Market-moving news and intelligence across global energy markets.
Mozambique's Rovuma LNG project, valued at $30 billion, moves closer to FID with Saipem confirming a preliminary engineering and procurement award.
Argentina's shale output surged 28% year-on-year, making it a net energy exporter with a $7.8 billion surplus, driven by Vaca Muerta and global oil prices.
ExxonMobil has awarded McDermott a Letter of Intent for engineering and procurement services for the Rovuma LNG Phase 1 development in Mozambique.
Abu Dhabi National Oil Co. (ADNOC) invested $1.3 billion to nearly double its VLCC fleet, signaling aggressive crude export growth after the UAE's OPEC dep
OPEC+ completed its 2023 production cut reversal, but geopolitical risks and constrained Gulf exports keep physical oil flows tight, driving market reprici
Asia's energy sourcing has dramatically shifted five months into the US-Iran conflict, with Japan and China diversifying away from the Strait of Hormuz.
African LNG projects in Mozambique, Nigeria, and Tanzania are advancing rapidly, capitalizing on a revised IEA global supply outlook and rising Asian deman
Nigeria's upstream regulator expects 22 offshore projects to attract $30bn investment by 2030, boosting crude oil output to 2.5mn b/d and reversing decline
Europe faces potential gas price spikes this winter as storage levels hit a record low of 58%, exacerbated by disrupted LNG flows from the Strait of Hormuz
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