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April 18, 2024

ReconAfrica to begin drilling potential play-opening exploration well onshore Namibia- oil and gas 360

ReconAfrica to begin drilling potential play-opening exploration well onshore Namibia

April 18, 2024

World Oil Publisher’s Note: ReconAfrica is confirmed as a presenter at EnerCom Denver- The Energy Investment Conference on August 18-21, 2021. Register to attend. (WO) – In an operations update, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) said that it plans to begin drilling its first Naingopo exploration well in Namibia’s Damara Fold Belt in June 2024.

Brazil’s plans to drill for oil in the Amazon hit stiff Indigenous resistance

April 18, 2024

Yahoo Finance OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in the Foz do Amazonas area last year, citing possible

Iran’s oil exports climb to the highest level in 6 years-oil and gas 360

Iran’s oil exports climb to the highest level in 6 years

April 18, 2024

Oil Price Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown. The daily average over the period stood at 1.56 million barrels, almost all of which was sent to China, earning Tehran some $35 billion. “The Iranians have mastered the art of

LNG pipeline export projects to drive U.S. natural gas trade growth EIA reports- oil and gas 360

LNG pipeline export projects to drive U.S. natural gas trade growth, EIA reports

April 18, 2024

World Oil (WO) – In the Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasted that U.S. liquefied natural gas (LNG) exports will keep leading the U.S. natural gas sector as three LNG export projects soon begin operations and reach full production by the end of 2025. The EIA also forecasted increased natural gas pipeline exports, mostly to

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 50 Bcf

April 18, 2024

Natural Gas Inventories as of April 12, 2024 The EIA has released its natural gas inventory report, showing a net increase of 50 Bcf as of April 12, 2024. Working gas in storage was 2,333 Bcf as of Friday, April 12, 2024, according to EIA estimates. This represents a net increase of 50 Bcf from the previous week. Stocks were

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