Category: Highlights

About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Indeed, Saudi Arabia was adamant that the golden age of U.S. shale was over as plunging oil prices put hundreds of companies out of business. Well, the alliance’s gambit has definitely paid off, with oil prices staging a strong rebound and WTI crossing the $80/barrel mark for the first time in seven years. Meanwhile, whereas gloomy predictions about the death of U.S.…

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Qatar’s LNG exports competed with Australia’s for the first place in 2020, although it ranked second, QEO said. According to the annual World LNG Report 2021 issued by the International Gas Union (IGU), Qatar ranked second in LNG exports in 2020, with 105bn cubic metres LNG or 77.1mn metric tonnes LNG equivalent, or 21.65% of the total global exports of about 356.1mn metric tonnes LNG. “It is expected that Qatar will gain a position as the pre-eminent and largest exporter by 2026, when the production of the North Gas Field…

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China is expected to lead the trunk/transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines’, reveals that the total length of Asia’s trunk/transmission pipeline network is expected to be 243 772 km by 2025 with the operational start year being December 2021. China leads with 95 709…

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A recent study conducted by researchers from Korea Maritime and Ocean University shows that using liquefied petroleum gas (LPG) could reduce air pollution, is low-cost, and is applicable regardless of ship size. “Although LPG is a potential eco-friendly alternative, its viability as a maritime fuel has not been assessed so far,” noted Korea Maritime and Ocean University in a joint statement on Wednesday (12 January). Considering the current economic feasibility vis-à-vis the regulatory laws and the available technology, LPG is a viable eco-friendly alternative fuel. Given its advantages and market…

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In addition, Owji planned to discuss options for shipping Iranian natural gas to Pakistan and India with the participation of Russian companies, and manufacturing of oil industry equipment, the broadcaster added. “The two sides also discussed preparation and the agenda for the next meeting of the Russian-Iranian government commission on trade and economic cooperation,” the Russian energy ministry said its statement on the energy talks ahead of the presidential visit. During his visit, Owji will hold talks with Russia’s main OPEC+ representative, deputy prime minister and former energy minister Alexander…

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