China’s Oil Imports Reaches 11.04 mmbbl/d in November
China’s General Administration Customs data announced that the Imports of crude oil has risen to 11.04 million barrels per day (mmbbl/d) during November, compared to 10.02 mmbbl/d in October.
News / International
Santos, Mitsubishi Sign Long-Term LNG SPA
Australian Santos Company announced that it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI) company which is subsidiary of Mitsubishi Corporation of LNG supply from the Barossa project.
Oman Establishes New Energy Company
Oman has established a new energy development company as it seeks to leverage oil blocked debt.
Eni Acquires 20% Stake of Largest Offshore Wind Project in UK
Eni Company announced entering the world’s largest offshore wind project for producing electricity in United Kingdom (UK) after acquiring a stake of 20% from Equinor New energy and SSE Renewables of Dogger Bank (A and B) project.
OPEC+ Alleviates Oil Production Cuts to 7.2 mmbbl/d
The OPEC and non-OPEC countries agreed to adjust oil production by 0.5 mb/d from 7.7 mb/d to7.mb/d, during its meeting held on Thursday.
Pioneer Natural Gas Sets Emissions Reduction Target
Pioneer Natural Gas Resources announced its target to reduce 25% of greenhouse gas (GHG) emissions in addition to cut 40% in methane intensity by 2030 including the assets of Parsley Energy which it acquired in October.
Gazprom Natural Gas Exports to China in excess of Planned Volume
Gazprom company said that it exported natural gas to China by 113.6% of the planned volume in November via Power of Siberia gas trunkline from the Chayandinskoye field.
India’s Petronet Prepares to Diversify Businesses
Indian Petronet Company announced that its is preparing to expand its businesses to include bunkering, compresses biogas and renewable energy targeting to change energy landscape besides it focus on its core liquified natural gas (LNG) portfolio.
Sempra Energy Conducts New Integrated Transactions
Sempra Energy Company announced that it conducted several integrated transactions aiming at simplifying the company’s investments in the energy infrastructure under one platform, creating scale, unlocking portfolio synergies and better positioning the business for growth.
Kazakhstan to Establish Oil, Gas Engineering Development International Center
Kazakhstan signed an agreement to establish an international center for the development of oil and gas engineering.
