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Taiwan to Purchase LNG from U.S. Producer

Jul 02, 2018

Taiwan's CPC Corp on Monday announced a preliminary deal to buy liquefied natural gas (LNG) from U.S. producer Cheniere Energy for 25-years, according to a statement. CPC, a major importer of LNG, signed a Heads of Agreement to purchase 2 million tonnes of LNG annually from Cheniere…

Europe's Iranian Oil Purchases Set to Plummet

Jun 29, 2018

Key lender for Europe's oil purchases cuts credit from June 30. European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last…

Canada Dreams of Oil Exports to Asia, but California Beckons

Jun 26, 2018

The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining…

ExxonMobil Mulls "multi-billion" Dollar Singapore Refinery Expansion

Jun 26, 2018

ExxonMobil said on Tuesday it plans to make a final investment decision in 2019 on what it called a 'multi-billion dollar' project that would expand its clean fuel and lubricant output at its Singapore refinery. The project is aimed at increasing…

What Saudi Arabia Does Now is Key for Global Crude Markets: Russell

Jun 25, 2018

If it were possible to boil the crude oil market down to just one determining factor for the coming months, it would be this: What will Saudi Arabia actually do? The Saudis appear to have emerged as the winners from last week's meeting of…

Saudi Aramco: 2 mln bpd of Spare Capacity Exists

Jun 25, 2018

Saudis can produce up to 12 mln bpd if needed; can meet additional demand if any supply disruptions - Aramco CEO Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies…

China to Cut US Oil Imports Amid Trade Spat

Jun 21, 2018

Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said…

Oil Traders Ready for Musical Chairs as China Tariffs Loom

Jun 20, 2018

Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.China, which has bought an average 330,000 barrels per day (bpd) of U.S. crude oil this year…

GasLog Partners Signs New Charter Agreement with Cheniere Energy

Jun 19, 2018

GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy scheduled to commence in 2018. The charterer has options to extend the charter for up to two consecutive periods at escalating rates…

Trafigura Signs Second Storage Deal with Singapore LNG Corp

Jun 19, 2018

Commodities trader Trafigura has signed a second deal with Singapore LNG Corp, operator of the city-state's first liquefied natural gas (LNG) terminal, for storage and reload services, the two companies said on Monday.Under the agreement, which was signed on May 30…

ExxonMobil Considers Importing LNG to Australia

Jun 18, 2018

ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no…

Venezuela Frees Chevron Executives Held Since April

Jun 07, 2018

Venezuela has released two local executives of U.S. oil major Chevron Corp jailed since mid-April during a corruption probe in the oil sector, authorities and the company said on Wednesday. The arrests of Carlos Algarra and Rene Vasquez…

New LNG Contract Framework to Spur 'Oil-like' Trading Model

Jun 07, 2018

Introduction of GTC contracts could spur trading, cut costs; traders say existing system inefficient and tedious. A new umbrella contract meant to streamline trading of liquefied natural gas (LNG), bogged down in red tape and wrangling over terms…

Phoenix Petroleum, CNOOC Partner for LNG Terminal

Jun 05, 2018

Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines…

East China LNG Terminal Records 93% Sales Increase

Jun 04, 2018

A liquefied natural gas (LNG) import terminal in east China operated by China National Offshore Oil Company, or CNOOC, recorded an increase of 93 percent in gas sales in the first five months of this year, the state oil company said on Monday…

Current News

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Western Gas Spuds Sasanof Well, Offshore W. Australia

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Equinor Plans Investment Decision on S. Korea Floating Offshore Wind Farm in 2024

Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake

Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell

LNG Momentum Swinging Back to Asia as Europe Demand Eases: Russell
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