JP Morgan on Thursday forecast Brent oil prices to decline to $73 per barrel in 2025, as it sees a shift in the global oil market from a balance in 2024 to a large 1.2 million barrels per day (bpd) surplus in the coming year. “Assuming that OPEC alliance stays put at current production levels …
JP Morgan Forecasts Brent Declining to $73/bbl in 2025 on Excess Supply Read More »
Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision.
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Analysts say the gas market remains volatile as prices surpass $3.50/MMbtu at the Henry Hub for the first time in about two years.
Rising Phoenix Capital appointed Ben Fujihara, a tenured financial executive, to oversee the company’s capital strategy, investor relations and business development.
DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.
Shell and YPF say they will partner to build the first LNG export project in Argentina.
SWA Lithium’s pilot plant in Arkansas is processing brine to confirm engineering design parameters, Standard Lithium says.
