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US: Gas demand rises sharply amid freezing weather
- 4.5M power outages in Texas alone, 20% of US refinery capacity shut down in Gulf Coast
Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
UAE discovers 22 billion barrels of oil reserves
- Discovery comes after finding of 7 billion barrels of oil in November, bringing country’s recoverable reserves up to 107 billion
Eni announces new gas discovery offshore Egypt
- According to preliminary estimates, Great Nooros Area discovery may contain in excess of 4 trillion cubic feet of gas
‘UAE-Israel deal tilts balance of power towards Israel’
- Asia-Pacific groups seek OIC summit, urge global community to take proactive steps towards independent Palestinian state
Poland's anti-monopoly watchdog fines Gazprom
- UOKIK sanctions Gazprom, Engie Energy, Uniper, OMV, Shell and Wintershall
Eni posts $5B net loss, 55% revenue fall in 2nd qtr.
- Company going through one of most challenging quarters oil and gas industry faced in history, CEO says
30.07.2020
Oil
ENI revises down Brent price forecast by $10 for 2023
- For 2020-2022 period, Italian energy firm forecasts Brent at respectively $40, $48 and $55 per barrel
ENI announces new gas discovery offshore Egypt
- ENI, BP and Total will begin screening development options of new discovery in coordination with Egypt's petroleum sector
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ENI, Sonatrach ink deal to expand upstream partnership
- Agreement comes during meeting with Algerian energy minister and CEOs of ENI and Sonatrach
US refinery capacity sets new record in 2019
- Total of 135 refineries operable in US last year
ADNOC inks record high gas pipeline investment deal
-With $10.1 billion to ADNOC, deal is single-largest energy infrastructure transaction in region and biggest in world in 2020
Weak fuel demand causes refinery run declines in US
- As US motor gasoline and jet fuel consumption falls to lowest level since 1991, refiners change mix of petroleum products
ENI, Total energy firms postpone drilling in E. Med
-Earlier, ExxonMobil announced postponement of plans to drill in region until September 2021
UAE shipped tons of jet fuel to Haftar militias: Report
- Shipment of 'combat supplies' to eastern Libya 'violates' arms embargo
Eni stands with Italy against coronavirus
- Eni launches series of initiatives to help local health facilities in areas it operates to combat COVID-19
Oil around four-year lows with oversupply, coronavirus
- Prices trading around lowest levels since February 2016
Brent oil down 5% with Saudi, UAE to ramp up output
- Two countries could alone increase glut of supply in market by 3.6 million bpd
UAE joins oil price war via plan to up output in April
- Country's oil production set to reach 4 million barrels per day next month, with target planned of 5 million barrels per day
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Eni profit falls 96% in 2019, revenue down 7%
- Net profit of €148 million for full year of 2019 was down from approximately €4.13 billion in 2018
Eni announces new oil discovery offshore Mexico
- According to preliminary estimates, Saasken discovery may contain between 200-300 million barrels of oil in place
UAE finds 2.3 trillion cubic meters of new gas reserve
- Discovery marks the second finding in three months
Turkey's oil imports up 45.7% in November 2019
- Production of oil refinery products increases by 62.3% to 3.07 million tonnes in November 2019
Turkey's fund to build $10B petchem & refinery facility
- Refinery in Ceyhan will help reduce Turkey's current account deficit by $1.5 billion annually
03.12.2019
Invesments
Saudi Arabia becomes largest oil exporter to China
- Chinese crude imports from kingdom soars 77% to 1.98 million barrels per day from 1.12 million barrels per day in Oct. 2018
Big oil, gas find in UAE boosts ranking to 6th in world
- Reserves include 7 billion barrels of oil, 1.64 trillion cubic meters of gas, lifting UAE up from 7th position globally
Oil posts mixed week amid refinery maintenance season
- Refinery maintenance season keeps crude demand low, causes buildup in inventories and push prices down
House OKs measure to bar aid for Saudi's Yemen campaign
- Measure bars support to and participation in Saudi-led campaign against Yemen's Houthi rebels
12.07.2019
Americas
