News / International
Indonesia and Iran Cooperating in Oil, Power Generation and Housing
Iran and Indonesia have signed a deal on oil export and the construction of a power plant and a refinery in the Southeast Asian country
BP Lifts Force Majeure on Angola’s Saturno
BP has lifted a force majeure on exports of Angolan Saturno crude oil, traders said on Tuesday.
Algerian LNG Shipment Expected to Arrive in Egypt
A 3 billion cubic meter liquefied natural gas shipment from Sonatrach natural gas Algerian company will arrive in Egypt by next week via Ain Sokhna port, Khalid Abdul Badi Chairman of the Egyptian Natural Gas Holding Company (EGAS) told Youm7.
OPEC Production, US Crude Oil Imports Increase
US refiners in the Gulf Coast imported 26.4 MMbbls (million barrels) of crude oil in April 2015—compared to 20.5 MMbbls in March 2015 from Saudi Arabia, according to data from the U.S. Customs and Border Protection. This is the highest level of imports in the past year. The US imported 3.63 MMbpd (million barrels per day) of crude oil through waterways for the week ending May 1. The slowing US output means that crude oil imports will increase more. As a result, declining US supplies will support WTI (West Texas Intermediate) oil prices.
US Shale Oil Firms: Refracking Not Best Path in Downturn
Refracking, the practice of fracking an oil and gas well a second time, is still too unpredictable to rely on as a way to slash costs and increase output during the oil price slump, top U.S. shale oil executives said on Tuesday.
China Expands Coal Ban to Suburbs
China will expand its bans on coal burning to include suburban areas as well as city centers in efforts to tackle air pollution, the top energy agency said on Tuesday.
Shale Gas Reserves Discovered in Sweden
Colossal reserves of shale gas have been discovered in Sweden, according to a survey published in The American Association of Petroleum Geologists Bulletin.
Russia Boosts Output of Condensates as Sanctions Hit Arctic Oil
With Siberia’s aging oil fields slowly running dry, Russia is turning to a natural gas by-product to help maintain crude production and meet President Vladimir Putin’s target of 10 MMbopd.
