
API data reveals huge rise in US crude oil inventories
Crude oil inventories in the US rose by 10.9 million barrels during the week ended Oct. 4, said data from the American Petroleum Institute.

Crude oil inventories in the US rose by 10.9 million barrels during the week ended Oct. 4, said data from the American Petroleum Institute.

Eni has entered into a multi-year charter agreement with Avenir LNG for the Avenir Aspiration, a 7,500m3 LNG bunker vessel.

EIA lowers previously published demand level for global oil next year, on the back of weakening economic activity in both America and China.

A final ruling has been delivered in favour of BP, affirming its position as the exclusive buyer of LNG from the GTA LNG project.

QatarEnergy has entered a 20-year naphtha supply agreement with Shell’s Singapore-based unit Shell International Eastern Trading Company.

Petrofac has expanded its presence in Africa by securing a new with Marathon Oil for operations in Equatorial Guinea.

Woodside Energy has finalised the acquisition of Tellurian, a US-based LNG company, for $1.2bn, which includes the assumption of debt.

Israel’s NewMed Energy has announced that the planned expansion of the Leviathan gas field has been delayed by six months.

China National Offshore Oil Corporation has announced the commencement of production from the Bozhong 19-2 oilfield development project.

Libya’s oil production has risen above one million barrels a day (bpd) for the first time since August.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.