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HomeCrude Oil News

Crude Oil News

Crude Oil News

JERA buys 15.1% stake in Scarborough gas field for $1.4bn

February 23, 2024 Mariel Alumit

Woodside Japan’s largest utility JERA has entered into an agreement with Australia’s Woodside to acquire a participation interest in the Scarborough gas field. JERA bought a 15.1% participating interest in the Scarborough gas field development […]

Crude Oil News

CNN’s Attempt To Smear India For Purchasing Russian Oil Fell Flat

February 22, 2024 Stu Turley

The Ukrainian Conflict is being decided on the battlefield, not on bank ledgers, which is why CNN’s innuendo about India financially fueling Russia’s participation in its proxy war with NATO in Ukraine falls flat. That […]

Climate Crisis

Daily Energy Standup Episode #314 – Russia’s LNG Ambitions: A Game-Changer for Global Energy Markets

February 22, 2024 Andy Del Prado

Daily Standup Top Stories Russia to triple LNG exports by 2030 – deputy PM February 21, 2024 Mariel Alumit The country now ranks fourth in the world in terms of liquefied natural gas sales, according to […]

Houthis
Crude Oil News

World Trade Concerns as Red Sea Shipping Slows

February 21, 2024 Stu Turley

Shipping giant Maersk announced they would implement a shipping freeze in their trade routes in the Red Sea due to a high seas attack from Yemen-based Houthi militants. Despite the best efforts in the volatile Red Sea, […]

Crude Oil News

Daily Energy Standup Episode #313 – Wind Farms Paid to Stay Offline and China’s Real Estate Woes: Affecting Oil Demand Dynamics

February 21, 2024 Andy Del Prado

Daily Standup Top Stories Two Wind Farms Received Over $100 Million To Switch Off February 20, 2024 Mariel Alumit Regular readers will know that I have long been concerned over the extraordinary level of payments to […]

US
Crude Oil News

The Kremlin has never been richer – thanks to a US strategic partner

February 20, 2024 Mariel Alumit

CNN — Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that […]

U.S. Oil Production
Big Oil Companies

Charting the Course of U.S. Oil Production

February 19, 2024 Mariel Alumit

As the largest oil producer in the world, the health of the U.S. oil industry has a major impact on global oil markets. Despite technological gains and increased production, challenges like economic slowdowns and equipment […]

Oil and gas industry
Crude Oil News

GlobalData: Oil and gas industry shows resilience amidst shifting market dynamics

February 19, 2024 Mariel Alumit

(WO) – Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 2023 to 1,172 in Q4 2023. Despite this […]

Morgan E&P
Crude Oil News

Morgan E&P achieves oil production from Bakken wells following drilling campaign

February 19, 2024 Mariel Alumit

(WO) –Morgan E&P, LLC, a wholly-owned subsidiary of Equus, has completed its first two wells in Billings County, North Dakota, the Baranko 1-28H and the Obrigewitch 1-33H. Morgan received its drilling permits from the North […]

Magni Partners
Crude Oil News

Magni Partners books more VLCCs in China

February 19, 2024 Mariel Alumit

Tor Olav Troim’s firm Magni Partners has ordered two more LNG-powered very large crude carriers in China, according to brokers. The management consulting company ordered two 320,000-dwt LNG dual-fuel VLCCs at China’s New Times Shipbuilding, […]

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