Owners of very large gas carriers (VLGCs) are upbeat about 2020, with the market in a recovery period. But, new International Maritime Organisation (IMO) regulations on bunker fuels may restrain freight rates and profits.
News ID: 8150 Publish Date : 2019/12/30
Tehran is considerably advancing its development policies in the oil and gas industries, as the National Iranian Drilling Company (NIDC) announced that it has successfully completed drilling operations of 88 oil and gas wells over the first 9 months of the current local calendar year (March 21-December 22).
News ID: 8130 Publish Date : 2019/12/27
The National Iranian Drilling Company (NIDC) has completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year, which began on March 21.
News ID: 8129 Publish Date : 2019/12/28
Natural gas prices in the Permian basin will likely decrease in the first half of 2020, Argus forward curve data suggest, despite an expected slowdown in production growth.
News ID: 8112 Publish Date : 2019/12/27
A senior Iranian official in petroleum refining affairs said converting petro guzzlers into CNG-run vehicles could generate 1.8 billion dollars in revenues for Iran annually.
News ID: 8075 Publish Date : 2019/12/24
Iran could save its petrol consumption by 17 million liters per day once it upgrades its automotive industry, an official said.
News ID: 8074 Publish Date : 2019/12/24
The remaining platforms of phases 13, 14 and 22-24 of the giant offshore South Pars gas field are set to become operational by the end of the current calendar year in March 2020. That would bring gas recovery capacity in South Pars, which Iran shares with Qatar, to 680 mcm/d from the current 630 mcm/d.
News ID: 8072 Publish Date : 2019/12/24
A massive gas project worth $1.5 billion is underway in Southeastern Iran where the country’s oil ministry is conducting a major pipe laying operation to supply the deprived and remote regions bordering Pakistan with natural gas.
News ID: 8068 Publish Date : 2019/12/23
South Korean shipping firm Korea Line has signed a $307.4mn charter contract to operate two new LNG carriers (LNGCs) for at least seven years on behalf of Shell.
News ID: 8059 Publish Date : 2019/12/23
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won orders to build two new 174,000m³ LNG carriers, the firm said today.
News ID: 8056 Publish Date : 2019/12/23
Argentina plans to partially roll back an export tax on hydrocarbons to a maximum of 8pc from a previous 12pc, according to a bill that the new government of center-left president Alberto Fernandez sent to the congress this week.
News ID: 7999 Publish Date : 2019/12/18
The European LPG market is most often buffeted by structural shifts elsewhere in the world. But, in 2020 two local developments will drive change — supply from the Baltic Sea region will fall sharply, and a large-scale butane-dedicated storage will come online in the Amsterdam-Rotterdam-Antwerp (ARA) trading hub.
News ID: 7978 Publish Date : 2019/12/16
National Iranian Oil Products Distribution Company and Bank Mellat signed an agreement on Sunday to contribute to a plan to convert gasoline-based vehicles to hybrid CNG engines.
News ID: 7973 Publish Date : 2019/12/15
Gas refineries in Iran have undergone major renovation and restructuring programs increasing their daily output to 900 million cubic meters a day, close to the target of 1 billion cubic meters (bcm) a day, a senior Iranian Oil Ministry official Masoud Zardouyan said.
News ID: 7969 Publish Date : 2019/12/16
Iranian Oil Minister Bijan Zangeneh announced that the country’s Patropars Company has been awarded to take charge of the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
News ID: 7968 Publish Date : 2019/12/16
Colombia's high administrative court ordered coal miner Drummond to halt coal bed methane (CBM) gas production.
News ID: 7946 Publish Date : 2019/12/13
The Italian government will push back the full liberalization of its retail power and gas market from its deadline of June 2020 to January 2022, with the timeframe becoming too tight to carry out the move.
News ID: 7938 Publish Date : 2019/12/13
Dwindling oil flow and obscure ties at Venezuelan state-owned PdV's PetroZamora joint venture offer a glimpse into the broader decline of an Opec-founding country now better known for involuntary over-compliance with its elusive output quota.
News ID: 7922 Publish Date : 2019/12/12
Brazil is carrying on with its plans to drill in the prolific pre-salt area even after UN leaders urged countries on Monday to steadfastly curb emissions of “climate-altering” gases that stem from—among other things—fossil fuels.
News ID: 7914 Publish Date : 2019/12/10
Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.
News ID: 7865 Publish Date : 2019/12/09
