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News
Asia Toughs Out Supply Crisis as Markets Battle Uncertainty
3+ day, 15+ hour ago (20+ words) Energy Intelligence Asia Toughs Out Supply Crisis as Markets Battle Uncertainty...
Socar Dives Into US Shale With Haynesville Gas Deal
3+ day, 11+ hour ago (278+ words) Energy Intelligence Socar Dives Into US Shale With Haynesville Gas Deal Azeri national oil company (NOC) Socar is set to make its upstream debut in the US after signing a $1.65 billion deal with Texas-based gas producer Comstock Resources. The deal…...
China's Return to Buying 'Spooks' Crude Market Players
3+ day, 11+ hour ago (293+ words) Energy Intelligence China's Return to Buying 'Spooks' Crude Market Players Chinese buyers are back in the crude oil spot market, threatening a tenuous balance they helped strike earlier in the year when they slowed crude imports and enabled an undersupplied…...
Libya Political Road Map Advances as Insecurity Persists
3+ day, 12+ hour ago (130+ words) Energy Intelligence Libya Political Road Map Advances as Insecurity Persists Libya achieved an important milestone on the path to political stability on Aug. 30, agreeing to hold presidential and parliamentary elections within two years. But persistent drone strikes on hydrocarbon facilities…...
Boom Time for Exploration Off West Africa
3+ day, 12+ hour ago (88+ words) Energy Intelligence Boom Time for Exploration Off West Africa - After a decade of tepid activity, West Africa’s exploration is back with a vengeance: New bid rounds and play-opening wells loom in multiple jurisdictions. - The majors are dominating the action, booking…...
Shell Deepens Angola Push With Two New Blocks
3+ day, 13+ hour ago (46+ words) Energy Intelligence Shell Deepens Angola Push With Two New Blocks Shell and partners QatarEnergy and state-owned Sonangol have signed preliminary "heads of terms" agreements covering risk service contracts for Blocks 8 and 22 in Angola’s offshore Kwanza Basin....
Europe Scrambles for Scarce Diesel Ahead of Winter
3+ day, 17+ hour ago (56+ words) Energy Intelligence Europe Scrambles for Scarce Diesel Ahead of Winter Europe’s pre-winter scramble for diesel is intensifying after renewed Houthi strikes on Saudi Arabia’s Red Sea oil infrastructure amplified market anxiety over yet another of the import-dependent region’s critical supply…...
Resurgent Mideast Hostilities Push Brent Back Over $100
4+ day, 6+ hour ago (51+ words) Energy Intelligence Resurgent Mideast Hostilities Push Brent Back Over $100 Global benchmark Brent crude futures prices shot back over $100 per barrel on Wednesday and US diesel futures hit their highest level in five-plus months as hostilities in the Mideast continue to…...
Stars Align for Russian Pipeline Gas Deliveries to Europe
4+ day, 21+ hour ago (49+ words) Energy Intelligence Stars Align for Russian Pipeline Gas Deliveries to Europe Russian pipeline gas shipments to Europe rose in August as a surge in rival LNG prices and a surge in summer demand made Gazprom’s term contract offtakes more attractive....
Exxon Boosts Angola Rebound Prospects With Block 15 Find
4+ day, 13+ hour ago (44+ words) Energy Intelligence Exxon Boosts Angola Rebound Prospects With Block 15 Find Exxon Mobil has made a new discovery with the Vicango Este-01 well on its deepwater producing Block 15, according to Angolan upstream regulator, ANPG....