Shell Sees LNG Sector Growing by 3% Per Year
The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top…
Equinor Exits Vaca Muerta With $1.1 Billion Sale to Vista Energy
Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday…
Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal
Devon Energy and Coterra Energy announced on Monday a definitive agreement to merge and create a premier shale operator in an all-stock transaction, implying a combined enterprise value of about…
Russia Raises Pipeline Gas Supply to Europe via TurkStream
Russia’s natural gas exports via the TurkStream pipeline to Europe jumped by 10.3% in January from a year earlier, Reuters calculations showed on Monday, as Gazprom boosted supply via the…
Kuwait’s Fuel Oil Exports Surge After Al-Zour Refinery Restart
Kuwait exported record volumes of very low sulfur fuel oil (VLSFO) in January after a key refinery restarted full operations following a fire-induced partial outage at the end of last…
Europe’s Russian Gas Ban Is Set to Trigger a New Wave of LNG Tanker Demand
The European Union’s plan to ban LNG imports from Russia will prompt a surge in demand for LNG carriers to the tune of 30 new vessels, a senior Vortexa analyst…
Analysts Explain Energy ‘Bloodbath’
In a statement sent to Rigzone on Monday, Naeem Aslam, CIO of Zaye Capital Markets, said energy’s “bloodbath” today is a “classic risk-premium unwind”. “Trump’s ‘serious talks’ with Iran vaporized…
