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ERIELL Group Presents H1 2021 Production Figures

ERIELL, an international oilfield services group, presents information on production indicators achieved in the first half of 2021 and upcoming projects. Despite the ongoing global…

Spot gas price in Europe exceeds $480

The price of gas on the European spot market (sale for immediate delivery) set a new record, exceeding $480 per thousand cubic meters, Report informs via foreign…

U.S. Jet Fuel Inventories Aren’t Going Anywhere

U.S. crude oil inventories may finally be below the five-year average for this time of year, but U.S. jet fuel inventories are still sky-high—a nagging…

OPEC, Energy Industry Should Thank Saudi Arabia For Oil Price Recovery

OPEC—as well as the entire energy industry—should be thanking Saudi Arabia for its “magnificent” job in managing their production during the Covid-19 pandemic, according to…

FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks

State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013, a Joint Cybersecurity Advisory, coauthored…

Oil prices down after three days of growth

Global oil prices decline on Friday morning after three days of growing trading sessions, owing to which the quotations gradually compensated for the drop earlier…

Goldman Sachs assessed the decline in oil demand due to delta strain

The spread of the Indian strain of COVID-19 may cause a decrease in daily global demand by 1 million barrels. At the beginning of the week, oil…

Saudi Arabia Boosted Crude Oil Exports To 4-Month High In May

The world’s top oil exporter, Saudi Arabia, raised its crude oil exports in May to the highest level in four months after OPEC+ decided in…

TotalEnergies in $750MM+ LNG Deal

TotalEnergies (NYSE: TTE) has revealed that it has entered into a multimillion dollar infrastructure agreement, related to the Gladstone LNG project, with GIP Australia. In…

Shell, PetroChina ink world’s 1st term contract for carbon-neutral LNG

Shell Eastern Trading Pte Limited (Shell) has signed a five-year agreement with PetroChina International Co. Ltd. (PCI) for the supply of carbon-neutral LNG, Report informs, citing Shell. For…

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