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Pacific National Capital 's Daily Oil & Gas News

Oil Prices Continue String of Losses
For the fifth consecutive trading day, West Texas Intermediate (WTI) and Brent crude oil prices finished lower.

Eni Signs Supply Deal with Nigeria LNG
Eni S.p.A. reported Monday that it has signed a long-term supply agreement with Nigeria LNG.

Venezuela Mulls Privatizing Oil Amid Economic Freefall
It would be a move that forsakes decades of state monopoly.

Exxon Marks Stabroek Sweet 16
ExxonMobil, operator of the Stabroek Block offshore Guyana, on Monday reported an oil discovery at the Uaru exploration well, located near the producing Liza field.

Oil-Storage Demand at Mideast Hub Prompts Brooge Expansion
The expansion would more than double the amount of crude traders could store at Fujairah, the world's second-largest refueling port.

BHP Awards Mexico Deepwater Contract
DORIS will provide engineering services for BHP and PEMEX's Trion project.

Iraq Al Ahdab Oil Field Resumes Production
Iraq's Al-Ahdab oil field resumed production about a week after operations halted there due to protests by security guards amid unrest in one of OPEC's biggest producers.

Oil Traders Made Billions in 2019
The world's largest energy traders enjoyed one of their best ever years in 2019.

Lundin Proposes Name Change
Lundin Petroleum AB has proposed to change its name to Lundin Energy AB following the launch of a decarbonization strategy.

Eni Announces UAE Discovery
Eni revealed Monday that a gas and condensate discovery has been made in the Mahani exploration prospect in the Area B Concession of Sharjah (UAE).





















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