Honeywell to supply Commonwealth LNG in Louisiana
US industrial giant Honeywell has won a contract to supply integrated liquefied natural gas (LNG) pretreatment and liquefaction solutions for Commonwealth LNG’s planned export facility in Cameron Parish, Louisiana. A…
Shell Returns to Angola as Oil Majors Circle a Declining Basin
Shell is making a quiet but pointed return to Angola’s offshore oil patch, signing a deal to acquire a 35% stake in two deepwater blocks from a Chevron subsidiary, as…
Oil ETFs Rise as Investors Hedge Crude Futures Exposure
The most traded U.S.-listed oil exchange-traded funds opened higher on Tuesday, closely tracking a small rise in oil futures, as investors weigh Venezuela’s short-term supply and hedge exposure to the…
Top Oil Traders Eye Swift Return to Venezuela
Some of the biggest international oil trading houses, including Trafigura Group, will discuss with the U.S. Administration returning to oil trade with Venezuela, the global head of Trafigura’s oil division,…
Trump Sees U.S. Oil Firms Operating in Venezuela Within 18 Months
U.S. oil companies could be “up and running” in Venezuela’s oil sector within 18 months, U.S. President Donald Trump told NBC News days after U.S. forces extracted Nicolas Maduro out…
U.S. Embargo Halts Venezuela Oil Shipments to Key Asian Buyers
Venezuela’s state oil firm PDVSA has been unable to ship oil cargoes to Asia for the fifth consecutive day on Tuesday, as the U.S. “oil quarantine” of Venezuela continues, according…
Saudi Arabia Slashes Oil Prices to Asia for Third Straight Month
Saudi Arabia has cut the price of its flagship crude grade Arab Light loading for Asia in February, in the third consecutive monthly reduction amid ample supply and weakened Middle…
European Energy Giants Chase $6 Billion Debt from Venezuela
Italy’s Eni and Spain’s Repsol, two of the largest European energy companies, are struggling to recover about $6 billion from Venezuela for the gas and naphtha they have supplied to…
Oil Prices Could Slip to $50 a Barrel by June
Oil prices are set to continue their downward trajectory and slid to as low as $50 per barrel Brent by the middle of this year, amid ample supply, according to…
China Is Now Buying Less Venezuelan Oil
Chinese oil buyers have reduced their intake of Venezuelan oil as the discount between Brent and the country’s flagship Merey crude shrank from $15 per barrel last month to $13…
