Tag Archives: Platts

Iraq’s Bay Hassan oil field in the northern Kirkuk region was unaffected by an attack, the oil ministry said April 17, as OPEC’s second largest producer continues to grapple with security incidents against its energy infrastructure. Two oil wells in Bay Hassan field were struck by two explosives without causing …

Russia’s revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the …

Cheniere Energy expects LNG demand to increase until 2040, though it may decline beyond that due to continued global action to reduce greenhouse gas emissions, presenting risks for existing US liquefaction terminal operators and project developers, the company said April 9. The conclusions were issued in a report assessing the …

A second Russian pipelaying vessel is now headed for Danish waters to join the operation to lay the almost-complete Nord Stream 2 gas pipeline from Russia to Germany, the pipeline development company said March 31. The Adakemik Cherskiy — which has dynamic positioning capabilities allowing for accelerated pipelaying — will …

Saudi Arabia has not yet decided its position on OPEC+ oil production quotas, a Saudi Arabian source told S&P Global Platts on March 30, two days ahead of the bloc’s meeting to decide on May output levels. The source denied a report that the kingdom was prepared to support extending …

Indonesia’s Pertamina said March 29 that an incident has caused a fire at its Balongan refinery in the province of West Java, but the national oil company said its fuel supply was not affected. The fire occurred at Balongan refinery’s T-301G tank and the incident occurred at 12.45 am local …

Saudi Arabia’s energy ministry said it had contained a fire following a March 19 drone attack on its Riyadh refinery, with no interruption to oil supplies and no casualties, in the latest strike claimed by Yemen’s Iranian-backed Houthi rebels. The Houthis had earlier announced a hit on an unspecified Saudi …

Saudi Arabia and Russia pledged to continue cooperation on the OPEC+ production cut agreement, as Saudi foreign minister Prince Faisal bin Farhan said March 10 the group is aiming for a “fair” price for crude oil. “I would like to assure that we and Russia would like a oil price …

Fifteen Japanese companies across different sectors have launched a group called the Carbon Neutral LNG Buyers Alliance to promote the use of the fuel, power utility and LNG importer Tokyo Gas said in a statement March 9. The group comprises several downstream industries that consume natural gas, and is the …

Qatar Petroleum on March 3 loaded about 712,000 barrels of condensate destined for the Emirates National Oil Co. in the UAE, the first commercial energy trade since the end of the Gulf blockade in early January, according to data analytics firm Kpler. Qatar Petroleum shipped the condensate from Ras Laffan …