What's Affecting Oil Prices This Week? (Sept. 30, 2024)
Based on Stratas Advisors' demand forecast, there is room for Saudi Arabia to increase supply gradually and not collapse oil prices — if there is no dramatic increase in non-OPEC supply and the other members of OPEC+ do not grossly exceed their quotas.
Exxon Awards JGC, Technip Energies LNG FEED Contract
Technip Energies said Rovuma LNG, located in Mozambique, is expected to have a total production capacity of 18 million tonnes per annum.
What's Affecting Oil Prices This Week? (Sept. 23, 2024)
For the upcoming week, oil prices could get a boost from another storm forming in the Gulf of Mexico that could be a hurricane by the evening of Sept. 25 and possibly affect much of the eastern Gulf Coast.
Chevron’s Wirth: Biden Admin Needs to Embrace, not Attack Natgas
Chevron CEO Mike Wirth, speaking at Gastech Houston 2024, said natural gas offers a clear path to lowering CO2 emissions that only politics can derail.
What's Affecting Oil Prices This Week? (Sept. 16, 2024)
With expectations for more favorable supply/demand fundamentals and improvement in the sentiment of oil traders, Stratas Advisors forecast higher oil prices with the price of Brent crude moving back above $80.
What's Affecting Oil Prices This Week? (Sept. 9, 2024)
Within the context of lower oil prices and disappointing economic data, members of OPEC+ have decided to delay the unwinding of voluntary cuts, which were expected at the end of September.
Libya's Oil Output Falls More Than Half Due to Political Standoff
More than half of Libya's oil production, or about 700,000 bbl/d, was offline on Aug. 29 and exports were halted at several ports as a standoff between rival political factions over the central bank and oil revenue threatens to end a four-year period of relative peace.
Geospace Technologies Sells Seismic Data Nodes to SAExploration
SAExploration exercised its purchase option from an existing rental contract to make the purchase of seabed ocean bottom wireless seismic data acquisition nodes.
From Exxon to APA, E&Ps Feel Need to Scratch Exploration Itch
Exxon Mobil is looking for its “next Permian,” which an executive said could be in Algeria.
E&P Highlights: Aug. 26, 2024
Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.