Latest Stories

LatAmOil: Braskem Idesa JV reports US ethane imports up in September

23 November 2021

Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, saw ethane import volumes climb to an all-time high in September of this year.

AfrOil: TotalEnergies ready to invest billions in Libyan projects

23 November 2021

TotalEnergies (France) has announced plans to invest billions of dollars in Libya’s oil industry.

AsianOil: Woodside takes FIDs on Scarborough and Pluto LNG 2

23 November 2021

Australia’s largest oil and gas producer Woodside has reached final investment decisions for both the Scarborough gas field development as well as the expansion of the Pluto liquefied natural gas facility.

NorthAmOil: US confirms co-ordinated SPR release

23 November 2021

The US announced this week that it would release 50mn barrels of crude from its strategic petroleum reserve (SPR). The move will be co-ordinated with China, India, South Korea, Japan and the UK in a bid to provide relief from high oil prices.

GLNG: LNG trade booms ahead of winter

23 November 2021

The global LNG trade is booming ahead of the Northern Hemisphere winter.

Commercial activity in Turkey grinding to halt amid uncontrolled lira depreciation

23 November 2021

Collapse of currency pushing up prices of imported raw materials. Fertilizer and other producers sitting on output as they cannot determine how prices will develop.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

23 November 2021

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.