Europe has stepped up imports of liquefied natural gas in recent weeks, especially LNG from the United States, where the benchmark gas prices at Henry Hub are significantly lower compared to the European benchmark, the Dutch TTF Natural Gas Futures.
Guyana has become notorious for its vast offshore oil reserves, but there is natural gas there, too. For now, this is being injected back into the wells operated by Exxon, Hess, and CNOOC, to maintain pressure. Yet the authorities in Georgetown have plans—and these plans feature LNG.
Two weeks ago, U.S. oil and gas giant, Exxon Mobil Corp. (NYSE:XOM) announced it had reached 500M barrels of oil produced from Guyana’s offshore Stabroek block, just five years after it kicked off production at the location.
The current crisis stems from China’s dominance in both global antimony production and refining. China, Russia, and Tajikistan control 85% of the world’s antimony supply.
Angola plans to start the production of natural gas not associated with oil, from 2025, through the New Gas Consortium (NCG), the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo has announced as carried by Angola News Agency.
The Nigerian National Petroleum Company (NNPC) Ltd on Tuesday announced that it has began operation of the Port Harcourt Refinery and delivering petroleum products onto the market.
Springfield E&P, a wholly-owned Ghanaian upstream petroleum player, has described the result of its recent appraisal of Afina-1x block located offshore, WCTP-2, as positive and impressive
The 15 million tonnes per annum Golden Pass LNG scheme is a joint venture between state-owned QatarEnergy and US supermajor ExxonMobil.
Sapura confirmed the award of a contract for the provision of Pan Malaysia offshore maintenance, construction, modification, and hook-up and commissioning services, dubbed Package C2 (Sarawak asset oil).
“ADNOC continuously explores strategic opportunities to drive further growth and prioritise shareholder value, including in ADNOC Gas,” the state energy firm said in a statement.