Oil and Gas

Global LNG export to reach 650bcm by 2022, IEA

The International Energy Agency (IEA) said in its annual report released Thursday that global export capacity for liquefied natural gas…

Shell selling stake in Ireland’s Corrib gas field for $1.23 billion

Royal Dutch Shell Plc said it would sell its 45 percent stake in the Corrib gas venture to a unit…

Numbers show huge challenges facing OPEC members

The price of a barrel of Brent crude has more than halved over the past five years, triggering an existential…

Goldman sees risk of oil below $40 without OPEC ‘shock and awe’

OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The…

OPEC caps for Libya, Nigeria crude output not enough to fix oil glut

A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough…

U.S. pledges support for digital transformation of Nigeria’s oil and gas industry

The Foreign Commercial Service of the United States Diplomatic Mission to Nigeria, in collaboration with Hewlett Packard Enterprise (HPE) Nigeria…