Latest news
Vietnam power sector's LNG demand set to soar
Demand for LNG from Vietnam's power sector is set to reach 8.5mn t/yr by 2030, the country's industry ministry said today.
read more... 29/09/2020
Equinor plans $2 billion Breidablikk oilfield development
Equinor EQNR.OL and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns ($1.95 billion) development plan for the North Sea field, the state-controlled company said on Monday.
read more... 28/09/2020
ONGC’s Hazira plant fire may boost India's LNG imports
A fire at state-owned ONGC's Hazira gas-processing plant in Gujarat, western India, has been extinguished and the operator is making efforts to resume normal operations soon.
read more... 25/09/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020
Diesel prices fall again on the back of easing global crude oil prices
The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.
read more... 21/09/2020