Chevron discovers oil and gas condensate in Angola’s Block 0
Chevron, through its subsidiary Cabinda Gulf Oil Company (CABGOC), has discovered oil and gas condensate at the 105-4X exploration well in Block 0 offshore Angola.
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ExxonMobil awards $1.1bn pre-FID contracts for Rovuma LNG phase one
ExxonMobil Moçambique has awarded around $1.1bn in pre-investment contracts for Phase 1 of the Rovuma LNG project located in Cabo Delgado, Mozambique.
Read Full ArticleBrent Tops $91 After Unidentified Projectile Hits Vessel Transiting Hormuz
A cargo vessel was struck by an unknown projectile in the Strait of Hormuz early on Tuesday local time as risks of additional escalation in …
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WhiteWater and partners approve FID for Solitude Pipeline System
WhiteWater along with its joint venture (JV) partners Devon Energy, Diamondback Energy, Western Midstream Partners (WES), and MPLX have reached a final investment decision (FID) …
Read Full ArticleChina Boosts Fuel Exports as Domestic Stockpiles Swell
China exported 6.7% more fuel last month than it did in June, although on an annual basis fuel exports dropped by 12.9%, Reuters reported today, …
Read Full ArticleLibya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd
Libya needs between $36 billion and $40 billion in foreign investment to expand its oil industry and raise output to 2 million barrels daily by …
Read Full ArticleU.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records
Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East even more distant, driving crude oil prices …
Read Full ArticleNorth America’s Only Cesium Project Moves Closer to Production
Power Metals is advancing what it describes as North America’s only cesium project at a time when America’s defense ambitions are colliding with the reality …
Read Full ArticleU.S. Shale Majors Cut Spending Despite Higher Oil Prices
U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take advantage of higher international oil prices to reduce …
Read Full ArticleAutomation Could Start Eating Into U.S. Diesel Demand
The rise of automation, AI, and electric trucks can fundamentally change the freight transportation industry in the United States, leading to a revolution in transport …
Read Full ArticleWhy Libya’s Next Oil Pipeline Could Be a Geopolitical Game-Changer
The proposed Libya–Egypt crude oil pipeline has, surprisingly quickly, entered a phase in which Cairo and Tripoli are actively discussing it. The pipeline, expected to …
Read Full ArticleThe Next Energy Crisis Could Be a Water Crisis
Strategic shortfalls? Maybe in getting cobalt out of the Congo or rare earth powders from China or natural gas from Russia or oil from the …
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