Brazil’s Petrobras confirms gas discovery off Colombia
Brazilian state-run oil firm Petrobras confirmed on Monday a natural gas discovery off Colombia‘s coast, an area where it believes it could find enough gas to...
Category : Oil Economy
Gas boom as Southeast Asia moves close to US$100 billion-worth by 2028 – Rystad
Offshore gas production in Southeast Asia may be adding close to a US$100 billion to raise the country’s economic fortunes, to be driven by a...
Russia to supply 40 Bcm of gas to China in 2024
Russia is set to supply a record volume of gas to China this year, with expectant deliveries to reach some 40 Bcm, Igor Sechin, the...
World oil demand decelerates, easing 710 kb/d year-on-year – slowest quarterly increase since 4Q22
The question among industry analysts particularly since the war against fossil fuels by certain die-hard net-zero emissions exponents and believers began is whether the world...
Global gas demand to rise by 2.5% in 2024 – IEA
Combined gas demand for the Middle East region and Africa to continue to rise 3 percent annually by 2024 Global gas demand is expected to...
Less gas consumption in Europe is impacting storage tanks
Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural...
Woodside goes all-in on LNG with brave Tellurian buy
Australia’s Woodside Energy wants to become one of the world’s largest independent producers of liquefied natural gas (LNG). In itself, this is not a bad...
Kuwait Announces Massive Offshore Oil and Gas Discovery
One of the Middle East’s largest oil producers, Kuwait, announced on Sunday a “huge” discovery of oil and associated gas in an offshore field east of...
Middle East Oil Benefits As China Buys Less African Crude
China has long been building inroads into Africa, while the U.S. backs down from the region, leaving a gaping hole in the West’s influence over...