Colorado should ignore SMRs and carbon capture ‘and focus on renewables’
Colorado should not pursue small modular reactors or carbon capture and storage projects but opt for quickly installed renewable energies, according to a report from the think tank, The Institute…
Rio Grande LNG Train 5 reaches financial close
Rio Grande LNG Train 5 has reached final investment decision (FID), a month after Train 4. A statement from NextDecade Corporation – which holds a 50% stake in the project…
BofA Sees Oil Price Floor ‘Likely Forming at $55’
A BofA Global Research report sent to Rigzone by the BofA team recently noted that BofA sees “a[n] [oil price] floor likely forming at $55 per barrel”. That report also…
Africa’s Largest Refinery Faces Setbacks in Gasoline Production
Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational…
MariEnergies discovers oil at Shawal-1 exploration well in Pakistan
MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari…
MariEnergies discovers oil at Shawal-1 exploration well in Pakistan
MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production Lease (Mari D&PL) in Sindh Province, Pakistan. The company operates the…
Saudi Aramco: Underinvestment Could Lead to Oil Supply Crunch
The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state…
India Set to Boost LPG Imports from U.S.
In a move to help the chances of a trade deal with the United States, India intends to raise imports of U.S. liquefied petroleum gas (LPG) and reduce such purchases…
India Says Consumers Are Priority Amid U.S. Pressure to Cut Russian Oil
India is prioritizing the interest of its consumers in its policies to source energy products, the Indian Foreign Ministry said on Thursday, after U.S. President Donald Trump said on Wednesday…
