What's Affecting Oil Prices This Week? (Jan. 9, 2023)
Oil prices continue to be negatively affected by the economic news and data associated with the U.S., European, Chinese and Russian economies, according to Stratas Advisors, including indicators that the U.S. is moving closer to recession.
Energy Transition in Motion (Week of Jan. 6, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news.
John Hess: Bakken, US Shale to Plateau in Coming Years
Hess Corp. CEO John Hess expects his company’s shale production in the Bakken to plateau at 200,000 boe/d in 2024 and remain steady for eight to 10 years and overall U.S. shale production to flatten in 2025 or 2026.
Petronas Taps JGC, Samsung for Nearshore FLNG Plant
The pair have previously delivered FLNG facilities to the Malaysian operator.
Tokyo Gas' TG Natural Nears $4.6B Deal to Buy Haynesville's Rockcliff
Quantum Energy Partners-backed Rockcliff Energy produces more than 1 Bcf/d of natural gas from East Texas' Haynesville shale formation.
Oil Slides After IMF Says Slowing Growth Engines Portend Tougher 2023
IMF's Kristalina Georgieva said on Jan. 1 that the United States, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global economy.
E&P Highlights: Dec. 30, 2022
Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.
Asian Prices Ease for Second Straight Week, End Year Down 17%
Warmer winter temperatures contributed to ample inventory levels, but "any gas saved today will certainly come in handy next year," says Edmund Siau, LNG analyst at FGE.
Putin Says Russia Now One of China's Leading Oil and Gas Suppliers
In 2022, Russian energy exports to China increased in value by 64% and 10% in volume, said Russia's Deputy Prime Minister Alexander Novak Nov. 29.
China's Sinopec Buys 49% of Thai Oil Retailer Susco Dealer
The investment opens up opportunities to explore low-carbon energy business development.