This deal involves the Clipper and Leman Alpha offshore field clusters and represents the latest move by major oil and gas companies to exit the aging North Sea basin in favor of more lucrative ventures. SourceContinue Reading
Oil Slides as EIA Reports Crude Inventory Decline, Fuel Builds | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 30, 2024, 10:57 AM CDT Crude oil inventories declined by an estimated 4.2...Continue Reading
The loan for the Scarborough project, which is scheduled to deliver its first LNG shipment in 2026, will come from the Japan Bank for International Cooperation. The public financial institution has stepped-up efforts to secure LNG, including granting loans for fuel purchases. SourceContinue Reading
Germany to Ditch Controversial Tax on Gas Transit in 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 30, 2024, 10:30 AM CDT Germany will abolish from 2025 a controversial levy on natural gas storage which countries in central Europe have had to pay...Continue Reading
Algeria is stepping up exploration efforts and has made eight large discoveries so far this year, with the aim of raising production to 200 Bcm a year in the short to medium term from 137 Bcm currently. SourceContinue Reading
The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from the Strategic Petroleum Reserve to tamp down gasoline prices amid forecasts for a spike this summer. SourceContinue Reading
World’s Largest Nuclear Plant Remains Idle Despite Energy Crisis | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 30, 2024, 10:00 AM CDT Kashiwazaki Kariwa, once a central player in Japan’s nuclear energy goals, has been idle since the 2011 Fukushima disaster....Continue Reading
BHP Abandons Anglo American Takeover Talks | 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 – May 30, 2024, 9:00 AM CDT BHP abandoned its pursuit of Anglo...Continue Reading
Strong Indian Purchases Push Asia’s Crude Imports to One-Year High | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – May 30, 2024, 9:30 AM CDT Record-high crude imports in India have...Continue Reading
Chevron Close to Signing Natural Gas Exploration Deal With Algeria | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 30, 2024, 8:30 AM CDT Algeria’s state-owned energy firm Sonatrach expects to sign in the coming days an agreement with Chevron that is set to boost...Continue Reading
