The restart of the Damietta is another major achievement for Egypt which intends to become an energy hub and exporter. There are also plans to transport Cypriot feed gas from its offshore fields through subsea pipelines to the two Egyptian liquefaction plants. Furthermore, several bids were announced to expand exploration activities in the Mediterranean, Red Sea, and the Western Desert to further increase the country’s domestic production capacity.
Egypt Restarts Major LNG Project On Rising Demand
Egypt Restarts Major LNG Project On Rising Demand.EU Admits It Can't Go Net-Zero Without Natural Gas.Egyptian Dolphinus Holding and Israeli Delek Drilling struck a landmark agreement and started importing additional gas from Israel's Leviathan and Tamar offshore fields in 2020.
2021/04/28 18:46
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil
OPEC+ Concerned About India’s Oil Demand
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday.
2021/04/27 09:01
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
Energy Transition Could Doom Africa’s Oil Producers
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
2021/04/26 08:32
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
2021/04/25 14:02
Venezuela's PDVSA is using more of its domestic output of medium and light crude oil grades for refining, reducing their availability as diluents for its heavy export grades, Reuters has reported, citing sources familiar with the matter.
Venezuela Ups Domestic Oil Refining, Hurting Crude Exports
Venezuela's PDVSA is using more of its domestic output of medium and light crude oil grades for refining, reducing their availability as diluents for its heavy export grades, Reuters has reported, citing sources familiar with the matter.

The increase in local refining has been prompted by fuel supply shortages that have led to rationing, queues, and additional disgruntlement among the Venezuelan population.
2021/04/24 08:26
Businesses in Nigeria are losing each year around US$29billion because of the unreliable power supply
Africa’s Largest Oil Producer Loses $29B Per Year On Power Outages
Businesses in Nigeria are losing each year around US$29 billion because of the unreliable power supply, the World Bank said in an estimate about the OPEC country, which is the largest oil producer in Africa.
2021/04/23 08:28
Gunmen abducted early on Wednesday three employees of India’s Oil and Natural Gas Corporation (ONGC) on a rig site in northeast India, the country’s biggest oil and gas production firm
Gunmen Abduct Oil Workers In Northeast India
Gunmen abducted early on Wednesday three employees of India’s Oil and Natural Gas Corporation (ONGC) on a rig site in northeast India, the country’s biggest oil and gas production firm said in what could be a setback for the Indian efforts to reduce its reliance on crude oil imports.The abduction took place on a rig site of ONGC in the Lakwa field in the state of Assam, which is one of the three largest oil-producing states in India.
2021/04/22 08:52
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all sectors, a new report showed this week.
Arab Gulf Countries Announced $10 Billion In New Oil And Gas Projects In Q1
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all sectors, a new report showed this week.
2021/04/21 08:24
The disputed South China Sea may soon see an escalation in tensions over oil drilling rights between China and the Phillippines
Philippines Ready To Claim Oil Resources With Military
The disputed South China Sea may soon see an escalation in tensions over oil drilling rights between China and the Phillippines, according to Phillippine President Rodrigo Duterte who spoke to the public late on Monday.
2021/04/20 12:06
the winter storms in February led to higher natural gas withdrawals
Texas Freeze Led To 10.6% Higher Natural Gas Withdrawals
Due to the winter storms in February, net natural gas withdrawals from storage this heating season exceeded the five-year average by 10.6 percent, the Energy Information Administration (EIA) said on Friday.
2021/04/19 10:06
The throughput of Chinese refineries last month averaged 14.08 million bpd last month, up by 19.7 percent on the year
Chinese Refineries Processed 20% More Crude In March
The throughput of Chinese refineries last month averaged 14.08 million bpd last month, up by 19.7 percent on the year thanks to the recovery in demand for fuels and China’s stocking up on finished products before maintenance season begins.
2021/04/17 10:00
As many as 100 oil and gas projects are set to start in Nigeria by 2025,
Nigeria Set To Start-up 100 Oil & Gas Projects By 2025
As many as 100 oil and gas projects are set to start in Nigeria by 2025, accounting for 23 percent of all projects starts in the industry in Africa within the next five years, data and analytics company GlobalData said in a new report.
2021/04/17 09:10
The restart of the Damietta is another major achievement for Egypt which intends to become an energy hub and exporter. There are also plans to transport Cypriot feed gas from its offshore fields through subsea pipelines to the two Egyptian liquefaction plants. Furthermore, several bids were announced to expand exploration activities in the Mediterranean, Red Sea, and the Western Desert to further increase the country’s domestic production capacity.
Egypt Restarts Major LNG Project On Rising Demand
Egypt Restarts Major LNG Project On Rising Demand.EU Admits It Can't Go Net-Zero Without Natural Gas.Egyptian Dolphinus Holding and Israeli Delek Drilling struck a landmark agreement and started importing additional gas from Israel's Leviathan and Tamar offshore fields in 2020.
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil
OPEC+ Concerned About India’s Oil Demand
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday.
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
Energy Transition Could Doom Africa’s Oil Producers
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite.
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low
The U.S. renewable diesel market is hot—so hot, in fact, that one of the feedstocks for the highly profitable renewable fuel is running low, according to Valero.
Venezuela's PDVSA is using more of its domestic output of medium and light crude oil grades for refining, reducing their availability as diluents for its heavy export grades, Reuters has reported, citing sources familiar with the matter.
Venezuela Ups Domestic Oil Refining, Hurting Crude Exports
Venezuela's PDVSA is using more of its domestic output of medium and light crude oil grades for refining, reducing their availability as diluents for its heavy export grades, Reuters has reported, citing sources familiar with the matter.

The increase in local refining has been prompted by fuel supply shortages that have led to rationing, queues, and additional disgruntlement among the Venezuelan population.
Businesses in Nigeria are losing each year around US$29billion because of the unreliable power supply
Africa’s Largest Oil Producer Loses $29B Per Year On Power Outages
Businesses in Nigeria are losing each year around US$29 billion because of the unreliable power supply, the World Bank said in an estimate about the OPEC country, which is the largest oil producer in Africa.
Gunmen abducted early on Wednesday three employees of India’s Oil and Natural Gas Corporation (ONGC) on a rig site in northeast India, the country’s biggest oil and gas production firm
Gunmen Abduct Oil Workers In Northeast India
Gunmen abducted early on Wednesday three employees of India’s Oil and Natural Gas Corporation (ONGC) on a rig site in northeast India, the country’s biggest oil and gas production firm said in what could be a setback for the Indian efforts to reduce its reliance on crude oil imports.The abduction took place on a rig site of ONGC in the Lakwa field in the state of Assam, which is one of the three largest oil-producing states in India.
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all sectors, a new report showed this week.
Arab Gulf Countries Announced $10 Billion In New Oil And Gas Projects In Q1
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all sectors, a new report showed this week.
The disputed South China Sea may soon see an escalation in tensions over oil drilling rights between China and the Phillippines
Philippines Ready To Claim Oil Resources With Military
The disputed South China Sea may soon see an escalation in tensions over oil drilling rights between China and the Phillippines, according to Phillippine President Rodrigo Duterte who spoke to the public late on Monday.
the winter storms in February led to higher natural gas withdrawals
Texas Freeze Led To 10.6% Higher Natural Gas Withdrawals
Due to the winter storms in February, net natural gas withdrawals from storage this heating season exceeded the five-year average by 10.6 percent, the Energy Information Administration (EIA) said on Friday.
The throughput of Chinese refineries last month averaged 14.08 million bpd last month, up by 19.7 percent on the year
Chinese Refineries Processed 20% More Crude In March
The throughput of Chinese refineries last month averaged 14.08 million bpd last month, up by 19.7 percent on the year thanks to the recovery in demand for fuels and China’s stocking up on finished products before maintenance season begins.
As many as 100 oil and gas projects are set to start in Nigeria by 2025,
Nigeria Set To Start-up 100 Oil & Gas Projects By 2025
As many as 100 oil and gas projects are set to start in Nigeria by 2025, accounting for 23 percent of all projects starts in the industry in Africa within the next five years, data and analytics company GlobalData said in a new report.