Africa Oil & Gas: Timor Leste to pay $300M for Shell’s stake at Greater Sunrise fields

Africa Oil & Gas: Timor Leste to pay $300M for Shell’s stake at Greater Sunrise fields

Oil and gas Shell is exiting the long-stalled Greater Sunrise offshore gas project in the Timor Sea, agreeing to sell its interest to the Timor-Leste government for $300 million. Shell follows the steps of ConocoPhillips which announced the sale in October. 

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Global Oil & Gas: Shell is Wrong, global Oil Demand Can Only Increase

Global Oil & Gas: Shell is Wrong, global Oil Demand Can Only Increase

Bolstered by the U.S. shale revolution, global oil production has surged by over 20 percent in the past 15 years. The great rise has put to bed the “peak oil production” theory but it has not stopped the apparent new concern of “peak oil demand,” now portrayed as perhaps the main threat to the future of the world’s oil industry.

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Mozambique Oil & Gas: Shell, Anadarko mired in dispute over domestic gas

Mozambique Oil & Gas: Shell, Anadarko mired in dispute over domestic gas

Royal Dutch Shell (RDS.A, RDS.B) accuses Anadarko Petroleum (NYSE:APC) of holding it and Mozambique’s government hostage by refusing to supply enough domestic gas in the first phase of a giant liquefied natural gas project.

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Global Oil & Gas: In race to fill LNG supply gap, project goalposts have changed

Global Oil & Gas: In race to fill LNG supply gap, project goalposts have changed

(Reuters) – The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.

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Africa Oil & Gas: “Italy judge jails two in Nigeria oil graft case” – report

Africa Oil & Gas: “Italy judge jails two in Nigeria oil graft case” – report

A Milan court sentenced two defendants in a Nigeria corruption case to jail on Thursday in what is a first ruling on one of the oil industry’s biggest graft scandals.

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These Are the Biggest Natural Gas Producers in the World

These Are the Biggest Natural Gas Producers in the World

Natural gas companies produced a record 3.68 trillion cubic meters (~130 trillion cubic feet) of natural gas last year, according to BP’s (NYSE: BP) Statistical Review of World Energy. That’s an increase of 4% from the prior year — almost double the 10-year average growth rate — thanks to a big uptick in production from Russia, which contributed about a third of global growth. North America, however, was the largest gas-producing region, led by the…

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