Higher Spot LNG Prices Could Soften Asian Imports This Summer | 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 27, 2024, 5:09 AM CDT While Asia’s LNG imports in May...Continue Reading

Indian Oil Demand Grows Despite Higher Prices | 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 Related News By Irina Slav – May 27, 2024, 3:58 AM CDT India’s crude oil demand has been growing this year despite consistently...Continue Reading

Iran Plans to Boost Oil Output to 4 Million Barrels Per Day | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 27, 2024, 2:30 AM CDT Iran plans to increase its crude oil output to 4 million barrels daily, the country’s Tasnim news agency reported,...Continue Reading

Oil Prices Move Higher as All Eyes Turn to OPEC+ | 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 Related News By Irina Slav – May 27, 2024, 1:46 AM CDT Crude oil prices started this week by moving...Continue Reading

G7’s Awkward Climate Finance Secret | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – May 26, 2024, 4:00 PM CDT What most like to call climate finance is, in fact, not so much help for the world’s poorer nations....Continue Reading

To accelerate field delivery of the subsea tieback to existing infrastructure, SLB OneSubsea will leverage configurable solutions compliant with NCS2017+ for standardized subsea production systems for application in the Norwegian Continental Shelf (NCS). The objective for Troll Phase 3, Stage 2 is to accelerate production from the reservoir equivalent to about 55 Bcmg. SourceContinue Reading

Algeria’s SONATRACH and ExxonMobil signed a Memorandum of Understanding to study existing opportunities to develop oil and gas resources in the Ahnet basin and the Gourara basin, with an emphasis on operational excellence, technological innovation , respect for the environment and best sustainability practices. SourceContinue Reading

The P-84 and P-85 platforms are part of Petrobras’ new generation of FPSO platforms, characterized by a high production capacity that prioritize sustainable practices with innovative technologies. The P-84 and P-85 FPSOs will each have a production capacity of 225,000 bopd and gas processing capacity of 10 MMcmd. SourceContinue Reading

Abu Dhabi National Oil Co.(ADNOC) is likely to reach its 5 MMbpd goal by the end of next year or early 2026, ahead of the 2027 goal the company had set, according to people with knowledge of the operations. The higher capacity will be a potential source of tension as OPEC and its allies deliberates...Continue Reading

The Start Of De-Dollarization: China’s Move Away From The USD | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 26, 2024, 2:00 PM CDT The Chinese renminbi (RMB) is growing in popularity in payments both domestically and globally.  In 2023 the Renmibi...Continue Reading