Sources: Rodriguez will lead a Venezuelan delegation to the US to discuss energy and debt.
Two sources familiar with the preparations say that a Venezuelan delegation headed by interim president?Delcy Rod will be attending the United Nations General Assembly in New York this week. The delegation plans to discuss energy, mining and debt issues with counterparts in the US. According to sources, the talks will…
Ghana's BOST reduces fuel exports to Burkina Faso, Mali and protects local supply
Afetsi Awoonor, the Managing Director of Ghana's state-owned fuel distributor BOST Energies, said that since August, BOST Energys has prioritized domestic demand by reducing diesel and gasoline exports to Burkina Faso, Mali and other neighbouring countries. Fuel prices in some countries have reached record levels due…
Subsea 7: EU Commission to comment on Saipem tie up
Subsea 7's CEO Stuart Fitzgerald told reporters on Wednesday that the European Commission would likely "comment in the next 24" hours about a possible reopening of its antitrust investigation into the merger between Norway’s Subsea 7 with Italy’s Saipem. The EU had halted the investigation while the parties supplied additional information.
Angola's Etu Energy aims to produce 100,000 bpd within five years - CEO
Etu Energias, a privately-owned company in Angola, aims to increase oil production by almost a 'fourfold' to 100,000 barrels a day within five year, according to its CEO. This comes after the company signed a 'deal' to purchase Chevron's 'interest' in Blocks 14 and 14.K. The?company - formerly Somoil - exercised its…
Baker Hughes increases annual forecasts following Chart purchase and signals LNG recovery ahead
?U.S. Baker Hughes, a provider of oilfield services, raised its full-year forecasts Wednesday to reflect the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries. Lorenzo Simonelli, the CEO of Barclays, also spoke at the Barclays Annual Energy Conference, and expressed optimism about liquefied gas (LNG) market…
Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long-stalled liquefied gas?export facility in Tanzania. The U.S. and Israeli war against Iran is reshaping global energy markets, and Qatar and other Gulf producers are losing their reputations as reliable…
TotalEnergies CEO: New exploration planned in Norway
TotalEnergies, the French oil giant, will appoint an exploration manager in Stavanger to examine new projects?in?the country. This was announced by its CEO on Norwegian TV on Monday. Patrick Pouyanne, speaking at the ONS Energy?conference held in Stavanger, said that the Norwegian continental shelf was a prolific basin. We see potential there for the future.
Chinese battery manufacturer CATL anticipates that energy storage will make up half the global sales by 2030
CATL in China, the?largest battery manufacturer in the world, is expecting energy storage to account for 50% of its global sales, up from 25% today, according to a company official on Thursday. Kevin Tang, CATL’s director of Energy Storage Systems for Europe, stated that energy storage is already up from 2% of battery purchases five years ago.
The tiny Guyana is poised to gain big gains from Iran oil and growth strains
The U.S. and Israeli war against Iran had already pushed up oil prices, but the tiny Caribbean nation of nearly 1 million people will now reap an even bigger bonanza as the conflict reshapes global energy markets. The tiny Caribbean nation of nearly 1,000,000 people is now set to reap even more benefits as the war reshapes the global energy markets.
Equinor: Europe's gas reserves could be critical if Hormuz is closed for 1-3 months
Equinor executives said that Europe could face a critical shortage of gas stocks if the disruption in shipping through 'the Strait of Hormuz' lasts for one to three more months. Low inventories and distorted pricing slow down stockpiling. Gas caverns, tanks and cylinders are only 35% or more full in Europe, which is below the seasonal norm of 50%…
Argentinian Energy Exports Could Reach $50b in 2031
Argentina's energy exports could reach $50 billion per year starting in 2031, driven primarily by sales of liquefied natural gas (LNG), the chief executive of Argentina's state-run oil and gas producer YPF, Horacio Marin, said on Thursday.The executive, who spoke at an energy conference in Houston, said he estimates $130…
US energy and interior secretaries met executives amid market turmoil
Energy executives gathered in Houston on Sunday to discuss everything from increasing domestic oil production to Venezuelan opportunities. This was during the worst global supply disruption due to the U.S. and Israeli war against Iran. The meeting was held over dinner on the eve of the CERAWeek energy conference where oil ministers…
CERAWeek, the energy conference in Houston, returns as Iran's conflict shakes global energy markets
Next week, the world's top energy executives? will return to Houston as the escalating U.S. - Israeli war on Iran has turned into a nightmare for global energy markets. Unprecedented attacks?on infrastructure? and shipping disruptions have sent oil prices soaring as governments struggle to combat inflation and avoid recessions.
Norway's Prime Minister says Europe shouldn't cap gas prices
The Norwegian prime minister said that Europe should not cap the price of natural gas, even though costs are rising due to the conflict in the Middle East. The benchmark TTF front-month gas contract on the continent has increased by around 60% since the U.S. and Israeli war against Iran, as well as the attacks of?Tehran on ships in Strait of Hormuz.
Exxon will determine the size of the natural gas reserves in Guyana's Stabroek Block.
Guyana’s energy minister stated that Exxon Mobil continues to work on determining the size of natural resources in Guyana’s?prolific Stabroek Block as the company pursues wider development of the resource. Previous statements by the U.S. oil giant, who leads the consortium operating the Stabroek Oilfield, have stated…
Exxon’s Uaru project and Whiptail project in Guyana is moving ahead of schedule according to an executive.
Exxon Mobil’s President of Guyana Operations said that the company's fifth- and sixth-projects in Guyana, Uaru and Whiptail, are on schedule and within budget. Alistair Routledge (Exxon Guyana president) refused to give a timeline for the start-up of projects when asked by. Whiptail, meanwhile, is expected to begin production in 2027.
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Geopolitical experts and oil specialists?said that the tiny oil-producing country of Guyana has an opportunity to expand its economy amid the ongoing U.S. activities in Venezuela. This is ahead of the Guyana Energy Conference. The 'growth potential' of Guyana was the focus at the four-day conference that began on Tuesday, in Georgetown.
Executives say Trinidad's Atlantic Liquefaction Project will begin to remove the liquefaction units in Q4.
Michael Daniel, director of capital projects at Atlantic LNG in Trinidad and Tobago, announced on Tuesday that the project's flagship, the liquefied?gas? project, would begin to remove one of its liquefaction train from operation during this last quarter. Train 1 has not been producing LNG?for more than a year but it is still in operation because all utilities…
Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell, BP and Trinidad's National Gas Company…
Trinidad's BP head says the company is interested in cross border opportunities with Venezuela
BP's Trinidad and Tobago head said Monday that the oil and?gas?major was still interested in cross border opportunities with Venezuela despite a?government in Caracas that suspended all bilateral energy deals with its neighbor in last year. BP and Shell were granted licenses to develop offshore natural-gas projects along the maritime?border by the U.S.