Despite an oversupplied market, the British wholesale gas prices rose on Wednesday following an unplanned outage at a gas field which was extended. Recall that gas price was 0.59 pence higher at 32.10 p/therm months ago. National Grid data showed that the system is oversupplied with demand forecast at 144.8 million cubic metres (mcm) and supply…
The nation of Equinor has acquired over 50% stake in Argentina’s largest offshore block, CAN 100, as part of its collaboration with Argentina state-controlled oil firm YPF, the Norwegian company said on Wednesday.
US oil and gas company, ExxonMobil and ENI have revealed that they plan to open four exploratory wells off the Zambezi Delta in Mozambique in 2020. According to Carlos Zacarias, chairperson of the National Petroleum Institute (INP), the wells which were among those covered by the fifth licensing round, launched by the government in 2014 will be…
The nation of Uganda has made known its second licensing round in 2019 which is to cover about five blocks in Albertine Carbon to increase international investment into the country’s oil-rich energy sector.
Saudi Arabia, the world’s top crude oil exporter, has devised new plans to increase its oil prices through the cutting of its production and shipments.
China National Petroleum Corporation (CNPC) has negated plans to load about five million barrels of Venezuelan oil this month, due to strong sanctions from the United States according to Qatar News Agency.
The Hasbah gas field in Jubail, Saudi Arabia is currently undergoing an enlargement project called the “Hashbah offshore gas facilities increment II”.
Data released by Energy Information Administration, (EIA) has revealed that U.S natural gas production continued to increase in August despite relatively low natural gas spot prices, setting a new daily production record of 92.1 bcfd on August 5, 2019.
The Principal Secretary in the State Department of Petroleum, Ministry of Energy and Petroleum Government of Kenya, Andrew Kamau has revealed that the country is ready to endorse the acquisition of offshore oil and gas exploration blocks by Qatar Petroleum, a state-owned company of the energy-rich Arab nation.
Trafigura Trading LLC and Buckeye Partners L.P make its first delivery of Permain Crude Oil from all American’s Cactus II pipeline at the Buckeye Texas Partner terminal in Corpus Christi, Texas.