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Oil and Gas Storage Service Market Revenue Will Reach $XX Billion By 2022, Says Esticast Research and Consulting

December 15, 2017 No Comments

As per the report”Oil and Gas Storage Service Market By Product Type (Storage, Ancillary), By End-use application (Storage, Ancillary), Estimation & Forecast, 2017 – 2024″ ,the global oil and gas storage service market was valued at $XX billion in 2016, and is projected to reach $XX billion by 2022, growing at a CAGR of 2.6% […]

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Trafigura Announces 2017 Result Showing A Strong Trading Performance

Trafigura Announces 2017 Result Showing A Strong Trading Performance

December 14, 2017 No Comments

Trafigura Group Pte Ltd, (“Trafigura”) announced another year of strong trading performance and profit. The robust global economy drove strong growth in demand for all the commodities that the company trades and a tightening supply-demand balance pushed prices of many products higher. However, the oil and refined product markets were still characterised for much of […]

Hess Announces Quarterly Cash Dividend on Preferred Stock

Hess Announces Quarterly Cash Dividend on Preferred Stock

December 7, 2017 No Comments

The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, […]

Saudi Arabia Raises Crude Oil Prices To Asia

Saudi Arabia Raises Crude Oil Prices To Asia

December 6, 2017 No Comments

On the back of a stronger Dubai benchmark and solid demand in Asia, Saudi Arabia has raised the official selling prices (OSPs) of all its crude grades to Asia for January, generally in line with traders’ expectations. OPEC’s largest producer and exporter has lifted the price of its flagship Arab Light crude grade for Asian […]

Hungary Considers Nigerian Crude Oil, LNG

Hungary Considers Nigerian Crude Oil, LNG

December 5, 2017 No Comments

Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas (LNG) from Nigeria. The Hungarian Ambassador to Nigeria, Professor Gabor Ternak, who disclosed this during a courtesy call on the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Tuesday in Abuja, said the decision to import crude […]

Gazprom Issues financial Report for the nine months ended September 30, 2017

Gazprom Issues financial Report for the nine months ended September 30, 2017

November 30, 2017 No Comments

PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2017. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended September 30, 2017 and for the […]

Weizhou 12-2 Oil Field Phase II Project Commences Production

Weizhou 12-2 Oil Field Phase II Project Commences Production

November 29, 2017 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced the Weizhou 12-2 oil field phase II project has already commenced production. The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7 meters. In addition to fully utilizing […]

ONGC Videsh Declares H1 FY’18 Financial Results

ONGC Videsh Declares H1 FY’18 Financial Results

November 17, 2017 No Comments

Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the half year ended September 30, 2017 were considered and approved by the Board in its meeting held on November 13, 2017 Consolidated Crude Oil and Oil Equivalent Gas production during H1FY’18 was higher by 28.14% at 7.013 MMTOE mainly due to acquisition […]

Canadian Natural  Announces 2018 Budget

Canadian Natural Announces 2018 Budget

November 7, 2017 No Comments

Canadian Natural Resources Limited’s 2018 capital budget is targeted at approximately $4.3 billion, $0.5 billion less than 2017, excluding the Athabasca Oil Sands Project (“AOSP”) acquisition capital. The Company targets to deliver 2018 production growth of approximately 17% at the midpoint of 2018 budget guidance with targeted maintenance capital at approximately $3.0 billion, demonstrating the […]

Oil Prices Higher

Oil Prices Higher

November 2, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $59.23 a barrel on Wednesday, 1 November 2017, compared with $58.53 the previous day, according to OPEC Secretariat calculations. The Energy Information Administration (EIA) confirmed a draw in crude oil inventories, boosting the rally of WTI that almost brought the U.S. benchmark to US$55 a […]

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