Despite several developments on the horizon, Stratas Advisors continues to hold to their view that the price of Brent crude will average around $90 during the fourth quarter of this year. Here’s why.
APA Corp. and TotalEnergies, joint venture partners offshore Suriname in Block 58, deemed the Awari exploration well non-commercial but are eager to start flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, Houston-based APA reports.
Operated by BP Plc, the Tangguh LNG plant is in Indonesia's West Papua province and began production in 2009. Its output capacity is 7.6 million tonnes of LNG per annum (mtpa) from two existing trains.
By 0930 GMT, shares in Eni SpA and Enel were down respectively around 2% and 1.7%, underperforming Italy's blue chip index, but broadly in line with Europe's STOXX index for the energy sector which fell 1.7%.
After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike interest rates to combat inflation.
London-based BP agreed to market Guyana’s share produced from the Liza Destiny and Liza Unity platforms at no charge per barrel, according to a ministry statement on Nov. 24. It replaces a Saudi Aramco trading unit, which previously held the contract.
Demands from environmental groups and scientists that governments and companies should leave oil and gas in the ground have had less traction this year, since European countries have scrambled to replace Russian gas.
Both crude benchmarks, which hit 10-month lows last week, have posted three consecutive weekly declines.
While East Daley Analytics sees a growth story ahead for midstream, the market seems to lack conviction. Here’s why.
Today's featured Forty Under 40 honoree is Amber Barlow Garcia, who is a partner at Deutsch Kerrigan LLP in New Orleans.
U.S. oil rigs rose four to 627 this week, their highest since March 2020, while gas rigs fell two to 155, according to the weekly Baker Hughes rig count report.
The U.S. authorization “brings added transparency to the Venezuelan oil sector” and allows Chevron to benefit from sales of “oil that is currently being produced” by its joint ventures with PDVSA, the California-based company said in a statement.
A survey report finds volatile market conditions and high fuel prices are driving the energy transition—differently than a year ago.
Energy giants Shell Plc and Equinor ASA said they were evaluating their investment plans after last week’s decision to raise tax to 35% from 25% to help plug Britain’s fiscal hole.
As previously announced, ConocoPhillips will acquire 30% of the equity in Port Arthur LNG Phase 1 and will manage the feed gas supply requirements for the facility, the companies said.
Chevron’s Colin Parfitt spoke to Hart Energy about the evolving role of midstream, emerging new energies, challenges ahead and recent changes at the U.S. oil major.
At a recent energy conference, E&P leaders also warned that the energy transition needs to slow down or the U.S. will face European-style disruptions.
Also supporting natural gas futures in the U.S. were worries about a possible rail strike that could disrupt coal shipments to utilities this winter, forcing power generators to burn more gas to produce electricity.
CNOOC has hired JPMorgan to advise it on a potential exit from its interests in U.S. shale gas assets, which could raise around $2 billion, the sources familiar with the matter said.
The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).
Mozambique's first LNG cargo left from the Coral Sul floating LNG installation on Nov. 14.
Enterprise’s Sea Port Oil Terminal could export 2 MMbbl/d from nearly 30 miles offshore of the Houston area directly onto VLCCs.
The four blocks offered in the second round of bidding this year have combined estimated resources of 3,730 million barrels of oil and 300 Bcf gas, Indonesia’s energy ministry data showed.
In addition to a new mines and energy minister, President-elect Luiz Inacio Lula da Silva is expected to choose a new CEO of Petrobras early next month.
Enbridge will apportion December deliveries on its heavy crude system by 11% and ration space on the light oil system by 13%. The rationing is the highest it has been since last winter.
French President Emmanuel Macron aims to have approximately 50 French offshore wind farms by 2050, with the Saint-Nazaire wind farm marking the beginning of this goal.
“The largest opportunity to reduce emissions here and now would be displacing foreign coal with U.S. natural gas,” Williams’ senior vice president of corporate strategic development, Chad Zamarin, says.
Today's featured Forty Under 40 honoree is Salah Gamoudi, who is executive vice president and CFO of SandRidge Energy Inc. in Austin, Texas.
The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.