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The latest upstream oil and gas news from around the world.

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Saudi Retains Top Oil Supplier To China Despite YOY Drop

Thu, 23 Mar 2017 00:00:00 GMT

Saudi Arabia maintains its spot as China's top oil supplier in February, 2 months into the first OPEC output cuts in almost a decade.

NOC: Libyan Oil Output Rises To 700,000 Bpd After Port Fighting Ends

Wed, 22 Mar 2017 00:00:00 GMT

Libya's oil production has reached 700,000 barrels per day, the National Oil Corporation (NOC) says.

India's Feb Oil Output Falls 3.4% YoY

Wed, 22 Mar 2017 00:00:00 GMT

India's oil output in February fell 3.4% to about 2.80 million tons year-over-year.

Beset By Delays, Myanmar-China Oil Pipeline Nears Start-Up

Tue, 21 Mar 2017 00:00:00 GMT

Nearly a decade in the making, a project to pump oil 480 miles across Myanmar to southwest China is set for imminent start-up.

Shell To Drill New Wells By End-2018 To Shore Up Australia Gas Supply

Tue, 21 Mar 2017 00:00:00 GMT

Royal Dutch Shell will drill 161 new gas wells at its Queensland operations by the end of 2018.

TransCanada Seeks Pipe Approval Linked To Petronas LNG Terminal

Mon, 20 Mar 2017 00:00:00 GMT

Transcanada has secured shippers' commitment for a pipeline associated with Petronas' pending Pacific NorthWest liquefied natural gas terminal in western Canada

SDX Starts Drilling Operations at SD-1X Well

Mon, 20 Mar 2017 00:00:00 GMT

SDX Energy Inc. commences drilling operations on the SD-1X well at its South Disouq concession in Nile Delta area of Egypt.

Cambodia To Revise Oil Contract, Paving Way For First Oil

Mon, 20 Mar 2017 00:00:00 GMT

Cambodia will sign a revised production sharing contract this month with Singapore-listed explorer KrisEnergy to develop an offshore field that could finally produce the country's first oil.

Cheniere Gas Pipeline Would Link STACK-SCOOP to Gulf Coast, Southeast

Fri, 17 Mar 2017 00:00:00 GMT

Cheniere's Midship unit signs deals with foundation shippers, kicks off open season for proposed 200-mile gas pipeline.

Senex to Accelerate Gas Delivery from Vanessa with Government Grant

Fri, 17 Mar 2017 00:00:00 GMT

Senex Energy will accelerate the delivery of gas from its Vanessa field in the Cooper Basin with the approval of $5.82 million in funding through the South Australian Government's PACE Program.

Saudi Says Oil-Supply Cuts May Be Extended If Necessary

Thu, 16 Mar 2017 00:00:00 GMT

OPEC and its allies may prolong production cuts after they expire in June if the world's crude inventories remain excessive, Saudi Arabia's Energy Minister said.

Fire At Syncrude Oil Sands Site Extinguished After Two Days

Thu, 16 Mar 2017 00:00:00 GMT

The fire at Syncrude Canada's oil sands plant in northern Alberta was extinguished on Thursday morning.

Iraq Plans to Boost Crude Oil Production and Exports This Year

Wed, 15 Mar 2017 00:00:00 GMT

Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year.

Russia's Lukoil Sees Hydrocarbon Output Growth Of 3-4% In 2017

Wed, 15 Mar 2017 00:00:00 GMT

Russian oil firm Lukoil forecasts its hydrocarbon output will grow 3-4% in 2017.

IEA Says Oil Market Could Tilt Into Deficit In 1H If OPEC Sticks To Cuts

Wed, 15 Mar 2017 00:00:00 GMT

If OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency says.

Zohr to Start Gas Production This Year

Wed, 15 Mar 2017 00:00:00 GMT

Zohr will start gas production in December, according to an investor presentation held in Milan by Eni.

Sinopec Starts Operation Of Crude Oil Pipeline In South China

Tue, 14 Mar 2017 00:00:00 GMT

China Petroleum and Chemical Corp starts operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company says.

Kremlin Says No Decision Yet On Prolonging Global Oil Output Cuts

Tue, 14 Mar 2017 00:00:00 GMT

It is too early to decide on a unified position about the possible extension of a global pact to cut oil output, a Kremlin spokesman says.

Drilling Boom in Hottest US Oil Play Is Bad News for Gas Bulls

Mon, 13 Mar 2017 00:00:00 GMT

A drilling surge in America's hottest oil play may prove to be a pitfall for natural gas bulls.

Kazakhstan's Oil Output In Feb Exceeds Level Agreed With OPEC

Mon, 13 Mar 2017 00:00:00 GMT

Kazakhstan's oil production in February exceeded its agreed limit under an OPEC-led deal to cut output and support prices, official Kazakh data shows,