Reports

Mideast Gas Spend to Rise Despite Price Woes, Apicorp Says

Investment in natural gas projects across the Middle East and North Africa will rise, even as the coronavirus pandemic damps demand for the fuel, according to Arab Petroleum Investments Corp.

Why Gazprom’s $7.6 Billion Polish Fine Is Just the Start

Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the natural gas project. Wednesday’s surprise move raises a whole set of legal questions about the plan, which is teetering on the brink.

Oil prices gain on supply disruptions, Trumps hospital exit

Oil prices gained on Tuesday amid supply disruptions in Norway, a new hurricane in the Gulf of Mexico, and U.S. President Donald Trump’s return to the White House after being treated for COVID-19 in hospital.

BP says technology can help reimagine global energy system

The global oil and gas industry needs to embrace a new business mindset and new digital skills if it is to reap the benefits from deploying advanced digital technologies, such as artificial intelligence, big data and analytics, robotics and quantum computing.

Global Discoveries in First Half of 2020 Hit New Low

Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020, Rystad Energy estimates, the weakest-performing first half of the 21st century. The resource volumes were 42 per cent lower and the number of discoveries was down by 31 per cent compared to the same period in 2019.

Satellites reveal major new gas industry methane leaks

European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe

Aramco CEO Says The Worst Is Over For Oil

The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the second half of this year.

UAE to add 3.8 MMbbl capacity to oil storage hub in 2020

Brooge Energy Ltd. expects new tanks at its oil-storage terminal in the United Arab Emirates to be fully operational by the end of the year, with a single customer booked to lease all the additional capacity.