VAALCO Energy announces record production and sales volumes for 2024
(World Oil) – VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Highlights: Recorded full year 2024 sales volumes of 24,100 to 24,600 working interest (WI) barrels of oil equivalent per day (boed), at the midpoint
Carlos Slim invested $1B in American oil & gas companies in 2024
(Oil Price) – Carlos Slim, Latin America’s richest man, boosted his stakes in American energy companies in the current year as the world’s leading tycoons continue betting on fossil fuels. Slim invested $602 million in Parsippany, New Jersey-based refiner PBF Energy Inc. (NYSE:PBF), boosting his stake to
Note on the news: Sunset for democracy
(Oil & Gas 360) – A hallmark of democracy is that, after an election, the losing parties accept the results and become the “loyal opposition”. As such, they accept the results and loyally support the government with alert scrutiny of its actions to guide their
Oil prices weaker on slide on tariff and production jitters, weak China data
(Investing) – Oil prices slipped lower Monday in volatile trading, as traders digested President Donald Trump demands that the OPEC lower crude prices as well as his brief imposition of tariffs on Colombia. At 08:55 ET (13:55 GMT), Brent oil futures expiring in March fell 0.4% to
U.S. LNG supply will not increase overnight, cautions Exxon
(World Oil) – (Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. Demand for LNG is rising as Europe turns to
VAALCO Energy announces record production and sales volumes for 2024
(World Oil) – VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Highlights: Recorded full year 2024 sales volumes of 24,100 to 24,600 working interest (WI) barrels of oil equivalent per day (boed), at the midpoint
Will Argentina’s oil industry benefit from Trump?
(Oil Price) – A national energy emergency declaration, a pledge to boost oil and gas production, and the threat of tariffs on Canadian oil—these are just a few of President Trump’s first moves in the energy game since he came into office. These moves have
Kuwait’s KPC CEO says oil production capacity exceeds 3 million bpd
(BOE Report) – Kuwait’s oil production capacity now exceeds 3 million barrels per day, Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah told reporters on Tuesday. The country’s oil production capacity was at more than 2.8 million bpd in June last year, Ahmad Jaber
International diesel prices surge after U.S. sanctions on Russia
(Oil Price) – Diesel prices in Asia, Europe, and the U.S. jumped this week as the latest U.S. sanctions on Russia’s oil industry added to colder winter weather to boost futures prices and margins amid expectations of reduced diesel and crude supply from Russia.
