VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. SourceContinue Reading
(Bloomberg) – Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year. SourceContinue Reading
Global Economy Faces $5.7 Trillion Loss from Decoupling | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jan 23, 2025, 1:00 PM CST Economic decoupling between western...Continue Reading
Trump and Putin: Deal in the Making or a High-Stakes Standoff? | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 23, 2025, 12:00 PM CST Trump’s...Continue Reading
In a twist that is perhaps surprising even for the labyrinth of Iraqi politics, the Kurdistan Regional Government (KRG) has found itself blindsided by a delayed parliamentary vote on oil production costs. Despite earlier agreements, the Iraqi parliament opted to hit the brakes on approving the $16-per-barrel production and transport fee proposed in November, throwing...Continue Reading
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. SourceContinue Reading
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory dip of 1 million barrels for the week to January 17. In fuels, the EIA estimated mixed changes. The change in crude inventories compared with a draw of 2 million barrels for the previous week, which also saw another round...Continue Reading
China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude production clocked in at 213...Continue Reading
Indonesia Plans to Defer LNG Cargoes as Domestic Demand Grows | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 23, 2025, 10:30 AM CST LNG exporter Indonesia has asked its buyers to accept delays to Indonesian LNG cargo exports this year, as the Southeast Asian...Continue Reading
Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. SourceContinue Reading
