Commonwealth LNG receives US approval to export non-FTA products for 20 years
Commonwealth LNG, a U.S. company, has been granted a 20-year export license from the Department of Energy for liquefied?gas to be exported from its proposed Louisiana plant to countries that do not have free trade agreements.
Trump's "drill baby, drill" agenda in Venezuela hurts producers at the home
Trump wants $50 oil but it's below the profit level of U.S. Venezuelan oil redirected to squeeze U.S. Venezuelan oil to benefit U.S. HOUSTON, January 9 - U.S. Oil Producers already…
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the first time in 3 weeks.
Baker Hughes, a closely watched energy services firm, said that U.S. firms have cut back on the number of oil rigs and natural gas rigs operating for the first time since three weeks.
TotalEnergies Snags Exploration Nod Offshore Lebanon
French oil company TotalEnergies TTEF.PA has obtained government approval for a new exploration permit offshore Lebanon, it said on Friday.Total, which owns a 35% operating stake in the permit…
White House oil meeting includes independents and has strong ties to Denver
On Friday, the White House will be inviting oil executives to meet with them in order to discuss possible investment in Venezuela. While the list of attendees includes some big names from American oil…
Sources say that Glencore's trading division is part of Rio Tinto's appeal in merger talks.
Two sources familiar with the matter claim that Rio Tinto wants to keep Glencore’s trading division, and would make it a?even stronger platform to sell commodities? if they can strike…
TotalEnergies receives new exploration permit off the coast of Lebanon
TotalEnergies, a French oil company, said Friday that it had 'obtained approval from the government for a new permit to explore offshore Lebanon. Total, who owns 35% of the operating stake…
The price of gas in Europe has risen after falling due to warmer weather forecasts
LONDON, January 9 - Dutch wholesale gas prices and British wholesale gasoline prices rose on Friday after falling the day before. However, drivers remained largely 'the same. LSEG data…
Equinor, a Norwegian company, awards ten-billion-dollar five-year contracts to suppliers
Equinor announced on Thursday that it had signed framework agreements with a group of suppliers worth 100 billion Norwegian crowns (9.93 billion dollars) for the maintenance and modification…
Gas prices in Europe fall as warmer temperatures are expected
LONDON, January 8 - Dutch wholesale gas prices and British wholesale gas rates fell on Thursday as temperatures are expected to warm up and reduce demand for 'gas for heating. LSEG…
Equinor, a Norwegian oil company, awards 10 billion dollar contracts to suppliers
Equinor announced on Thursday that it had signed framework agreements worth '100 billion Norwegian crowns (9.93 billion dollars) with a group suppliers for the maintenance and modification…
Malaysia increases gas-fired electricity use in December, as coal dependence falls
Grid operator data shows that Malaysia increased its natural gas-fired electricity generation in December and reduced its reliance on coal. The rising production helped to boost local supply…
Exxon announces a decline in upstream profits for the fourth quarter
Exxon Mobil, the U.S. oil giant, said on Wednesday that lower crude?oil?prices may reduce its fourth-quarter?earnings? by $800 million to $1 billion. The price of oil fell 9.2% in the…
EOG Resources: Higher Venezuelan output and oversupply are weighing down on shale oil prices
Ann Janssen, finance chief at EOG Resources, said that on Wednesday oversupply from Venezuela and possibly higher production are pushing down oil prices. This trend is likely to continue for several more quarters.
The price of gas in Europe is rising due to the forecasted lower temperatures for the weekend
LONDON, 7 January - Dutch wholesale gas prices and British wholesale gasoline prices rose Wednesday morning due to colder weather forecasts for the weekend and next weeks. LSEG data…
Shell purchases stakes in offshore blocks in Angola from Chevron
Shell announced on Tuesday that it has reached an agreement with Chevron to purchase a stake in two offshore blocks in ultra-deep water offshore Angola. European oil companies have…
What is the current status of international oil firms in Venezuela following Maduro’s capture?
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world, is now in crisis following the capture of the President Nicolas Maduro.
Bousso: Trump offers US oil companies in Venezuela a poisoned cup
Donald Trump, the president of the United States, is offering U.S. companies an opportunity to revitalize Venezuela's vast and derelict petroleum industry. This is an offer that they might not want to accept. U.S.
EUROPE GAS - European prices are rising as the cold weather continues to be in sight
LONDON, January 6 - Dutch wholesale gas prices and British wholesale gasoline prices both rose on Tuesday, after a 5% drop on Monday, as the weather forecast for the next few days was cooler than previously expected.
Bousso: Trump offers US oil companies in Venezuela a poisoned cup
Donald Trump, the president of the United States, is offering U.S. companies an opportunity to revitalize Venezuela's vast and derelict petroleum industry. This is an offer that they might not want to accept. U.S.