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Home2023

Year: 2023

Crude Oil News

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

November 29, 2023 Stu Turley

Yahoo Finance NEW YORK – Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude […]

EU tire giant
Energy Crisis

EU tire giant to cut production in crisis-hit Germany

November 29, 2023 Stu Turley

The country’s competitiveness as an industrial location has been undermined, Michelin said French tire giant Michelin will slash over 1,500 jobs in Germany by 2025, as competition from lower-wage nations and soaring energy prices make […]

OPEC+
Crude Oil News

OPEC+ looking at deeper oil cuts ahead of Thursday meeting

November 29, 2023 Stu Turley

Today LONDON :OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. Source: Reuters Several […]

ESG loan
ESG

ESG loan bubble close to bursting

November 29, 2023 Stu Turley

Oil Price Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion. But now, as scrutiny comes for sustainability claims […]

Oil executives flock to Venezuela
Big Oil Companies

Oil executives flock to Venezuela despite sanctions relief uncertainty

November 29, 2023 Stu Turley

World Oil (Bloomberg) – Oil executives are flocking to Venezuela to take advantage of lighter U.S. sanctions, even though there’s a risk that access to the world’s largest oil reserves might snap shut as quickly […]

oil and gas auctions
Crude Oil News

US kicks off a spate of oil and gas auctions just as COP28 gets underway

November 29, 2023 Stu Turley

Nasdaq The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a […]

Grangemouth closure
Natural Gas

Grangemouth closure has echoes of Rough gas storage

November 29, 2023 Stu Turley

Eighteen months ago I wrote a blog entitled: Cakism in energy policy begins to bite which gained a lot of attention, in which I pointed out that policy-makers tend to want to have their cake […]

Commonwealth LNG
LNG

Commonwealth LNG inks carbon capture and storage pact

November 29, 2023 Stu Turley

Commonwealth LNG has entered into a deal with OnStream CO2 for a carbon capture and storage solution at its 9.3 mtpa LNG facility under development in Cameron, Louisiana. OnStream CO2 is a joint venture between Carbonvert […]

SFL
Exports

SFL takes delivery of second LNG-powered PCTC chartered by Volkswagen

November 29, 2023 Stu Turley

China’s Guangzhou Shipyard International (GSI) delivered SFL Corporation’s LNG dual-fuel pure car and truck carrier, Wolfsburg. CSSC’s GSI handed over the vessel with a capacity of 7,000 units to John Fredriksen-controlled SFL on November 27. […]

Indonesia’s Lampung FSRU
International News

Indonesia’s Lampung FSRU wraps up 52nd STS LNG transfer

November 29, 2023 Stu Turley

Hoegh LNG’s Lampung FSRU serving Pertamina’s Perusahaan Gas Negara off the southeast coast of Sumatra in Indonesia has completed its 52nd ship-to-ship operation since it started operations in 2014. PGN LNG, a unit of PGN […]

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