ABU DHABI, 27th September, 2020 (WAM) — The UAE-Caribbean Renewable Energy Partnership Fund has announced the start of construction for a hurricane-resistant clean energy plant in Antigua and Barbuda to help the twin-island nation recover from the devastating
Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with many of the view points, but still an interesting article.
At UN Climate Week this week, calls have increased for shipping …
Oil & Gas 360 Publishers Note: This is great news that Lebanon and Israel are sitting down in talks mediated by the United States. We have been covering the wide spread conflict between countries in the Mediterranean over the …
London, 25 September (Argus) — A drop in US gas output and increased domestic demand heading into the winter has tightened the US’ supply-demand balance and lifted domestic gas prices, keeping netbacks for delivering LNG to Asian and European …
Egypt is continuing with its program to attract new international companies to research and explore natural gas on its territory. Eight new exploration agreements totaling $ 934 million have just been signed within this framework.
On Tuesday, the Egyptian …
A week after British oil and gas giant BP announced its plan to transition from mainly an oil operator into a clean-energy giant, the company saw its share price drop to a 25-year low.
BP’s shares in London on …
(Bloomberg) –Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.
U.K.-listed EnQuest Plc …
The Government of Newfoundland and Labrador has announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all …
Beijing, 25 September (Argus) — Russia was the top crude supplier to China for a second straight month in August, as deliveries from Saudi Arabia were hit by rising in prices.
China imported 1.37mn b/d from Russia last month, …
London, 24 September (Argus) — Shell is looking to sell its 45pc stake in the Philippines’ Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
The right to extract gas …
360 Feed Wire
OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, will present the major findings of the …
Oil & Gas 360 Publishers Note: Dyukov’s statements appear to be in direct conflict with BP’s top management’s comments this week.
“The pandemic hasn’t gone anywhere… but we are sure that there won’t be such a harsh reaction, first …
MarineLink
Oil & Gas 360 Publishers Note: We have been following this story for some time. The pending disaster will make the Exxon Valdez look like a bathtub ring after a bath. compared to Safer tanker could be 4 times …
WASHINGTON – The United States said on Thursday it had renewed a waiver for Iraq to import Iranian electricity, this time for 60 days to enable Baghdad to take “meaningful actions” to reduce its energy dependence on neighbouring Tehran.…
Market Chatter: Exxon Mobil Reportedly Getting Multiple Bidders for Planned Stake Sale in North Sea Oilfields
(MT Newswires)
Exxon Mobil (XOM) has reportedly attracted a range of suitors for a proposed plan to sell its stake in UK North Sea …
It bought crude oil at an average price of $19 per barrel to fill its reserves in April and May when prices reached an all-time low while the US oil touched negative price levels in futures market.
New Delhi: …
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.
Associations belonging to the International Group of P&I Clubs, …
Oil & Gas
The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and …
Trade Arabia
Australia plans to invest A$18 billion ($13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Monday.
The technology investment roadmap is the latest …
Oil & Gas Publishers Note: This contract termination falls right in line with BP’s plans to morph into a renewable energy company. We covered this on our “BP Week Podcast Series”. This change is also being followed by …
Oil & Gas 360 Publishers Note: As OPEC is having difficulty keeping all of it’s members within agreed production levels, the new developments are a catalyst to review the OPEC’s memberships and partnerships. Should be interesting to follow as …
Oil & Gas 360 Publishers Note: We have been covering the natural gas and political developments in the Mediterranean for quite some time. The new organizations and treaties being signed are all surrounding the participants desire for energy independence. …
JERUSALEM – Seven energy ministers will sign the charter of a new Middle East energy forum that will promote natural gas exports from the eastern Mediterranean to Europe and other markets, Israeli energy officials said on Monday.
“The East …
Reuters
Oil & Gas 360 Publishers Note: With ENI, BP and Shell migrating away from fossil fuels and on to renewables, the question is now being asked: “What will happen to the consumers on all products made with fossil fuels? …
Dubai, 20 September (Argus) — Saudi Arabia’s gasoline stocks fell to more than a six year low in July as a push to keep refinery run rates low coincided with an upswing in domestic gasoline demand with the easing …
Nigeria’s Oando Energy Resources, will be projecting the country’s vast gas potentials and attractive opportunities open to investors as the Africa Oil Week, AOW, gathers regional and international stakeholders.
Already, private investors and key government functionaries across Africa, are …
Saudi energy minister Prince Abdulaziz bin Salman delivered yet another warning to OPEC+ compliance laggards, saying at a Sept. 17 monitoring committee meeting that failing to execute pledged production cuts was undermining the alliance’s efforts to rebalance …
EOG Resources has signed an Exploration and Production Sharing Agreement (EPSA) with the government of the Sultanate of Oman to explore for hydrocarbons in Block 36 in the southwest of the country.
The Block covers an area of 18,556 …
Oil & Gas 360 Publishers Note: If Iraq were able to capture the 30% to 40% discussed in this article, the country would save billions of dollars, and countless lbs of Co2 pollution. As we say on …
