Energy and commodities highlights: Oil market tensions, European gas flows, Mozambique’s LNG plans the second time in as many weeks, oil markets were jolted by events in the Middle East, with prices jumping on reports that Iran had shot down a US drone over the Strait of Hormuz on June 20. Crude prices continued to rise on June 21, on fears that the US and Iran could be headed towards a military confrontation. The latest incidents could affect flows of oil and

Insight Conversation: Mark Gyetvay, Novatek

Mark Gyetvay, CFO and deputy chairman of the management board at Novatek, visited S&P Global Platts for an interview with senior writer for LNG, Lucie Roux. Novatek is a Russian independent gas producer known for its Yamal LNG terminal, launched in 2017, and now for its Arctic LNG projects. Last may at the Flame conference you said Novatek aims to increase production to 70 million metric tons/year by 2030. Where

Argentina’s untapped shale spurs search for next oil and gas giant: Fuel for Thought

On the vast, desolate plains of southern Patagonia, Compañía General de Negocios is stepping up drilling and exploration where few companies operate, an emerging trend of widening the search for oil and natural gas in Argentina. “The resource is very large,” Hugo Eurnekian, president of the Argentinian company, said of southern Santa Cruz province. “If this resource was in the United States, there would be hundreds of companies working, but

Shell Agrees to Sale of Martinez Refinery

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF … Top News

First LNG Cargo Shipped from Prelude FLNG

Shell, along with its Joint Venture Partners INPEX, KOGAS and OPIC, announced that the first shipment of Liquefied Natural Gas has sailed from Shell’s Prelude Floating Liquefied Natural Gas (FLNG) fac… Top News