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Pompeo: the US seeks to reduce Europe’s dependence on Russia
The Secretary of state said that Washington not only opposes the “Nord stream-2” gas pipeline but also expands opportunities for delivering LNG to Europe.
read more... 30/09/2020
Long-term gas contract expiries open opportunities for new LNG players
The expiry in the coming years of long-term European gas supply contracts will provide opportunities for new players -- especially from the LNG sector -- to enter the European market, a senior official from the International Energy Agency said Sept. 29.
read more... 30/09/2020
Daily (29.09.2020): British front-month gas prices rallied close to their highest levels this year on colder weather outlook
Crude oil futures rallied to their highest levels since Sept.18 on Monday alongside stronger equities, spurred by expectations for a coronavirus relief-aid package in the United States and stronger demand growth in China. However, concerns about fuel demand due to rising coronavirus cases limited gains. Hence, Brent crude rose by 51 cents, or 1.2%, to end the session at $42.43 a barrel. Meanwhile, U.S. WTI crude gained 35 cents, or 0.9%, to settle at $40.60 a barrel.
read more... 29/09/2020
ONGC’s Hazira plant fire may boost India's LNG imports
A fire at state-owned ONGC's Hazira gas-processing plant in Gujarat, western India, has been extinguished and the operator is making efforts to resume normal operations soon.
read more... 25/09/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020