(Bloomberg) – Shell Plc’s subsidiary in Nigeria will begin oil and gas production offshore at the Bonga North floating facility by the end of the decade. SourceContinue Reading

Russian crude oil exports by sea have dropped by 11% from a recent high in October, due to maintenance at the Baltic port of Primorsk, pressure for Russia to align with its OPEC+ quota, and increased sanctions pressure. In the four weeks to December 15, Russia’s seaborne crude exports averaged 3.06 million barrels per day...Continue Reading

Capex trends all demonstrate that investors won’t limit themselves to mature fields: Eyes are on fresh locations, fresh facilities, and fresh opportunities in Africa. African Energy Chamber’s Executive Chairman, NJ Ayuk, gives his take on oil and gas trends in this opinion piece. SourceContinue Reading

Goldman Sachs: Huge Spare Capacity Weighs on Oil Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 17, 2024, 9:30 AM CST Spare oil production capacity at the highest quartile in history is weighing on Brent crude prices, and time spreads have looked undervalued...Continue Reading

ADNOC Drilling has announced the closing of the Turnwell Industries joint venture between ADNOC Drilling, SLB and Patterson-UTI. SourceContinue Reading

Biden Administration Set to Extend Record $15-Billion Loan to PG&E | 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 – Dec 17, 2024, 8:30 AM CST The U.S. Department of Energy has...Continue Reading

Demand Concerns Continue to Weigh on Oil Ahead of Fed Meeting | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Dec 17, 2024, 8:15 AM CST Oil prices are under pressure ahead of the next Federal Reserve meeting, with demand concerns...Continue Reading

Equinor Discovers Oil and Gas Near Troll Field in the North Sea | 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 – Dec 17, 2024, 7:30 AM CST Equinor has made an...Continue Reading

EU Solar Power Growth Slows | 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 – Dec 17, 2024, 6:30 AM CST Solar power installations increased by just 4% this year from 2023,...Continue Reading

U.S. Remains the World’s Top LNG Exporter as Shipments Hit Record 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 – Dec 17, 2024, 5:00 AM CST The United States will...Continue Reading