China’s Crude Import Rise 2.1% in September
China’s crude oil imports rose 2.1% in September month-on-month (MoM) as delayed cargoes finally cleared customs after months of port congestion cleared and onshore storage capacity was increased.
News / International
BP Starts Production at Oman’s Ghazeer Field
BP in partnership with OQ, Petronas, and the Ministry of Energy & Minerals in Oman have announced that production has begun from its Block 61 Phase 2 Ghazeer gas field.
Iran Increases Natural Gas Production by 9% YoY
Iran has shown a 9% year-on-year (YoY) increase in the production of gas and gas condensates in the first six months of the current Iranian year (March 21, 2020-September 21, 2020).
APICORP Predicts Natural Gas Projects Rise in MENA
The Arab Petroleum Investments Corporation (APICORP) has predicted that investments in natural gas projects are set to see a rise in the MENA region despite a dampening of fuel.
Oman’s Production in September Reaches 718,000 bbl/d
The Sultanate of Oman’s average daily production of crude oil reached 718,700 barrels per day (bbl/d) during September.
Sonatrach, Naturgy Sign New Gas Contracts
Algeria’s state-run oil and gas company, Sonatrach, has signed gas contracts with the Spanish gas company, Naturgy.
Libya’s NOC Lifts Force Majeure at Sharara Oilfield
Libya’s National Oil Company (NOC) has announced that the force majeure at Sharara oilfield has been lifted with immediate effect and that production has restarted.
Shell’s Petrochemical Complex in Pennsylvania 70% Completed
Royal Dutch Shell announced that its multi-billion-dollar petrochemical complex in Pennsylvania has neared 70% completion and remains on track to become operational in 2020.
ConocoPhillips Announces Increase in Quarterly Dividend
American supermajor ConocoPhillips has ratified a decision to increase its quarterly dividend payments from 42 cents per share to 43 cents per share.
Norway Reaches Agreement to End Labour Strike
Norwegian oil firms have come to an agreement to sort out the wage dispute that has wreaked havoc through the Norwegian oil market for the past ten days.
