Well, it is year end 2024, time for all respectable pundits to earn their keep by making predictions or by bloviating on the latest topic somebody has latched onto. So, we approached our favorite pundit, Mr. Question Man, to make his contribution to popular seasonal wisdom. Here is the interview.
Ukraine has identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels moving around the world, with hopes this information (which the west has had for years) will force western authorities to sanction the carriers.
Nigerian offshore oil and gas player Oriental Energy Resources unveiled its new 30,000-bpd, USD 315-million FPSO at an inaugural ceremony in Dubai on Saturday.
Abu Dhabi’s ADNOC has signed a deal to supply 600,000 tonnes per year (tpy) from the Ruwais LNG project to Germany’s EnBW, the Emirati energy player announced on Monday.
The company entered into an agreement with BG Overseas Holdings to acquire all the share capital of Shell Trinidad Central Block, operator of the block for a USD 23 million consideration in cash prior to closing adjustments.
The contract scope covers enabling works, infrastructure and interconnection with existing facilities at ExxonMobil’s adjacent chemicals and refining complex. Worley noted that the contract is subject to ExxonMobil’s FID, regulatory permits and “supportive government policy.”
The European Council on Monday adopted another package of sanctions against Russia and Russia-linked entities over the war in Ukraine, including oil tankers.
Oil slipped as economic data from China reinforced concerns about weakening demand in the world’s biggest crude importer.
Serica Energy plc has secured a 50 percent working interest in licenses P2400 (Skerryvore) and P2634 (Fynn Beauly) in the North Sea, after acquiring Parkmead (E&P) Limited (PUK) from Parkmead Group Plc (Parkmead).
Northern Oil and Gas announced that it has entered a Joint Development Program with one of Appalachia’s most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment from NOG expected not to exceed $160 million for a 15% working interest.