International

Uzbekistan’s Ministry of Energy hosts international webinar on current and future developments in the country’s energy sector

Uzbekistan’s Ministry of Energy hosts international webinar on current and future developments in the country’s energy sector

360 Feed Wire

Investors, media and professional services sector attendees hear about opportunities

for international companies and investors in Uzbekistan

Tashkent, Uzbekistan, November 19 2020: The Ministry of Energy of Uzbekistan is pleased to announce it recently held an international …

November 19, 2020 - 9:47 am Finance, International, Press Releases
Source: Reuters

Container freight rates soar on consumer goods boom, supply chain kinks

Reuters


SINGAPORE – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources …

November 18, 2020 - 2:30 pm Closing Bell Story‎, International, Marine Shipping
Source: Reuters

Oil companies tighten Nigeria security as protests, job losses stoke tension

Reuters


PORT HARCOURT/LAGOS  – Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters.

Already unemployment is above 40% …

November 18, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

China’s oil buying binge to run on in 2021 as tank operators, refiners stock up

Reuters


SINGAPORE/BEIJING  – China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.

Private tank farm …

Courtesy of Qatargas

Qatargas delivers first Q-Max cargo to Tianjin LNG

Offshore Energy

Qatargas Operating Company Limited (Qatargas) has completed the delivery of the first cargo of liquefied natural gas (LNG) on a Q-Max LNG carrier to the Tianjin LNG receiving terminal in China.

The cargo aboard the Qatargas-chartered LNG vessel, …

November 18, 2020 - 8:22 am International, LNG
Source: Reuters

U.S. Treasury Department gives Chevron new license to wind down Venezuela activities by June 3

Reuters


WASHINGTON – The U.S. Treasury Department on Tuesday issued a new license to Chevron Corp, the last major U.S. oil company still operating in Venezuela, giving it until June 3 to wind down its joint ventures in the OPEC …

Source: Houston Chronicle

Exxon says its latest discovery offshore of Guyana is not financially viable

Reuters

An oil exploration campaign led by Exxon Mobil Corp XOM.N at the Tanager-1 well in the Kaieteur block off Guyana’s coast discovered hydrocarbons but it does not appear to be financially viable on its own, a spokesman for the …

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

Argus

Oil & Gas 360 Publishers Note: We have been covering this on the Daily Energy News Beat, and called that Libyan crude would hit the 1.2 mark in 2020. Many other news groups were indicating 2021. Hats off

Aramco relies on new bonds to meet dividend obligations to stakeholders and social programs

Aramco relies on new bonds to meet dividend obligations to stakeholders and social programs

Bloomberg

Oil & Gas 360 Publishers Note: The 360 team covered this on the Energy News Beat last week. Important story for the country of Saudi Arabia, as Saudi Aramco has one of the lowest cost to produce oil costs

The head of the Peruvian Congress, Manuel Merino, waves after being sworn in as interim President in Lima on November 10, 2020 day after the Congress voted to impeach and oust President Martin Vizcarra over corruption allegations. - Merino, 59, was sworn in at a special session of Congress on Tuesday, becoming Peru's third president since 2016, reflecting the institutional fragility which has characterized the South American country. Under the constitution, he will take over the presidential functions until the end of the current term in July 2021. (Photo by Luka GONZALES / AFP) (Photo by LUKA GONZALES/AFP via Getty Images)

Peru’s interim president quits, successor unclear – What does civil unrest mean for the energy sector?

Argus

Lima, 15 November (Argus) — Peru’s interim president Manuel Merino resigned today just five days after assuming office, deepening the copper and LNG-exporting country’s constitutional crisis.

The 130-member unicameral congress will now pick a new president, the third in …

November 15, 2020 - 1:29 pm Crude Oil News, International, LNG, Political News
Interregional electricity trade in India affects shares of solar and coal-fired generation

Interregional electricity trade in India affects shares of solar and coal-fired generation

EIA

With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States. To help meet the country’s energy needs, India is expanding its …

Total and ADNOC sign strategic framework agreement on CO2 emissions reduction and CCUS

Total and ADNOC sign strategic framework agreement on CO2 emissions reduction and CCUS

Energy-pedia

Total has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS).…

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the …

November 12, 2020 - 8:30 pm International, Oilfield Services, Press Releases
Source: Reuters

Oil CEOs believe a demand recovery is coming, but volatility is here to stay

CNBC


Top energy chief executives say oil demand will recover next year, but they expect volatility to remain elevated, as the industry emerges from the reckoning of the coronavirus pandemic.

“We face a lot of uncertainty,” Total CEO Patrick Pouyanne …

Peyto Announces 1,000th Horizontal Well and Q3 2020 Financial Results

Peyto Announces 1,000th Horizontal Well and Q3 2020 Financial Results

CALGARY, Alberta, Nov. 11, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Cor…

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Argus

Oil & Gas 360 Publishers Note: Steel production in China will have a major supply issue and price increase. – This will be one issue that will effect steel production and other markets in China. – One to watch. 

November 11, 2020 - 7:15 am China, Coal News, International, Oil and Gas 360 Publisher Note:
U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals – Energy exports down 21.7%

U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals – Energy exports down 21.7%

MarineLink

According to BIMCO, 40% of Phase One goal reached for US manufactured goods to China

Exports from the US to China of the manufactured goods included in the Phase One agreement between the two countries reached $31.1 billion in …

November 11, 2020 - 6:41 am China, Crude Oil News, Energy News, International, Popular 3, Trade
Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Norwegian Petroleum Directorate

11/11/2020 ConocoPhillips Skandinavia AS, operator of production licence 1009, has concluded the drilling of wildcat well 6507/4-1.

The well was drilled about 27 kilometres southwest of the Skarv field in the central part of the Norwegian Sea …

GasLog Ltd. Reports Financial Results for the Three-Month Period Ended September 30, 2020

GasLog Ltd. Reports Financial Results for the Three-Month Period Ended September 30, 2020

Piraeus, Greece, Nov. 10, 2020 (GLOBE NEWSWIRE) — GasLog Ltd. and its subsidiaries (…

November 10, 2020 - 5:04 am Earnings, Finance, International, LNG, Press Releases
Tullow completes $575 million sale of Uganda assets to Total

Tullow completes $575 million sale of Uganda assets to Total

360 Feed Wire

10 November 2020 – Tullow Oil plc (Tullow) is pleased to announce that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive …

BP and Orsted to create renewable hydrogen partnership in Germany – part of the long-term strategy

BP and Orsted to create renewable hydrogen partnership in Germany – part of the long-term strategy

energy-pedia

Oil & Gas 360 Publishers Note: This is one of the components of the BP’s long-term strategy for reducing carbon. This is interesting technology, and I would like to see it succeed. I am curious about the cost effectiveness

November 10, 2020 - 4:46 am Energy News, Hydrogen, International, Renewable Energy
Source: Reuters

Libya passes 1 million barrel per day oil production milestone – 1.3 million bpd by year end

Bloomberg

Oil & Gas 360 Publishers Note: Other news agency’s were indicating that Libya would not get over the 1 million bpd until 2021, but we were calculating before the end of 2020. This is a major issue in world

S Africa offshore well results could come this month

S Africa offshore well results could come this month

Argus

 Test results from the Luiperd well in block 11B/12B off South Africa’s southern coast could be available by the end of this month, according to project partner Africa Energy.

Project leader Total announced a gas condensate discovery at the …

November 7, 2020 - 6:37 am Crude Oil News, International
Nigeria produces 155m bbls of oil in three months – over 600 companies in the bidding for next rounds

Nigeria produces 155m bbls of oil in three months – over 600 companies in the bidding for next rounds

Energy Mix

Amidst dwindling oil revenue occasioned by the coronavirus pandemic, Nigeria produced 155,062,220 barrels of crude oil and condensate for the months of July, August and September.

According to data from the Department of Petroleum Resources, the country produced …

November 7, 2020 - 6:25 am Crude Oil News, International
Venezuela oil flow sags, Iran offers more help – which means more production concerns for OPEC

Venezuela oil flow sags, Iran offers more help – which means more production concerns for OPEC

argus

Bogota, 6 November (Argus) — Venezuela’s crude production entered November on a downswing after the US banned non-US companies from crude-for-diesel swaps at the end of October.

Output was slipping below an October average of 350,000 b/d as Spain’s …

November 6, 2020 - 8:25 am Crude Oil News, International, Political News
Iranian parliament orders increase in uranium enrichment – This is one to watch

Iranian parliament orders increase in uranium enrichment – This is one to watch

WNN

Oil & Gas 360 Publishers Note: The US Presidential Election is already having a world wide impact. This will be a story to watch to see if the policy will be changed to Iran and peace in the Middle

November 6, 2020 - 8:00 am International, Nuclear, Oil and Gas 360 Publisher Note:
Shell shuts down leaking pipeline in Rivers State – Any leak is not good

Shell shuts down leaking pipeline in Rivers State – Any leak is not good

EnergyMix

The Shell Petroleum Development Company (SPDC) has shut down its leaking pipeline located between Agbada FS and Nkpoku Manifold in Rivers State.

Shell shuts down leaking pipeline in Rivers State - oilandgas360Shell’s Media Relations Manager, Bamidele Odugbesan, said the company received a report of the leak on Wednesday …

November 6, 2020 - 7:45 am Crude Oil News, International
Zion Oil & Gas Drilling Rig Loaded on Ship and En Route to Israel

Zion Oil & Gas Drilling Rig Loaded on Ship and En Route to Israel

Zion Oil & Gas Drilling Rig Loaded on Ship and En Route to Israel Zion Oil …

Rumor – Total looks to sell its stakes in a number of oil fields in Angola – helps cashflow and change of direction

Rumor – Total looks to sell its stakes in a number of oil fields in Angola – helps cashflow and change of direction

EnergyMix

Total intends to sell the shares it holds in certain oil fields in Angola in order to concentrate more on larger and more profitable fields. This should above all facilitate the transition to renewable energies within the company.

According …

Iraq exceeded its Opec+ crude output ceiling last month – Again?

Iraq exceeded its Opec+ crude output ceiling last month – Again?

Argus

Oil & Gas 360 Publishers Note: You have to realize that the leadership of Opec+ and Opec have a tough job keeping countries within quotas. I don’t know that I could do any better on such a tough job.