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OPEC Would Open Arms to Namibia, Encourages Investors to Consider
Thursday 25th of April 2024
OPEC Secretary General Haitham Al Ghais said in a statement on Wednesday that the group is looking forward to the prospect of a partnership with Namibia, the hottest new oil frontier after Guyana, with new discoveries lining up and first production of…
Polish Refiner Cancels Venezuelan Oil Deals as Sanctions Window Closes
Wednesday 24th of April 2024
Polish refiner Orlen has scrapped contracts to purchase Venezuelan crude and oil products after losing millions of U.S. dollars on prepayment for cargoes that haven’t been loaded while a wind-down period of the return of the U.S. sanctions on Venezue…
Oil Giants Seek Stakes in the UAE’s New LNG Export Project
Tuesday 23rd of April 2024
Large international oil and gas companies, including top LNG traders Shell and TotalEnergies, are in discussions to buy stakes in the new LNG export project of the United Arab Emirates (UAE), anonymous sources familiar with the talks told Bloomberg on…
EU Regulator Claims Europe Can’t Afford to Ditch Russian LNG Yet
Monday 22nd of April 2024
Amid calls from some member states, the European Union should be careful in its efforts to ditch Russian LNG as it should protect its security of gas supply, the European Union Agency for the Cooperation of Energy Regulators, ACER, said in a report on…
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