(Oil Price) – As several countries invest in expanding their liquid natural gas (LNG) production and export capacity, and significant quantities of the gas are expected to come online in 2026 after a record 2025, supply could soon outpace demand. This begs the question: just how much LNG is needed to “fill the gap” as the world develops its renewable energy
(BOE Report) – In a downtown Houston bar, Matthew Goitia, a director at Pelorus Terminals, lays out his early idea to refurbish and build marine terminals that can blend and export crude and ship chemical products in Venezuela. The ambitious plan he estimates would cost $250 million to $1 billion requires him to refurbish an existing crude oil marine terminal
(World Oil) – More than 80 national, state and local energy, business and manufacturing organizations have submitted comments supporting the U.S. Department of the Interior’s (DOI) 11th National Oil and Gas Leasing Draft Proposed Program, calling for expanded and predictable access to federal offshore acreage. The coalition, led by the American Petroleum Institute (API), urged the Bureau of Ocean Energy Management (BOEM)
(Oil & Gas 360) – Europe positions itself as the global driver of the decarbonisation agenda. Ambitious targets, regulatory reform and large-scale public funding define the direction. Yet behind the strategy, project pipelines narrow, execution slows down and many initiatives struggle to progress beyond early development. The gap between ambition and delivery continues to widen, making execution-level insight increasingly relevant. At
(Oil Price) – A joint venture operated by U.S. supermajor Chevron has made an oil and gas discovery offshore Nigeria as international majors bolster exploration amid the top African producer’s efforts to boost hydrocarbon output and offer more favorable terms for investments. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Monday commended Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL
(BOE Report) – U.S. natural gas futures soared by a record 89% over five days to a three-year high on Monday after an Arctic blast at the weekend froze oil and gas wells, cutting gas production to a two-year low on Sunday. On Monday, front-month gas futures for February delivery on the New York Mercantile Exchange (NYMEX) rose 64.3 cents,
(Investing) – Oil prices edged marginally lower Monday, consolidating after strong gains at the end of last week as investors weighed concerns about a potential supply glut against heightened geopolitical risks and awaited signals from a key Federal Reserve policy meeting later this week. At 08:15 ET (13:15 GMT), Brent oil futures expiring in March edged down 0.2% to $64.97 per barrel
