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$40 Could Be Magic Number for Some Oil Players

The $40 per barrel level for West Texas Intermediate crude oil could trigger an uptick in activity among some oil market players, an informed market-watcher…

Militants Kill 8 Subcontractors On Total’s LNG Project In Mozambique

Gunmen have recently killed eight workers from a firm subcontracted by France’s Total to work on its $20-billion liquefied natural gas (LNG) project in Mozambique,…

Texas issued nearly 69% fewer drilling permits in June 2020 than in year prior

The Railroad Commission of Texas issued a total of 312 original drilling permits in June 2020 compared to 1,001 in June 2019. The June 2020…

Golar Power enters alliance with Galileo to promote LNG in Brazil

Golar Power has entered into a strategic alliance with Galileo Technologies, which will provide its Gas 3.0™ Solutions suite: gas conditioning, distributed LNG production, LNG…

API calls for pipeline permit reforms following shutdowns

The American Petroleum Institute released the following statement from President and CEO Mike Sommers in response to the cancellation of the Atlantic Coast Pipeline and…

Brazil’s Oil Giant Has A Creative Solution For Its Gas Flaring Problem

Brazil’s state-owned oil firm Petrobras aims to make better use of the associated natural gas in its prolific oil-rich pre-salt area by having offshore liquefied…

Libya’s Oil Exports Are Set To Fall Even Further

Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end…

$8B Atlantic Coast Gas Pipeline Canceled As Costs Nearly Doubled

Despite a major win on a right-of-way issue at the U.S. Supreme Court last month, the developers of the Atlantic Coast natural gas pipeline are…

Saudis hike oil prices to key markets on rising energy demand

DUBAI (Bloomberg) – Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing…

Total’s CEO Pouyanne plots successful course while competitors stumble

PARIS (Bloomberg) — Europe’s oil giants came into 2020 promising shareholders they can “do it all” — maintain generous dividends, keep the crude flowing and…

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