Coronavirus | Egypt Oil & Gas
OPEC+ Revises Oil Demand for 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, according to a confidential document seen by Reu...
Total Delays Tyra Gas Field Restart by 1 Year
The restart of the Tyra gas field, which lies in the Danish portion of the North Sea, is expected to be delayed by almost a year due to corona-related issues, according to S&P Global. Total said in a statement, &#...
Canada Ramping Up Production to End Year on a High
Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry, according to Reuters. This increase in production follows Alberta’s government decisio...
Alberta Set to Increase Production Ahead of Schedule
Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease pipeline congestion, according to Reuters. This is a...
SABIC Reports Rise of Net Profit in Q3
Saudi Basic Industries Corporation (SABIC) returned to profit in Q3 after the global signs of recovery from the coronavirus, according to Bloomberg. According to data compiled by Argaam, SABIC reported a rise of 47% ... Global Oil Demand Forecast Cut Again by OPEC
The Organization of Petroleum Exporting Countries (OPEC) has further curtailed its expectations for the rebound of world oil demand in 2021, according to Reuters. This further reduction is due to the continual rise in...
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, according to Reuters. Building operations ...
Number of US Oil, Gas Rigs Rises for Third Consecutive Week
US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018, according to Reuters. The number of active rigs rose five to 26...
