Oil

Oil Price

TotalEnergies: High Oil Prices Are Here To Stay

TotalEnergies CEO Pouyanné: I've no good news to deliver, oil prices will remain high.

LNG

MOL Signs Charter for New Arctic LNG 2 Ice-Breaking Carrier

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a charter contract for a newbuilding ice-breaking carrier to serve Russia’s Arctic LNG 2 project.

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.

Crude Oil

Mexico Slashes Oil Exports to India

Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year.

Oil Field

Will the UK Greenlight Six New Oil and Gas Fields in North Sea?

The government is allegedly planning to give the go-ahead to six new oil fields in the North Sea.

LNG

SSY: LNG Supply and Demand Maintain Volatile Market

Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.

Crude Oil

Iraq Ready To Execute Four Game-Changing Energy Projects

According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergie…

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

LNG

IHS Markit Report Says LNG Imports to Europe Would Be Sufficient to Overcome Shutoff of Russia Gas Flows Through Ukraine

Supplies of Russian gas to Europe via Ukraine have already fallen and been replaced by LNG imports.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Natural Gas

GECF and Mozambique Inch Closer on Energy Cooperation

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas exporting countries, led by its Secretary General HE Eng. Mohamed Hamel held a …

Natural Gas

Potential of Gas Remains Promising Amidst Policy Changes: GECF Webinar Speakers

As the world takes decisive steps on climate change, the ensuing policy changes and their effect on the world’s fastest growing fossil fuel, natural gas, were …

Crude Oil

Shell Makes 'Encouraging' Oil Discovery Offshore Namibia

Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia.

Crude Oil

Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges

Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.

LNG

US LNG Sector to Pitch Gas Deals for Europe

A senior EU official overseeing the bloc's energy policy is set to meet next week with US LNG industry insiders, who say recent tensions with Russia add relevan…