(Oil Price) – Europe is expected to import a record-high volume of liquefied natural gas this year as stronger demand for replenishing storage sites, the phase-out of Russian supply, and continued pipeline exports to Ukraine will drive increased demand, the International Energy Agency (IEA) said on Friday. After setting a record in 2025, European LNG imports are poised to reach a
(BOE Report) – Kazakhstan’s energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian country, which is a major energy producer, accounting for around 2% of daily oil supply. In a statement posted on Telegram, the ministry said that the two sides had
(Oil Price) – The acquisition of ChampionX helped the world’s biggest oilfield services provider, SLB (NYSE: SLB), raise its North America revenue by 15% in the fourth quarter versus Q3 despite the softer market in the U.S. shale industry. SLB, which completed the acquisition of chemicals and engineering oilfield services provider ChampionX in the third quarter, saw its North America revenue
(BOE Report) – The U.S. takeover of Venezuela’s oil exports has re-routed crude barrels that were being used to service debt owed to China. How much does Venezuela owe China, and how and why was the country getting debt payments after Venezuela’s default? HOW MUCH DOES VENEZUELA OWE CHINA? Data on Venezuela’s debt is sketchy, particularly since 2017 when U.S.
(World Oil) – Shell Plc and its partners in Nigeria are exploring how to develop a big oil field in the West African nation, a step that could one day see them invest $20 billion in the project, the oil major’s Chief Executive Officer said. “We are indeed working on a project, Bonga South West, that could potentially, if we
(Investing) – WASHINGTON – The United States on Friday imposed sanctions on nine vessels of what is known as the shadow fleet and eight related firms, the U.S. Treasury Department said in a statement, as Washington sought to escalate pressure on Iran over the recent killing of protesters. The Treasury said the vessels and their respective owners or management firms, which
