Author: majorwavesen

Global LNG – Asian Spot Prices Inch Up As Market Eyes Australia Strikes, Freeport Asian spot liquefied natural gas (LNG) prices inched up this week amid supply concerns as workers at Chevron’s Australia LNG projects escalated industrial action and as feedgas intake at U.S. Freeport dropped below normal capacity. The average LNG price for October…

US Drillers Add Most Oil and Gas Rigs since November -Baker Hughes The oil and gas rig count, an early indicator of future output, rose nine to 641 in the week to Sept. 15, its highest since mid-August. Despite this week’s rig increase, Baker Hughes said the total count was still down 122, or 16%,…

NGA Organises Learning Solutions Training Program The Nigeria Gas Association (NGA) Learning Solutions is a certificated course/training program with an objective to provide a comprehensive insight into the Nigerian gas sector, and enable participants to develop a greater understanding, interest and appreciation of the Nigerian Gas Industry Value Chain. With the recent implementation of the…

Global Crude Loadings Slump to the Lowest Level since June 2022 Global loadings of crude and condensate plunged in August to the lowest level since June 2022, led by a slump in Saudi Arabia’s cargo loadings, Vortexa said in a note this week. Global supply is tightening, while China’s crude imports are recovering, according to…

China’s Refinery Throughput Jumps to Record Highs High margins on the export markets and peak domestic summer demand prompted China’s refiners to boost crude oil processing to a record-high 15.23 million barrels per day (bpd) in August, official Chinese data showed on Friday. The total throughput jumped last month by 19.6% compared to August 2022,…

ANRE Fines Gazprom Unit $1.9 Million  Moldova’s energy regulator ANRE has fined a unit of Russia’s Gazprom $1.9 million for not complying with a requirement on the separation of gas transporting activities from those of a supplier, it said on Friday. ANRE said Moldovatransgaz, a subsidiary of Moldovagaz in which Gazprom owns a 50% stake,…

Eni Wins Second UK Carbon Storage Licence Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday. The new licence is for the depleted Hewett gas field located 20 kilometres (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain. It follows the one…