Polish state-run oil and gas company PGNiG said Thursday there’s more liquefied natural gas (LNG) in the pipeline, not literally, with a spot LNG delivery expected to arrive at the Polish Swinoujscie terminal in July.
The Organization of Petroleum Exporting Countries (OPEC) welcomed on Thursday, during its 172nd general meeting in Vienna, Equatorial Guinea as its newest member, which is also the cartel’s smallest one in terms of crude oil reserves, Kallanish Energy reports.
OPEC and non-OPEC producers agreed on Thursday to rollover their output pact to another nine months through March 2018, as “more time is needed” to bring oil inventories down, Kallanish Energy reports.
Brazil’s state-run oil company Petrobras expects its crude exports to grow by 47.5% in 2021, while production should increase by 33.8% in the same period, company’s executive manager Guilherme Franca said on Wednesday.
Norway’s oil company, Statoil, said Monday it expects to invest up to roughly $240 million by 2020 in digitalization aimed at efficiency, security and safety of its operations, while targeting to become a global digital leader.