Archives for September 2019
Exxon Mobil announces new Guyana discovery as first production looms
Exxon Mobil said Monday it made another discovery offshore of Guyana, increasing its potential resource base as first production looms in early 2020. Source: FuelFix
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Oil spikes 10% on Saudi attack, heightened tensions with Iran
Crude oil prices spiked by more than 10 percent worldwide for the biggest jump in years Monday morning after Saudi Arabia’s oil supplies were attacked Saturday amid heightening geopolitical tensions with Iran. Source: FuelFix
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Aramco less optimistic on pace of oil output recovery
Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said. Source:...
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Oil prices jump most on record after Saudi Arabia strike
Oil posted its biggest ever intraday jump, briefly surging above $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies and raised the specter of more destabilization...
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Magnolia LNG lands liquefied natural gas supply deal to Vietnam
A liquefied natural gas export terminal being developed in Louisiana by Australia-based LNG Limited has landed a 20-year supply deal for a power project planned in the Mekong Delta of southern Vietnam. Source: FuelFix
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