Friday, July 1, 2022

COVID-19: ENI, STATE OF TABASCO HEALTH SERVICES ALIGNS TO CURB

COVID-19: ENI, STATE OF TOBASCO HEALTH SERVICES ALIGNS TO CURB
Eni Foundation, a corporate foundation known to promote worldwide social and humanitarian initiatives has launched two projects to strengthen health services...

US MAY BECOME WORLD’S LARGEST LNG EXPORTER AS HER EXPORT SUPPLY...

US MAY BECOME WORLD’S LARGEST LNG EXPORTER AS HER EXPORT SUPPLY PLANTS SOAR
Supplies to U.S. liquefied natural gas export plants reached near record levels over the weekend as vessels docked for loading at...

EGYPT 2022: BARKINDA RECEIVES SPECIAL AWARD

EGYPT 2022: BARKINDA RECEIVES SPECIAL AWARD
OPEC Secretary General, Mohammad Sanusi Barkindo, was on Monday presented with a special award in recognition and honouring of his achievements as Secretary...

EUROPEAN BANKS LEND $55BN FOR NEW OIL, GAS PROJECTS, IGNORE IEA

EUROPEAN BANKS LEND $55BN FOR NEW OIL, GAS PROJECTS, IGNORE IEA
Last year, 25 European leading banks were said to have lend $55 billion to energy companies planning to expand oil and...

ALGERIA’S SONATRACH, NIGER SIGN PRODUCTION IN KAFRA REGION OIL

ALGERIA’S SONATRACH, NIGER SIGN PRODUCTION IN KAFRA REGION OIL
Algeria’s Sonatrach oil company said it had signed an agreement with the Niger petroleum ministry to share production in Niger’s Kafra region, the...

$80BN ARAMCO SHARES TRANSFERRED TO STATE FUND BY SAUDI ARABIA

$80BN ARAMCO SHARES TRANSFERRED TO STATE FUND BY SAUDI ARABIA
Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco (2222.SE) shares worth $80 billion to the kingdom’s sovereign wealth fund,...

LUNAR NEW YEAR REDUCES TRADING, CRASHES ASIAN LNG PRICES

ASIAN LNG PRICES FALL AS LUNAR NEW YEAR REDUCES TRADING
Asian spot liquefied natural gas (LNG) fell this week, tracking gas prices in Europe, amid muted demand from China as the Lunar...

SAUDI ARAMCO PLANS A $50 BILLION STAKE SALE OF FRESH SHARE...

Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says
Saudi Arabia is planning to list more shares in Aramco and is targeting a stake sale of as much as $50 billion, the Wall...

USA: Exxon TO RAISE SHALE OUTPUT IN PERMIAN BY 25%

Exxon PLANS TO RAISE SHALE OUTPUT IN PERMIAN BY 25% THIS YEAR
xxon said its global cost of production allow it to break even at a price of $41 per barrel on cheap barrels coming from the Permian and from its deepwater finds in Guyana, in South America. Brent, the global benchmark for oil, is trading around $90 per barrel.

U.S OIL INVENTORY DIPS WHILE FUEL DEMAND RISES

U.S OIL INVENTORY DIPS WHILE FUEL DEMAND RISES
Oil prices rallied on Wednesday after U.S. crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time...

BP PROFITS RISE TO 8-YEAR HIGH ON SOARING ENERGY PRICES

BP PROFITS RISE TO 8-YEAR HIGH ON SOARING ENERGY PRICES
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share...

U.S. DRILLERS GET BUSY IN COSTLY SHALE BASINS AS OIL NEARS...

U.S. DRILLERS GET BUSY IN COSTLY SHALE BASINS AS OIL NEARS $100 A BARREL
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and...

CHEVRON’S REQUEST TO TAKE VENEZUELA OIL FOR DEBT PAYMENT RECEIVES US...

CHEVRON’S REQUEST TO TAKE VENEZUELA OIL FOR DEBT PAYMENT RECEIVES US CONSIDERATION
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...

CHEAPER COAL MAY FORCE EUROPEAN GAS DEMAND DOWN THIS YEAR –...

EUROPEAN GAS DEMAND SEEN FALLING THIS YEAR DUE TO CHEAPER COAL-IEA
 European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, while...

QATAR WANTS EU EMERGENCY GAS TO STAY WITHIN EU

QATAR SEEKS EU GUARANTEES EMERGENCY GAS STAYS WITHIN EU- SOURCE
Top gas producer Qatar is asking the European Union to restrict resales of gas outside the bloc if it wants Qatar and...

EQUINOR SAYS NORWAY LNG PLANT FACES FURTHER RESTART DELAY

NORWAY LNG PLANT RESTART FACES NEW DELAY IN BLOW TO EUROPE'S GAS SUPPLY
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor said on Monday,...

CHEVRON PROFITS DIP OVER SHRINKING ASSET VALUE

CHEVRON POSTS DISAPPOINTING PROFITS OVER SHRINKING ASSET VALUE
American oil major, Chevron has reported disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take...

REFLECTING ON DANGOTE REFINERY AND HELL AWAITING LEKKI RESIDENTS

Like many, I’m excited at the gargantuan Dangote Refinery in Ibeju- Lekki, Lagos reputed as the second-largest refinery project in the...

PETRONAS OPENS BID ROUNDS, OFFERS 14 EXPLORATION BLOCKS, OTHER ASSETS

MALAYSIA’S PETRONAS OFFERS 14 EXPLORATION BLOCKS, DISCOVERIES, LATE-LIFE ASSETS
Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and...

U.S. LAW FIRM TO ADVISE TANZANIA ON LNG PROJECT

TANZANIA CONTRACTS U.S. LAW FIRM AS ADVISOR FOR LNG PROJECT
Tanzania has appointed a U.S-based law firm as its transaction advisor for negotiations with energy companies over the construction of a...
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