LNG trading was a crucial component in oil majors’ Q3 earnings
The Department of Energy has added a mere 5 million barrels to the reserve thus far this year.
The United States became the world’s largest natural gas producer in a matter of years.
In a world where some commentators speculate that there is a glut of energy and distillate products as a result of high oil prices, sliding China demand and a looming global recession, Argentina will take the under: as La Nacion reports, on Wednesday refiners and retailers hiked prices between 7.6% and 9.6%, amid what is shaping up as a historic energy crisis.
BP has brought on stream the Seagull oil and gas field in the UK North Sea.
After falling for the first three days of the week, oil prices have started to recover after both the Federal Reserve and Bank of England decided not to hike interest rates.
Despite the falling and flatlining rig count, U.S. crude oil production managed to hit a monthly record-high in August 2023, boosted by productivity gains and more efficient operations.
Oslo-listed oilo and gas independent Panoro Energy has announced a commercial oil discovery at the Hibiscus South well offshore Gabon.
The refinery began the commissioning process in May this year after running years behind schedule at a cost of US$19 billion, above initial estimates of US$12-14 billion
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years.