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Commodities
World Oil

Russians decide against selling Iraqi oilfield to China

By Khalid Al-Ansary on 8/1/2021 (Bloomberg) – Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company for

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Commodities
World Oil

Ghana seeks $1.7B loan to acquire and develop oil and gas assets

By Moses Mozart Dzawu, Ekow Dontoh and Yinka Ibukun on 8/2/2021 (Bloomberg) –Ghana is seeking parliamentary approval to borrow as much as $1.65 billion to accelerate oil and gas exploration by acquiring and developing assets. The investment push comes after Exxon Mobil Corp. pulled out

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Commodities
World Oil

Oil prices fall on declining Chinese factory output

By Jessica Summers on 8/2/2021 (Bloomberg) –Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much as 2% on Monday. The

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Commodities
Andreas Exarheas

Tellurian and Shell Finalize 10-Year LNG Deal

Tellurian Inc. (NASDAQ: TELL) has announced that it has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell NA LNG. The company outlined that the SPAs are on a free on board basis at Driftwood LNG for a combination of three million

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Commodities
Andreas Exarheas

New Oil Field Comes Online Offshore Malaysia

Petronas has announced that the East Cendor field in Block PM304, offshore Malaysia, has achieved first oil production. East Cendor represents the fourth start up in a series of developments at Block PM304, including the Cendor, West Desaru, and Irama assets. The project comprises the

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Commodities
Andreas Exarheas

USA Rig Count Drops

The total number of rotary drilling rigs operating in the United States dropped to 488 last week, according to Baker Hughes Co.’s (NYSE: BKR) latest rotary rig count, which was released on July 30. The figure marks a drop of three offshore rigs compared to

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Commodities
Andreas Exarheas

Key Federal Oil Leasing Development Flagged

(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author) In this week’s preview of what to watch in oil and gas markets, one of Rigzone’s regular energy prognosticators

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