International

Mohammed Saif Al Suwaidi, Director General of ADFD

Construction begins on hurricane-resistant clean energy power plant in Antigua and Barbuda under US$50m UAE-Caribbean Renewable Energy Partnership Fund

Emirates News


ABU DHABI, 27th September, 2020 (WAM) — The UAE-Caribbean Renewable Energy Partnership Fund has announced the start of construction for a hurricane-resistant clean energy plant in Antigua and Barbuda to help the twin-island nation recover from the devastating

September 27, 2020 - 7:08 pm International, Renewable Energy, Solar
Loud Calls For Global Shipping To Ditch Fossil Fuels And Meet Climate Goals

Loud Calls For Global Shipping To Ditch Fossil Fuels And Meet Climate Goals

Hellenic Shipping News


Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with  many of the view points, but still an interesting article.  

At UN Climate Week this week, calls have increased for shipping …

Israel to hold US-mediated talks with Lebanon on sea border – a major breakthrough in the Mediterranean energy politics

Israel to hold US-mediated talks with Lebanon on sea border – a major breakthrough in the Mediterranean energy politics

AP


Oil & Gas 360 Publishers Note: This is great news that Lebanon and Israel are sitting down in talks mediated by the United States. We have been covering the wide spread conflict between countries in the Mediterranean over the

Tight US gas market could test economics of LNG exports

Tight US gas market could test economics of LNG exports

Argus


London, 25 September (Argus) — A drop in US gas output and increased domestic demand heading into the winter has tightened the US’ supply-demand balance and lifted domestic gas prices, keeping netbacks for delivering LNG to Asian and European …

Egypt signs deals worth $934m to develop its gas sector

Egypt signs deals worth $934m to develop its gas sector

EnergyMix


Egypt is continuing with its program to attract new international companies to research and explore natural gas on its territory. Eight new exploration agreements totaling $ 934 million have just been signed within this framework.

On Tuesday, the Egyptian …

September 25, 2020 - 1:00 pm International, Natural Gas News
BP hits 25-year low a week after unveiling a new climate strategy

BP hits 25-year low a week after unveiling a new climate strategy

Offshore


A week after British oil and gas giant BP announced its plan to transition from mainly an oil operator into a clean-energy giant, the company saw its share price drop to a 25-year low.

BP’s shares in London on …

Source: Reuters

Exxon eyes shortlist for Malaysian oil and gas assets

OilNow.com


(Bloomberg) –Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.

U.K.-listed EnQuest Plc …

September 25, 2020 - 11:30 am International
Canadian Provincial Government announces new offshore exploration initiative

Canadian Provincial Government announces new offshore exploration initiative

Energy-Pedia


The Government of Newfoundland and Labrador has announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all …

September 25, 2020 - 11:00 am Canada, Canada News, International, Offshore
Source: Reuters

Russia leads China’s August crude imports, Saudi slips

Argus


Beijing, 25 September (Argus) — Russia was the top crude supplier to China for a second straight month in August, as deliveries from Saudi Arabia were hit by rising in prices.

China imported 1.37mn b/d from Russia last month, …

September 25, 2020 - 8:00 am China, Crude Oil News, International
Malampaya with depletion compression platform and bridge; Source: Shell

Shell looks to sell off stake in Philippines gas field

Argus


London, 24 September (Argus) — Shell is looking to sell its 45pc stake in the Philippines’ Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.

The right to extract gas …

OPEC’s World Oil Outlook to be launched on 8 October 2020

OPEC’s World Oil Outlook to be launched on 8 October 2020

360 Feed Wire


The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST).

OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, will present the major findings of the …

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Energyworld


Oil & Gas 360 Publishers Note: Dyukov’s statements appear to be in direct conflict with BP’s top management’s comments this week. 

“The pandemic hasn’t gone anywhere… but we are sure that there won’t be such a harsh reaction, first …

September 24, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Economy, International
The Safer tanker has been stranded off Yemen's Red Sea oil terminal of Ras Issa for more than five years.

‘Oil Spot’ Reported Near Decaying Tanker off Yemen – Saudi and the world need action now, not after the disaster

MarineLink


Oil & Gas 360 Publishers Note: We have been following this story for some time. The pending disaster will make the Exxon Valdez look like a bathtub ring after a bath. compared to  Safer tanker could be 4 times

September 24, 2020 - 12:15 pm Crude Oil News, ESG, International, Marine Shipping, Special Report
Source: Reuters

U.S. renews waiver for Iraq to import Iranian energy for 60 days

Reuters


WASHINGTON  – The United States said on Thursday it had renewed a waiver for Iraq to import Iranian electricity, this time for 60 days to enable Baghdad to take “meaningful actions” to reduce its energy dependence on neighbouring Tehran.…

September 24, 2020 - 10:00 am Closing Bell Story‎, Energy News, International, Power Generation
Source: Houston Chronicle

OAG360 Rumor Mill: Exxon Mobil has multiple offers from planned stake sale in North Sea

Market Chatter: Exxon Mobil Reportedly Getting Multiple Bidders for Planned Stake Sale in North Sea Oilfields
(MT Newswires)
Exxon Mobil (XOM) has reportedly attracted a range of suitors for a proposed plan to sell its stake in UK North Sea …

September 23, 2020 - 1:17 pm International
India tops up strategic reserves with cheaper crude, saves over $685M

India tops up strategic reserves with cheaper crude, saves over $685M

Energyworld


It bought crude oil at an average price of $19 per barrel to fill its reserves in April and May when prices reached an all-time low while the US oil touched negative price levels in futures market.

New Delhi: …

September 23, 2020 - 8:00 am Crude Oil News, Crude Oil Storage, International
World’s Top Ship Insurers Won’t Cover Ships Linked to Nord Stream 2 Pipeline

World’s Top Ship Insurers Won’t Cover Ships Linked to Nord Stream 2 Pipeline

MarineLink


The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.

Associations belonging to the International Group of P&I Clubs, …

September 23, 2020 - 7:00 am International, Natural Gas News, Pipeline News, Politics
Energy transition could push oil majors to sell or swap oil and gas assets of more than $100 billion

Energy transition could push oil majors to sell or swap oil and gas assets of more than $100 billion

Oil & Gas


A study by Rystad Energy looked at the Majors+ to examine the impact of the energy transition

The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and …

September 23, 2020 - 4:39 am Climate Change, Energy News, International, Renewable Energy
UAE nuclear energy plant Unit 1 reaches 50% power capacity

UAE nuclear energy plant Unit 1 reaches 50% power capacity

Trade Arabia


The reactor of Unit 1 of the Barakah Nuclear Energy Plant in the UAE has achieved 50% of its electricity production capacity, said Nawah Energy Company, the joint venture nuclear operations and maintenance subsidiary of the Emirates Nuclear
September 22, 2020 - 8:57 pm International, Net Zero, Nuclear
Australia to invest $13 billion in energy technology to cut emissions

Australia to invest $13 billion in energy technology to cut emissions

Reuters


Australia plans to invest A$18 billion ($13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Monday.

The technology investment roadmap is the latest …

BP terminates Deepsea Aberdeen contract

BP terminates Deepsea Aberdeen contract

Offshore Technology 


Oil & Gas Publishers Note: This contract termination falls right in line with BP’s plans to morph into a renewable energy company. We covered this on our “BP Week Podcast Series”. This change is also being followed by

Source: Reuters

OPEC watching Libyan oil restart closely, needs time to assess: sources

Energyworld


Oil & Gas 360 Publishers Note: As OPEC is having difficulty keeping all of it’s members within agreed production levels, the new developments are a catalyst to review the OPEC’s memberships and partnerships. Should be interesting to follow as

Israel's Leviathan natural gas field in the Mediterranean Sea, which began pumping gas just before the new year ( Getty )

Mideast energy forum takes shape to promote gas exports – Is this the “Club Med” of natural gas?

Energyworld


Oil & Gas 360 Publishers Note: We have been covering the natural gas and political developments in the Mediterranean for quite some time. The new organizations and treaties being signed are all surrounding the participants desire for energy independence.

Source: Reuters

Mideast energy forum takes shape to promote gas exports

Reuters


JERUSALEM – Seven energy ministers will sign the charter of a new Middle East energy forum that will promote natural gas exports from the eastern Mediterranean to Europe and other markets, Israeli energy officials said on Monday.

“The East …

September 21, 2020 - 1:00 pm Closing Bell Story‎, Energy News, International, Natural Gas News
Shell launches major cost-cutting drive to prepare for energy transition

Shell launches major cost-cutting drive to prepare for energy transition

Reuters


Oil & Gas 360 Publishers Note: With ENI, BP and Shell migrating away from fossil fuels and on to renewables, the question is now being asked: “What will happen to the consumers on all products made with fossil fuels?

Saudi gasoline stocks fall to multi-year lows

Saudi gasoline stocks fall to multi-year lows

Argus


Dubai, 20 September (Argus) — Saudi Arabia’s gasoline stocks fell to more than a six year low in July as a push to keep refinery run rates low coincided with an upswing in domestic gasoline demand with the easing …

September 20, 2020 - 11:30 am Economy, Gasoline, International
Oando to project Nigeria’s gas potentials, as AOW focuses on regional energy opportunities

Oando to project Nigeria’s gas potentials, as AOW focuses on regional energy opportunities

EnergyMix


Nigeria’s Oando Energy Resources, will be projecting the country’s vast gas potentials and attractive opportunities open to investors as the Africa Oil Week, AOW, gathers regional and international stakeholders.

Already, private investors and key government functionaries across Africa, are …

September 20, 2020 - 10:00 am Crude Oil News, International, Natural Gas News
Prince Abdulaziz bin Salman

Saudi energy minister presses OPEC+ members on fulfilling oil cuts pledge

Energy Mix Report


Saudi energy minister Prince Abdulaziz bin Salman delivered yet another warning to OPEC+ compliance laggards, saying at a Sept. 17 monitoring committee meeting that failing to execute pledged production cuts was undermining the alliance’s efforts to rebalance …

September 20, 2020 - 9:33 am Crude Oil News, International, OPEC
Source: Houston Chronicle

EOG Resources awarded Block 36 in Oman’s Rub Al Khali basin

Energy-pedia


EOG Resources has signed an Exploration and Production Sharing Agreement (EPSA) with the government of the Sultanate of Oman to explore for hydrocarbons in Block 36 in the southwest of the country.

The Block covers an area of 18,556 …

September 20, 2020 - 8:27 am Discoveries & Formations, International
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says

Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says

S&P Global Platts


Oil & Gas 360 Publishers Note: If Iraq were able to capture the 30% to 40% discussed in this article, the country would save billions of dollars, and countless lbs of Co2 pollution. As we say on