Industry News

French LNG imports soar as Australia and United States boost capacity

French liquefied natural gas (LNG) imports soared last year as Australia, the U.S. and Russia brought more LNG to world markets, French gas network operator GRTgaz said.

Saudi Aramco eyes multi-billion-dollar US gas acquisitions

Saudi Aramco, the world's top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend "billions of dollars" there as it aims to become a global gas player, the company's CEO said.

China imports record LNG supplies in Dec, remains world's No.2 buyer in 2018

SINGAPORE, (Reuters) - China's imports of liquefied natural gas (LNG) in December soared 25% from the same period a year earlier to a monthly record of 6.29 metric MMt, customs data showed on Wednesday.

U.S. ban may offer China and India feast of cheap Venezuelan oil

A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.

Cracks appear in record U.S. oil growth as shale slows for now

Cracks are emerging in the U.S. oil machine.

Azinor Catalyst hits again at Agar-Plantain

The prospect could have recoverable reserves of up to 50mn barrels

Canadian oil sand producers throw new tech at old foe

CALGARY (Bloomberg) -- In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their thick bitumen to flow through pipelines more easily and cheaply.

Oil falters as U.S. shutdown, China trade cast pall over economy

Crude prices fell to the lowest level in almost a week as China warned of “serious challenges” to the global economy and the U.S. government shutdown cast a pall over growth.

Halliburton plans to reduce capital spending in fourth-quarter report

Halliburton Company has reported income from continuing operations of $664 million, or $0.76 per diluted share, for fourth-quarter 2018. This compares to income from continuing operations for the third quarter of 2018 of $435 million, or $0.50 per diluted share.

Confident oil industry set to ratchet up spending in 2019

After years of gloom, the oil industry’s out of its slump.

Oil slumps most in a month as IMF, trade dispute darken outlook

Oil slumped by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market.

Halliburton feels U.S. fracing slowdown more acutely

The world’s biggest oilfield service companies are feeling the U.S. fracing slowdown as shale producers slash spending forecasts.

Libya's stepping stone to normality

Eni leads a return to oil exploration in Libya for the first time since the 2011 Arab Spring revolution

Canada divided by carbon conundrum

Canada’s plans for raising carbon tax face mounting political and popular opposition

At least 66 Killed in Mexico Blast after Thieves Rupture Pipeline

At least 66 people were killed and dozens were injured or missing after a gasoline pipeline was tapped by thieves and exploded in central Mexico. The tragedy came just three weeks after President Lopez Obrador launched an offensive against fuel theft gangs

Freedom Oil & Gas has announced new leadership with industry veteran

Freedom Oil & Gas Ltd has announced that effective Jan. 14, 2019, J. Russell Porter will be joining the company as president, CEO, and a member of the board of directors. J. Michael Yeager, Freedom's chairman of the board, president and CEO will remain as non-executive chairman.