Industry News
OPEC raises 2024 economic growth projection to 2.9%, sees rising oil demand
OPEC sees strong economic growth for the rest of this year and into 2025, prompting steady demand for its oil over the next few months.
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Company News
Wellesley Petroleum discovers oil and gas at Gnomoria well, offshore Norway
Wellesley Petroleum has confirmed the presence of oil and gas at the Gnomoria appraisal well (35/10-12 S), situated in the North Sea, approximately 100km southwest of Florø, Norway.
Contract News
Vallourec secures contract from TotalEnergies for project offshore AngolaÂ
Vallourec, a provider of tubular solutions, has secured a contract from TotalEnergies for the Kaminho deepwater project in Angola. Â
Deal News
BP, Mitsui, Shell and TotalEnergies to acquire stake in ADNOC’s Ruwais LNG projectÂ
ADNOC has confirmed that bp, Mitsui & Co., Shell, and TotalEnergies will each acquire a 10% stake in the upcoming Ruwais LNG project. Â
Deal News
Woodside secures LNG supply deal with Taiwan’s CPC Corporation Â
Woodside has entered into an agreement (SPA) with CPC Corporation for the supply of liquefied natural gas (LNG) over the next decade. Â
Analyst Comment
Next wave of oil growth could come from Guyana-Suriname, as per GlobalData poll
The oil and gas industry has been the backbone of the world economy for several decades.
Company News
POSCO International launches South Korea’s first non-state LNG terminalÂ
South Korean trading and energy exploration company POSCO International has announced the completion of Gwangyang LNG Terminal 1.Â
Industry News
Saudi Arabia nets $12bn from Aramco share sale after increasing offer
Saudi Arabia has raised $12bn from selling additional shares in state-owned Aramco, after the offering was increased for the power giant.
Industry News
EIA sees electricity demand, gas prices impacting US fuel mix this yearÂ
The EIA sees increased electricity production in US from renewables and coal in H2, due to a 36% rise in natural gas prices compared to H1.
Company News
Shell announces FID for Manatee gas project offshore Trinidad and TobagoÂ
Shell Trinidad and Tobago, a subsidiary of British energy major Shell, has taken the FID on the Manatee gas field.Â