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Turkey aims to increase Syria oil and natural gas production

(Bloomberg) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country. Turkish […]

US crude, product inventories likely fell last week: Reuters poll

Five analysts polled by Reuters estimated on average that crude inventories fell by about 1.9 million barrels in the week to Dec. 20. Crude inventories fell by 934,000 barrels to 421 million barrels in the […]

Golar LNG acquires full ownership of Seatrium FLNG facility in $90 million deal

Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A […]

International oil and gas hiring on the rise amid overall job decline, says GlobalData

The oil & gas industry has seen a dip in active jobs (jobs open for hiring) in 2024, but hiring trends remain relatively better compared to pre-COVID levels. In 2024, countries with high job postings […]

Venture Global’s LNG tanker will likely head to Germany, LSEG data shows

The U.S. is the world’s largest exporter of the superchilled gas and a key provider of gas to Europe in the wake of Russia’s invasion of Ukraine. Plaquemines LNG recently began producing first LNG and […]

Venture Global’s LNG tanker will likely head to Germany, LSEG data shows

The U.S. is the world’s largest exporter of the superchilled gas and a key provider of gas to Europe in the wake of Russia’s invasion of Ukraine. Plaquemines LNG recently began producing first LNG and […]

Gazprom’s gas output to rise to around 416 bcm in 2024

The increase is from an all-time low production in loss-making 2023, when output plummeted by 13% amid a fall in gas exports to Europe, once Gazprom’s primary source of revenue, as relations with the West […]

Russia declares federal emergency over Black Sea oil spill

The tankers were hit by a storm on Dec. 15. One split in half and the other ran aground. The resulting spill has coated sandy beaches at and around Anapa, a popular resort, and caused […]

News

Sanha Project achieves first gas in milestone for Angolan diversification

The Sanha Lean Gas Connection project – situated in Angola’s Benguela province – has achieved first gas production. Spearheaded by the Cabinda Gulf Oil Company – energy major Chevron’s Angolan subsidiary – the project will […]

Oil edges up on China stimulus hopes, US inventory drop

*Global oil flow. – API shows US crude stocks fall 3.2 million barrels, sources say– China to ramp up fiscal support for consumption next year– World Bank raises China’s GDP forecast for 2024, 2025 London […]