The U.S. government had issued a general license for the first time last year authorizing LPG supplies to Venezuela, mainly used in the OPEC nation as cooking fuel, with that license set to expire on July 8.
The FEED “study will finalize the technical solution for the proposed gas and condensate greenfield development in the presalt Campos Basin” before Equinor makes its FID, TechnipFMC said in a press statement.
New Fortress Energy will own 20% of the JV with Apollo Global Management and get $1.1 billion in proceeds from an LNG infrastructure sale.
Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.
OPEC Secretary-general Mohammad Barkindo died late July 5, hours after meeting Nigerian President Muhammadu Buhari and giving the main speech at an energy summit in Abuja.
QatarEnergy’s agreement with Shell this month is the last related to the $28.8 billion North Field East expansion project, the world’s single largest LNG project.
Ecuador’s Petroecuador has recuperated around 91% of its oil production lost in June due to protests over rising food and fuel prices, the state-owned company said on July 4.
While crude exports to “America”—which accounts mainly for the U.S.—were up, Mexico’s state-owned Pemex reported a significant cut in shipments to Europe and Asia.
BW Energy will acquire a 100% working interest in Petrobras' Golfinho and Camarupium clusters interests, as well as Saipem's FPSO Cidade de Vitoria in the Golfinho field offshore Brazil.
Petrobras has experienced an almost constant churn at the CEO position since 2021 stemming from disagreements with Brazil’s President Jair Bolsonaro regarding prices for gasoline and diesel fuel.
