Oil & Gas
Oil & Gas
Pause On US Natural Gas Exports Temporary – Energy Secretary
The Biden administration has, in the week ending March 23, 2024, sought so as to reassure sceptical oil as well as gas executives that a pause when it comes to liquified natural gas- LNG exports from the new projects...
Oil & Gas
Low Natural Gas Prices In US Will Persist Through 2024 – EIA
The US Energy Information Administration- EIA anticipates that the benchmark Henry Hub spot price will average around US$2.25 per million Btu in 2024, which is a 10% decrease from 2023 and also a 65% decrease from 2022.
In its March...
Oil & Gas
Despite Natural Gas Low Price, US Gas Producers Are Upbeat
In spite of the multi-year low natural gas prices across the United States, domestic producers go on to be pretty optimistic when it comes to long-term prospects of gas as a fuel, in America and abroad.
The present oversupply in...
Oil & Gas
Budget Boost Saw February Revenue of Russian Oil & Gas Surge
It is well to be noted that Russia’s oil and gas revenue jumped over 80% in February from a year earlier to more than $10 billion because of higher prices for the nation’s crude as its producers went ahead...
Oil & Gas
US Crude & Gasoline Stockpiles Fall As Refining Intensifies
U.S. crude oil stockpiles fell quite unexpectedly in the in the week ending March 15, 2024, as exports rose and refiners went ahead and increased activity, while gasoline inventories decreased more than anticipated, the Energy Information Administration said on...
Oil & Gas
Options To Boost Russian Gas Supplies To China In Works
Gazprom, which is Russia’s state-controlled unit, has begun building a multibillion-dollar natural gas pipeline as it seeks to expand its sources of gas supplies so as to help meet its export commitments to China.
China, with former Soviet republics in...
News & Press Releases
Lubmarine and Maxum Panama Extends its Lubrication Contract with Panama Canal Powerplant until 2026
Lubmarine, a division of TotalEnergies Lubrifiants, has been awarded a 3-year extension for the supply of lubricating oil to the Panama Canal Miraflores power plant located near the canal’s locks, a few miles from Panama City.
Since 2013, Lubmarine -...
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