International

Source: Reuters

Fossil fuels in Japan’s power mix should be less than half by 2030, lawmakers say

Reuters


TOKYO – Fossil fuels should account for less than half of Japan’s mix of power sources in 2030, a group of ruling party lawmakers proposed on Wednesday as Prime Minister Yoshihide Suga aims to cut the nation’s greenhouse gas …

Source: Reuters

Rosneft plans to sell depleted oil fields in Russia: analysts

Reuters


MOSCOW – Russia’s largest oil producing company Rosneft plans to sell some old underperforming oil fields, mostly to local companies, at least two Moscow-based brokerages said on Tuesday following a conference call with Rosneft’s management.

Sova Capital brokerage said …

Source: Reuters

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters


RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce …

Source: Reuters

Algerian Energy Minister Says OPEC Reaches Consensus To Extend Oil Production Cuts by Three Months

Image: Algerian Energy Minister Abdelmadjid Attar, current rotating OPEC president….

November 30, 2020 - 2:07 pm International, OPEC, Press Releases
China’s first domestically made nuclear reactor, the Hualong One, goes online

China’s first domestically made nuclear reactor, the Hualong One, goes online

EnergyWorld

The reactor, which was connected to the national grid on Friday, can generate 10 billion kilowatt-hours of electricity each year and cut carbon emissions by 8.16 million tons

BEIJING: China has powered up its first domestically developed nuclear reactor

November 28, 2020 - 8:20 pm International, Nuclear, Popular 2, Renewable/Green/Eco Energy
Algerian Energy Minister Abdelmadjid Attar

Algeria set to record a 4.7% drop in gas exports in 2020

EnergyMix

Algeria, 10 th largest gas producer, said it will record a fall of 4.7% of its gas exports. These negative forecasts will also impact the country’s ability to support local demand for gas, which continues to grow.

Algerian Energy …

November 28, 2020 - 6:49 am International
Norwegian strikes could escalate further

Norwegian strikes could escalate further

argus

Industrial action could result in the closure of more Norwegian oil and gas fields, with Norway’s security personnel union to strike at heliports used for transport to offshore platforms from midnight tonight.

Security guards will begin strike action at …

November 27, 2020 - 10:00 am Closing Bell Story‎, International, Jobs, Offshore, Popular 3
BP investing in Middle East oil while pledging a renewables shift – A double standard?

BP investing in Middle East oil while pledging a renewables shift – A double standard?

Bloomberg

BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.

The company is a major producer in countries such as Iraq, where it …

November 27, 2020 - 9:42 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: msn.com

Iraq feeling the strain under Opec+ deal – A reason that Opec+ can’t control it’s members need for cash

argus

Iraq has long been forced to juggle a heavy reliance on oil revenues to meet domestic funding requirements alongside pressure from the Opec+ alliance to comply with crude production quotas. But the strain has started to show ahead of …

November 27, 2020 - 7:31 am Closing Bell Story‎, International
Rescheduling of Work Commitments in Corentyne Block, Guyana

Rescheduling of Work Commitments in Corentyne Block, Guyana

Rescheduling of Work Commitments in Corentyne Block, Guyana Canada NewsWire …

November 27, 2020 - 7:24 am International, Press Releases
OPEC+ Calls Last Minute Talks

OPEC+ Calls Last Minute Talks

Bloomberg

Saudi Arabia and Russia summoned OPEC+ ministers who oversee their oil production cuts for last-minute talks on Saturday, as the cartel prepares for a decision on whether to delay January’s output increase.

A clear majority of OPEC+ watchers expect …

November 27, 2020 - 5:51 am Crude Oil News, International, OPEC
OPEC+ to meet for talks on continuing oil cuts, but members are growing restless – and the rest of the world is in suspense

OPEC+ to meet for talks on continuing oil cuts, but members are growing restless – and the rest of the world is in suspense

S&P Global

 What seemed to be shaping up as a smooth OPEC+ meeting, with traders largely expecting a rollover of production quotas, has hit some turbulence with an airing of grievances.

The UAE may be considering splitting from the group, …

November 26, 2020 - 7:26 am Crude Oil News, International, OPEC
Source: Reuters

Poland should scrap coal and energy plan, environmentalists say

Reuters


WARSAW  – Poland should scrap a plan to merge state-run energy groups after they have shifted coal assets into a separate entity because it won’t deliver on EU climate targets, a report by environmentalist group ClientEarth and think tank …

November 25, 2020 - 12:30 pm Closing Bell Story‎, Coal News, Energy News, International
Source: Reuters

Exclusive: Elliott Management invests in small Guyana oil explorer – sources

Reuters


NEW YORK/LONDON – Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with …

November 24, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Saudi Aramco says domestic supplies unaffected by attack on Jeddah plant

Reuters


JEDDAH  – Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen’s Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after …

November 24, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Crude, gas pipelines at Shell, Agip oil fields in Bayelsa damaged by explosions

Crude, gas pipelines at Shell, Agip oil fields in Bayelsa damaged by explosions

Energy Mix Report 

Unidentified persons on Monday attacked oil facilities operated by Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) at Ikarama community, Yenagoa Local Government Area of Bayelsa.

Mr Ben Warder, a youth leader in Ikarama …

November 24, 2020 - 8:21 am International, Pipeline News, Popular 2
Source: Reuters

Yemeni Houthis say they fired missile at Saudi Aramco site in Jeddah

Reuters


RIYADH/DUBAI – Yemeni Houthi forces fired a missile that struck a Saudi Aramco oil company distribution station in Saudi Arabia’s Red Sea city of Jeddah, a Houthi military spokesman said on Monday.

There was no immediate Saudi confirmation of

November 23, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, International
FortisBC takes significant step towards implementing hydrogen in the natural gas system

FortisBC takes significant step towards implementing hydrogen in the natural gas system

FortisBC takes significant step towards implementing hydrogen in the natural gas system …

November 23, 2020 - 10:27 am Hydrogen, International, Press Releases, Renewable/Green/Eco Energy
Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

Modi says India set to double oil refining capacity in 5 years, earlier than expected – just part of the “balanced diet of power”

Energyworld

Oil & Gas 360 Publishers Note: Narendra Modi, Prime Minister of India, again is demonstrating that his power policies are using the “balanced diet of power” to include fossil and renewable sources. His leadership in power principals should be

Norwegian Petroleum Directorate’s Production figures October 2020

Norwegian Petroleum Directorate’s Production figures October 2020

360 Feed Wire

Oil & Gas 360 Publishers Note: Norway is still in the top 14 world oil producing countries, and top EU producer. 

Preliminary production figures for October 2020 show an average daily production of 1 877 000 barrels …

November 23, 2020 - 4:47 am Crude Oil News, International, Natural Gas News
Adnoc makes 22bn barrel unconventional find – producing 5mn bpd by 2030

Adnoc makes 22bn barrel unconventional find – producing 5mn bpd by 2030

Energyvoice

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council (SPC) has said.

This came in addition to a 2 billion barrel conventional oil discovery, taking the country’s total to 107bn …

November 22, 2020 - 6:01 pm Crude Oil News, International, Popular 2
Turkey's drilling vessel Faith is seen in the Black Sea, off the coast of Turkey Aug 21, 2020 (AA Photo)

Turkey extends seismic survey work in disputed Mediterranean area

Reuters

Turkey said it was extending the seismic survey work being carried out by its Oruc Reis ship in a disputed part of the eastern Mediterranean until Nov. 29, a move that could add to tensions in the region, according …

November 22, 2020 - 5:35 am International
US will fall behind China as world’s largest oil refiner in 2021

US will fall behind China as world’s largest oil refiner in 2021

Bloomberg

Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to …

November 22, 2020 - 5:32 am Downstream, International
Turkey can not afford any more sanctions and wants to keep EU ties

Turkey can not afford any more sanctions and wants to keep EU ties

Bloomberg

President Recep Tayyip Erdogan called on the European Union to keep its promises to Turkey and avoid discrimination as the threat of EU sanctions looms over the country.

“We see ourselves in Europe, not anywhere else, and we want …

November 22, 2020 - 5:26 am International, Natural Gas News
Source: Reuters

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

Reuters


SINGAPORE  – Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil …

Off-grid solar generation could affect how Africa uses coal, natural gas for electricity – a good thing for everyone

Off-grid solar generation could affect how Africa uses coal, natural gas for electricity – a good thing for everyone

EIA

Oil & Gas Publishers Note: Getting a “Balanced diet of power” is critical to get the lowest kWh to all of the people, while being good stewards of our natural resources. 

In the International Energy Outlook 2020 (IEO2020), the …

Source: Reuters

China is considering acquiring Exxon Mobil’s remaining Iraq oilfield stake

(Bloomberg) –China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which could fetch at least $500 million, according to people familiar with the matter.

The …

November 20, 2020 - 7:25 am International
CAPP issues statement on Canadian Net-Zero Emissions Accountability Act

CAPP issues statement on Canadian Net-Zero Emissions Accountability Act

CAPP issues statement on Canadian Net-Zero Emissions Accountability Act Canada …

November 20, 2020 - 4:48 am Canada News, Climate Change, International, Net Zero, Press Releases
Saudi Aramco targeted by climate action investor group -What’s a few trillion between friends?

Saudi Aramco targeted by climate action investor group -What’s a few trillion between friends?

Oil & Gas 

Climate Action 100+ has more than 500 investors and $47 trillion in assets

Climate Action 100+, a leading investor group pushing corporations to act on climate change, has added Saudi Aramco to its list of target companies.…

November 19, 2020 - 1:33 pm Finance, International
Aramco awards major contracts for brownfield projects as part of new strategy

Aramco awards major contracts for brownfield projects as part of new strategy

Oil&Gas

Eight companies have been awarded Long-Term Agreements for a six-year base period and extendable for an additional six years

Aramco announced a new contracting strategy for its oil and gas brownfield and plant upgrade projects. The strategy focuses on …

November 19, 2020 - 11:59 am Corporate Performance Announcements, International