Category: Oil & Gas

According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, a 50 per cent jump from current spending. Illustration only; Courtesy of Bechtel As the global energy crisis deepens , investments in new LNG infrastructure are set to surge, reaching $42 billion annually in 2024, Rystad Energy research shows. These greenfield investments are 200 times the amount in 2020 when just $2 billion was invested in LNG developments due to the pandemic. However, project approvals after 2024 are forecast to fall off a cliff as governments transition away from fossil fuels and accelerate investments …

I ranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are using up their US sanction waivers to continue importing Iranian oil. According to tanker-tracking data from Refinitiv Eikon and a source at a company tracking Iranian oil flows, Iran’s exports in February have averaged 1.25 million barrel per day so far, while the January exports were between 1.1 million bpd and 1.3 million bpd, higher than the previously expected below 1-million-bpd level, which was seen in December, …