The overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents an 85 percent increase in production. Qatar has announced new plans to expand output from the world’s biggest natural gas field, saying it will boost capacity to 142 million tonnes per annum (mtpa) before 2030. The…
The US reimposed sanctions after a ban blocking the candidacy of the opposition in Venezuela’s elections was upheld. Venezuela has criticised Washington’s decision to reimpose oil and gas sanctions and warned it could halt deportation flights for Venezuelan migrants who are in the United States without documents. “All of Venezuela…
The structure of the global benchmark Brent crude futures market and some physical markets in Europe and Africa have been reflecting tighter supply partly over concerns about shipping delays as vessels avoid the Red Sea due to missile and drone attacks. The disruptions – which have been the largest to…
In recent weeks, missile and drone attacks on cargo ships crossing the Red Sea have caused the biggest disruption to global trade since the COVID-19 pandemic. Despite delayed supplies, however, oil prices have remained surprisingly stable. In response to Israel’s war on Gaza, Houthi rebels – the Iran-aligned Shia movement…
Some locals flocked to the scene and took the leaking gas from the tanker when it exploded. At least 40 people have died after a gas tanker exploded in northcentral Liberia, the country’s Chief Medical Officer Francis Kateh said on Wednesday. Late Tuesday, a fuel truck crashed in Totota, Lower…
Abuja, Nigeria – On October 30, oil-rich Rivers State, Nigeria’s oil capital, became the latest hub of political drama in the country following the state parliament’s attempted impeachment of Siminalayi Fubara, who had been governor for only five months. The impeachment notice was signed by 24 of 32 lawmakers, all…
Oil minister says the country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts. Angola says it will leave the Organization of the Petroleum Exporting Countries (OPEC) over a disagreement regarding production quotas, a move that will bring the group down to 12 members. Speaking on…
The blast occurred in downtown Conakry, at the only oil terminal in the West African country. At least eight people were killed and 84 injured following a blast at an oil terminal in Guinea’s capital Conakry early on Monday, a senior police officer said. The officer said the toll was…
Travis Dardar, a fisherman and member of the Isle de Jean Charles Tribal Community off the coast of Louisiana, has twice been displaced by fossil fuels. Rising sea levels forced him and his tribal nation to move in 2016 from the island where they had settled in the 1830s to…
Oil-rich countries have pushed back against proposed language that underscores need to move away from fossil fuels. A draft deal at the COP28 climate talks in Dubai stops short of calling on nations to gradually phase out fossil fuels, whose use is the primary driver of climate change and increasingly…
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