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LONDON, Oct 2 (Reuters) – Global fuel oil demand has exceeded expectations in recent years, according to the International Energy Agency and other forecasters. The IEA’s latest medium-term outlook projects that residual fuel oil demand in 2025 will be 4.8% higher than in 2019, compared with a 1.9% increase in gasoline consumption. In contrast, demand …
Global Fuel Oil Demand as Seen in 2025 and in 2020 Read More »
By Curtis Williams and Amanda Stephenson LNG Canada begins process for Train 2 startup -spokesperson Train 1 continues to have technical problems – sources Exports ongoing and flaring on Sept 11 ended – spokesperson Exports fall in September, data show Natgas prices hit record lows amid slow ramp-up of LNG Canada HOUSTON/Calgary Oct 2 (Reuters) …
RIO DE JANEIRO, Oct 2 (Reuters) – BP (BP.L), opens new tab will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major’s country head said on Thursday. The British company, which currently holds 100% of the …
(Reuters) – China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest shale gas project outside …
(Reuters) – An OPEC+ panel stressed the need for achieving full compliance with oil output agreements and extra output cuts that some members are required to make to compensate for earlier exceeding quotas at a meeting on Wednesday, OPEC said in a statement. The online meeting of the Joint Ministerial Monitoring Committee, which includes top …
OPEC+ Panel Stresses Need for Full Compliance With Oil Output Limits Read More »
(Reuters) – New BP Chair Albert Manifold told employees on Tuesday that the group’s portfolio was “overly complex” and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters. Manifold took the helm of BP’s board on Tuesday. He succeeded Helge Lund, …
New BP Chair Manifold Urges Faster Oil and Gas Strategy Shift Read More »
(Reuters) – Venezuela’s oil exports averaged 1.09 million barrels per day (bpd) in September, the highest monthly level since February 2020, according to shipping data and documents from state-run energy company PDVSA. The country has struggled to stabilize oil production and exports since coming under U.S. sanctions in 2019, but rising crude output, sales of …
Venezuela’s Oil Exports Surpass 1 Million bpd for First Time Since 2020, Data Shows Read More »
(Reuters) – Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more crude. September exports via the western ports of Primorsk, Ust-Luga and Novorossiisk rose to 2.5 million barrels per day (bpd), the sources said. …
Russia’s Western Port Oil Exports Up 25% After Drone Attacks Read More »
(Reuters) – Russia plans to increase LNG exports to China from the Arctic LNG 2 and Sakhalin 2 projects, and “serious joint progress” is underway, Russian Energy Minister Sergei Tsivilev told the Expert magazine. Despite Western sanctions, Arctic LNG 2, which is 60% owned by Russia’s Novatek, has been sending out LNG since last year, …
Russia to Increase LNG Exports to China From Arctic and Sakhalin, Energy Minister Says Read More »
By Stephanie Kelly LONDON, Sept 30 (Reuters) – Shell (SHEL.L) has started production from its Victory gas field in the North Sea, which at peak production can heat almost 900,000 homes per year, it said on Tuesday. At full capacity, the gas field can produce about 150 million standard cubic feet per day of gas, …
Shell Starts Production From Victory Gas Field in North Sea Read More »
