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Mozambique’s FLNG comes online
BP loads first cargo Italian energy company Eni said Wednesday that Mozambique’s president was on hand for an inauguration ceremony marking the first shipment of liquefied natural gas from the nation. President Filipe Jacinto Nyusi visited the Corul-Sul floating liquefied…
EU considering $62/bbl for Russian oil cap
European Union states debated whether to set a price cap as low as $62 a barrel on exports of Russian crude oil after several countries demanded a level that could put more pressure on Moscow, but the talks remain stuck,…
Biden relaxes sanctions on Venezuela, Chevron to resume ops
The U.S. government is allowing Chevron to pump Venezuelan oil, following an agreement signed by representatives of President Nicolás Maduro and the opposition aimed at helping Venezuela out of its crisis. Venezuela’s government and its opposition on Saturday agreed to…
Venezuela in deal to restore democracy, open up economy
Venezuela’s government and opposition have asked the United Nations to manage a fund for billions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico…
Refinery crunch pushes global diesel crisis
Inability of the global midstream capacity to produce adequate distillate fuels is behind the global supply crisis rocking industries that are fired with diesel and kerosene, mainly the transport and logistics industries. And the prevailing supply crisis and acute shortage…
Kanye West in race for US President
Amid his ongoing controversies, Kanye West has officially thrown his hat in the ring for the 2024 presidential election. The 45 year old unstable music rapper and Yeezy fashion brand owner launched his campaign on his Twitter account which was…
Dollar crunch: Ghana to barter oil with gold
Government of Ghana says it is working on a new policy to buy oil products with gold rather than U.S. dollar reserves in order to save the local cedi from freefall, curb inflation and level the country’s balance of payment…
China’s Sinopec lands $60 bn LNG deal with Qatar Energy
China’s Sinopec on Monday concluded a $60 billion long term gas sales and supply agreement with the Middle East’s largest gas factor, Qatar Energy, setting a benchmark for the world’s biggest transactions for largest volumes of supply. Under the terms…
Gas scramble: Japan says LNG is sold out until 2026
The Japanese Ministry of Trade has sounded alarm of medium term gas crunch, pointing out that long-term contracts fLNGor liquefied natural gas shipments are sold out until 2026 due to limited liquefaction capacity at a time Europe unplugged from Russian…
Interpol arrest warrant for Angola’s dos Santos
Global police agency Interpol has issued an international arrest warrant for Angolan billionaire and daughter of the country’s former president Isabel dos Santos, Portugal’s Lusa news agency reported weekend. According to Lusa, citing an official document, the INTERPOL warrant was…
