Blog
USA: OIL TICKS HIGHER ON INVENTORY DRAW.
Crude oil prices rebounded slightly following the Energy Information Administration's report of a 2.5-million-barrel inventory decrease for the week ending May 10. This shift contrasts with a minor 1.4 million barrel draw the previous week and an unexpected 3.1-million-barrel decrease reported by the American Petroleum Institute earlier.
- 1 year, 1 month
EGYPT SIGNS AGREEMENT WITH NORWEGIAN INSTITUTION TO REDUCE OIL SECTOR EMISSIONS.
The Center of Excellence for Energy Transition, part of Egypt's oil sector, has signed a new Memorandum of Understanding (MoU) with Norway's Carbon Limits to develop strategies for reducing methane emissions in the sector.
- 1 year, 2 months
The Panama Canal is Key to American LNG.
Severe Drought Affects LNG Shipments through Panama Canal, U.S. Producers Seek Alternatives Low water levels caused by severe drought led to extended wait times for LNG carriers in March.
- 1 year, 2 months
SEVERE SOLAR STORM THREATENS DISRUPTION TO POWER GRIDS AND COMMUNICATIONS.
A severe solar storm expected this weekend could disrupt electric power grids, navigation, radio, and satellite operations. The last time Earth experienced a G5 storm, classified as "extreme," was in 2003, resulting in power outages in Sweden and damaged transformers in South Africa.
- 1 year, 2 months
SLB ONESUBSEA, SUBSEA7 SIGN LONG-TERM DEAL WITH EQUINOR.
SLB One Subsea and Subsea7 have announced a long-term strategic collaboration agreement with Equinor and have initiated work on two of its deepwater projects. Under this agreement, the two subsea companies, operating as the Subsea Integration Alliance, will become involved in Equinor projects at an early stage as contractors.
- 1 year, 2 months
WEST AFRICA'S OIL AND GAS RESERVES ATTRACT 3 COMPANIES.
West Africa is drawing the attention of three companies aiming to develop untapped oil and gas fields while incorporating carbon capture technologies. Norway's Carbon Circle has joined forces with Amplus VGE, a joint venture between the UK's Amplus Energy and Nigeria-based Versatile Group.
- 1 year, 2 months
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