrels-per-day (bpd) refinery and port re-opened at the weekend after..
21/04/2014
TEHRAN: Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said Friday. Mansour Moazami, who holds the planning brief amo..
21/04/2014
Russian President Vladimir Putin said he doesn't think the European community can do without the natural gas it gets from energy monopoly Gazprom. With a Russian economy starting to decline, however, it may be Gazprom that's too strongly interc..
21/04/2014
By Bloomberg South Sudan’s only oil fields still pumping crude after four months of conflict are safe from rebel attacks, the army general charged with defending them said. Rebel leader Riek Machar’s threat to seize the Paloch oil field..
21/04/2014
India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge of shipments in recent months that came after a deal easing sanctions on Tehran. The Geneva agreement struck between Iran and six world powers ..
18/04/2014
By Reteurs Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran, Reuters re..
18/04/2014
Source: Tehran Times Iran will invest over $20 billion in development of the oil fields it shares with Iraq, IRNA reported on Wednesday. Iran's Oil Ministry is planning to increase oil extraction from joint oilfields with Iraq by one million barrels..
18/04/2014
By Bloomberg Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said. Saudi Arab..
17/04/2014
By Reuters Libya's oil minister said on Wednesday there was no clear timetable for the resumption of steady oil output as an end to the stand-off with rebels could still falter and the 9-month port shutdown may have damaged some facilities. A ..
17/04/2014
By Bloomberg HRT Participacoes em Petroleo SA, the Brazilian oil explorer that failed to find commercially viable deposits in Namibia, is looking for partners to continue exploration in the southern African nation. HRT, which has 10 exploration blo..
17/04/2014
HOUSTON, April 16 (Xinhua) -- The United States' largest energy producer, Texas, pumped an estimated 2.75 million barrels of oil per day in February -- the most since 1980, showed a petroleum index released Wednesday. February crude production in th..
17/04/2014
By Bloomberg News China’s natural gas production rose in March to the highest level in two years as the nation seeks to use more of the cleaner-burning fuel. Natural gas output in the world’s largest energy consumer rose 7.6 perce..
17/04/2014
by Platts Markets U.S. crude oil stocks jumped 10 million barrels the week ended April 11 -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the U.S. Gulf Coast (USGC), data from the U.S. Energy Information Adm..
17/04/2014
By ARAB NEWS Saudi Arabia's oil exports hit 715.72 million barrels in the first quarter of this year 2014, with proceeds amounting to SR288.91 billion, local media quoting an expert. On the other hand, domestic consumption during the first quarte..
17/04/2014
By Reuters Azerbaijan's oil exports dropped by five percent year on year in the first quarter of 2014, following a decline in oil production at its main fields, where BP has a major interest, a source at the State Customs Committee said. The source..
16/04/2014
By Bloomberg Kuwait plans to increase oil output 23 percent by 2020 as improvements in how crude can be extracted allow the third-largest producer in OPEC to pump more. The country will boost supply to 4 million barrels a day from about 3.25 millio..
16/04/2014
By Bloomberg An oil tanker docked at a port in eastern Libya as the region prepares to export crude for the first time since July after civil unrest decimated the North African country’s production and shipments. The Aegean Dignity arrived at..
16/04/2014
By Bloomberg Temperatures in Washington and New York are forecast to drop as much as 38 degrees today as a cold front that brought snow to Chicago yesterday sweeps eastward with gusty winds grounding flights. The high temperature in Washington will..
16/04/2014
By Bloomberg Encana Corp. (ECA), Canada’s largest natural gas producer, will sell shares of a royalty unit in Alberta as early as next month as it seeks to profit from investor demand for returns based on production. About 5.2 million acres (..
16/04/2014
By Bloomberg Bloomberg’s Richard Falkenrath examines the crisis in Ukraine, how the IMF can help and what he believes is Russian President Vladimir Putin’s main goal on Bloomberg Television’s “Bloomberg Surveillance.” ..
16/04/2014
By Reuters A tanker is due to load 1 million barrels of crude on Tuesday from Libya's reopened Hariga port, its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp. (NOC) said. Libya T..
16/04/2014
By Bloomberg China Petroleum & Chemical Corp. (386), Asia’s biggest refiner, agreed to pay Russia’s OAO Lukoil about $1.2 billion to take control of assets in Kazakhstan. The Beijing-based company known as Sinopec agreed to buy Lukoil&r..
16/04/2014
By Bloomberg European refining margins shrank by three-quarters amid weak demand and competing imports, according to data from Total SA (FP), the region’s second-largest oil company. Profit sank to $6.60 a metric ton (90 cents a barrel) in th..
15/04/2014
Hôm qua, phát ngôn viên của National Oil Corp (NOC) cho biết cảng phía đông xủa Lybia, Zuetina vẫn chưa nằm dưới quyền kiểm soát của chính phủ một tuần sau khi một thỏa thuận với nhỏm nổi dậy đ&ogra..
15/04/2014
Employees of Daewoo Engineering & Construction walk at the company office building in Seoul November 18, 2009. CREDIT: REUTERS/CHOI BU-SEOK (Reuters) - Five South Korean companies have won a combined $7.2 billion in orders from Kuwait Nat..
15/04/2014
Shale oil: output set to increase AP/Scanpix By Staff & news wires 14 April 2014 22:09 GMT US oil production from shale plays is likely to rise by 65,000 barrels per day this month and a further 70,000 bpd in May, new federal data showed. To..
15/04/2014
Iran will build six oil refineries in Indonesia's Benten and West Java regions (File Archive) The head of Iran’s Oil, Gas and Petrochemical Products Exporters Union says the Islamic Republic plans to construct six oil refineries in Indonesia. ..
15/04/2014
By Bloomberg Iran is in discussions with European and Asian businesses about potential investment in the country once sanctions are lifted, central bank governor Valiollah Seif said. Iran, whose economy has been crippled by penalties imposed by the..
15/04/2014
By Bloomberg Iran anticipates maintaining crude exports at about 1 million barrels a day until at least July when a deal with global powers over its nuclear program will be renewed or expire, the nation’s deputy oil minister said. Iran is pro..
14/04/2014
TRIPOLI: Libya’s western Zawiya oil port has resumed operations after protesters vacated the entrance to the facilities and the adjoining refinery will restart in about 24 hours, a spokesman for the state oil company said on Sunday. The Natio..
14/04/2014
The Gulf kingdom of Abu Dhabi has offered to fill up the crude oil storage facilities coming up in south India, leading to savings of Rs 25,000 crore in precious foreign exchange. As much as 5.3 million tonnes (mt) of crude storage facilities ..
14/04/2014
Economic development in the Eurozone is gaining ground, though any recovery there will be tepid. With North America relying less on foreign imports, energy investors should be following shifting demand dynamics to Asian economies. U.S. and European ..
14/04/2014
New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976. The EIA released a report on April 10, entitled “U.S. Crude Oil and Natural Gas Proved Reserves (2012),” which ..
14/04/2014
By Bloomberg Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle. Stockpiles in the region centered on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in th..
14/04/2014
By Bloomberg Iran’s crude shipments in February were the highest since the imposition of Western sanctions that have crippled its oil-dependent economy, according to the International Energy Agency. Imports of Iranian oil were 1.65 million ba..
14/04/2014
By Bloomberg OPEC will need to pump more crude in the second half of the year to meet demand after its production plunged to a five-month low in March, according to the International Energy Agency. Supplies from the Organization of Petroleum Export..
14/04/2014
By Bloomberg A drop in OPEC production came just as refineries began looking for supply, helping boost bullish speculative bets on crude last week by the most since July. The group, which pumps about 40 percent of the world’s oil, reduced out..
14/04/2014
By Bloomberg Iran is in discussions with European and Asian businesses about potential investment in the country once sanctions are lifted, central bank governor Valiollah Seif said. Iran, whose economy has been crippled by penalties imposed by the..
14/04/2014
By Bloomberg The LNG vessel Dukhan sits moored at the Enagas SA gas storage facility at the port of Barcelona. Spain overtook Norway last month to become the region’s biggest exporter of liquefied natural gas. The southern European nation has..
14/04/2014
By Bloomberg Libya, the OPEC nation producing at about 10 percent of capacity, is set to raise oil shipments next week as a tanker was booked to load crude from one of four ports seized last year by rebels. State-run National Oil Corp. lifted force..
11/04/2014
* Russia mulls counter measures against Western sanctions * Moscow expects harsher sanctions over Ukraine By Reuters Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the..
11/04/2014
By Reuters Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels, according to preliminary data submitted to parliament by state oil company PDVSA. Asia received an average of 1.0..
11/04/2014
OSLO, April 10 (Xinhua) -- The VNG Norway company announced on Thursday that it has discovered a new oil field about 30 km southwest of the Njord field in the Norwegian Sea. The Pil prospect, where the discovery was made, is located on the Halten Te..
11/04/2014
Russian President Vladimir Putin obviously thinks that preventing Ukraine from moving closer to the West is a strategic interest and one that is important enough to risk international condemnation. Seizing Crimea has led to negative international opi..
11/04/2014
Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place. In late December, Tehran said it would pump as much oil as it could if sanctions are lifted. Now, it seems, ..
11/04/2014
The surge in oil production from fields across the United States is leading to a supply glut along the Gulf Coast, forcing oil into storage tanks. Oil rich shale plays like the Eagle Ford, Permian Basin, and the Bakken are churning out more oil than ..
11/04/2014
Ever since Russia rolled into Crimea, there's been a lot of talk about what happens if Russia's president Vladimir Putin cuts off oil and gas supplies to Ukraine. When tensions were at their worst, there was speculation that the US would export liqu..
11/04/2014
THE boss of BP said the oil major could play an important role as a bridge between Moscow and the West yesterday, as tensions rose in the Ukraine crisis. It is the biggest foreign investor in Russia’s energy sector through its stake in state..
11/04/2014
The Telegraph Moscow, April 10 (Reuters): President Vladimir Putin warned European leaders today that Russia would cut natural gas supplies to Ukraine if it did not pay its bills and said this could lead to a reduction of onward deliveries to Europe..
11/04/2014
By Bloomberg Total SA (FP) is sticking with investment plans in Russia including a joint venture with OAO Lukoil (LKOD) for shale oil exploration in Western Siberia, Nefte Compass reported, citing an executive. U.S. sanctions against Russian offici..
11/04/2014
By Bloomberg NuStar Energy LP (NS) officially opened its third petroleum dock at the Port of Corpus Christi, Texas, as Chairman Bill Greehey smashed a bottle of champagne against a loading arm that was filling a barge with crude. NuStar and other c..
11/04/2014
By Bloomberg OPEC trimmed estimates for the amount of crude it will need to pump this year amid rising U.S. supplies, and predicted that a “supply buffer” will accumulate before demand peaks in the summer. The Organization of Petroleum ..
11/04/2014
By Bloomberg Photographer: Ty Wright/Bloomberg U.S. crude oil reserves increased 4.5 billion barrels to 33.4 billion, the highest... Read More U.S. proved reserves of crude oil and lease condensate reached the highest level in 36 years as new te..