North Sea Crude-WTI Midland, Brent weaken LONDON, Nov 8 (Reuters) - U.S. WTI Midland crude and North Sea Brent differentials weakened on Friday, while Forties rose after a higher bid. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * WTI Midland: Petroineos bought Nov.

Angola LNG considers expansion as gas supplies ramp up By Wendell Roelf CAPE TOWN, Nov 8 (Reuters) - Angola Liquefied Natural Gas (ALNG) is considering future expansion options including adding a mini train of three million metric tons a year, as new gas supplies to the plant ramp up over the next 12 months, energy executives told Reuters. Extra supplies expected from Chevron CVX.N by year-end and the New Gas Consortium by the end of 2025 will help to take the plant to full capacity for the firs

UPDATE 1-Europe can replace gas coming via Ukraine using LNG terminals, Snam CEO says Adds details on LNG terminals in paragraph 5 MILAN, Nov 7 (Reuters) - Europe c an use several liquefied natural gas (LNG) terminals to replace Russian gas flowing through Ukraine when a transit deal expires at the end of December , the CEO of Europe's biggest gas grid operator Snam SRG.MI said on Thursday.

North Sea Crude-Forties trades twice LONDON, Nov 7 (Reuters) - North Sea Forties crude traded twice in the Platts window on Thursday, while Ekofisk and U.S. WTI Midland were also on offer. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * Forties: Petroineos bought two cargoes in the Platts window, one from Mercuria with Nov.

Europe can easily replace gas coming via Ukraine with LNG, Snam CEO says MILAN, Nov 7 (Reuters) - When a transit deal expires at the end of the year, Europe can easily replace Russian gas flowing through Ukraine with liquefied natural gas (LNG), the CEO of Europe's biggest gas grid operator Snam SRG.MI said on Thursday. Russia shipped about 15 billion cubic metres (bcm) of gas via Ukraine in 2023 - only about 8% of peak Russian gas flows to Europe via various routes in 2018-2019 - supplying main

Ghana sees first oil output increase in five years By Maxwell Akalaare Adombila ACCRA, Nov 7 (Reuters) - Ghana's crude oil output increased by 10.7% year-on-year in the first six months of 2024, reversing an annual production decline that began five years prior, the country's public interest and accountability committee (PIAC) reported. Crude oil production in Ghana, Africa's leading gold producer, began in 2010, but output fell to a five-year low in 2023 due to production declines in existing f

Angola plans more multi-year oil and gas license rounds CAPE TOWN, Nov 7 (Reuters) - Angola intends to replicate its maiden multi-year licensing round for oil and gas acreage from 2026, a senior government energy official said on Thursday, as the country looks to boost production and investment. The first multi-year auction for 50 onshore and offshore blocks was for 2019-2025, as Angola strives to arrest a steep decline in crude oil production from mature oilfields.

UPDATE 1-Italian gas grid operator Snam reports 12% rise in nine-month core profit Adds CEO comment and detail throughout By Francesca Landini MILAN, Nov 7 (Reuters) - Italian gas grid operator Snam SRG.MI on Thursday reported a 12% jump in nine-month core earnings as growth at its fuel transport business more than offset weakness in its energy transition division.

UPDATE 1-Exxon sees first LNG from Mozambique project in 2030 Adds context in paragraphs 2 and 4, quote by company executive in paragraph 3 CAPE TOWN, Nov 7 (Reuters) - Exxon Mobil XOM.N is expecting the first liquefied natural gas (LNG) output from its project in Mozambique in 2030, a company executive said on Thursday. Exxon along with partners including Eni ENI.MI and China's CNPC are developing an LNG project in northern Mozambique, with the U.S.

UPDATE 1-Equinor agrees to buy Sval Energi's 11.8% stake in Halten East Unit Adds detail from paragraph 2 COPENHAGEN, Nov 7 (Reuters) - Norway's Equinor EQNR.OL said on Thursday it has agreed to buy Sval Energi's 11.8% stake in the ongoing offshore development Halten East Unit in the Norwegian Sea, increasing the company's ownership to 69.5%. The recoverable reserves in Halten East are estimated to be around 100 million barrels of oil equivalents, of which approximately 60% is gas that will be e

North Sea Crude-WTI Midland, Forties and Ekofisk weaken LONDON, Nov 6 (Reuters) - Crude differentials for U.S. WTI Midland, North Sea Forties and Ekofisk weakened on Wednesday after lower offers and a lack of buying interest. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

W. Africa Crude-WAF grades remain under pressure LONDON, Nov 6 (Reuters) - West African crude grades remained under pressure from abundant supplies of rival grades and lacklustre demand. * Nigerian crude grades are under pressure from the recovery in Libyan oil exports and cheaper differentials for its grades, which rival West African supply. * However, a recent uptick in diesel refinery profit margins globally could help demand for distillate-rich West African grades rebound, the source added.

North Sea Crude-WTI weakens while Forties and Ekofisk rise LONDON, Nov 5 (Reuters) - U.S. WTI Midland crude differentials rose on Tuesday after a deal while North Sea Forties and Ekofisk rose. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * WTI Midland: Total bought from Repsol a CIF Rotterdam Nov.

UPDATE 1-W. Africa Crude-Angolan Hungo trades lower, other offers steady Updates to add Hungo deal LONDON, Nov 5 (Reuters) - Offers of West African crude were steady on Tuesday, though a deal in the Platts window suggested Angolan differentials remain under pressure. * BP sold to Unipec an Angolan Hungo cargo at dated Brent minus $2.80 in the Platts window, a trader said, lower than the last indications heard.

W. Africa Crude-Angolan offers steady LONDON, Nov 5 (Reuters) - West African crude differentials were steady on Tuesday, with no changes heard to recent offer levels. * Angolan crude for December loading has sold relatively slowly, partly owing to limited buying interest from China, traders have said. * State oil company Sonangol was still offering cargoes of Cabinda and Dalia on Tuesday, a trader said.

Egypt’s petroleum ministry ties arrears payments to production boost amid declining gas output CAIRO, Nov 4 (Reuters) - Egypt’s plans to settle outstanding dues to international oil companies include measures linking arrears payments to increased production, according to a petroleum ministry statement on Monday. The ministry has recently launched an incentive package requiring partners to boost output beyond current levels, with additional revenue from this increase allocated to pay down exi

North Sea Crude-Brent, Forties trade LONDON, Nov 4 (Reuters) - North Sea Forties and Brent crude each traded in the Platts window on Monday, while offers for Ekofisk and Johan Sverdrup went without buyers. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * Brent: Petroineos bought a Nov.

W. Africa Crude-Angolan weighed by ample supply LONDON, Nov 4 (Reuters) - West African crude differentials stayed under pressure on Monday from ample supply and lacklustre Chinese demand, with some grades being offered lower according to traders. * Over 20 of December's 36 cargoes are still unsold, two traders said, a relatively large amount for this point in the monthly trading cycle.

CORRECTED-UPDATE 2-Oil market volatility likely to extend into next year, Eni CEO says Corrects headline and first paragraph to clarify Eni CEO comments By Alexander Cornwell, Yousef Saba and Maha El Dahan ABU DHABI, Nov 4 (Reuters) - Volatility in oil markets is expected to extend into next year, the CEO of Italian energy company Eni said on Monday.

BRIEF-Eni, Sace And Open-Es Create Partnership on Competitiveness, Sustainability Of Italian Companies Nov 4 (Reuters) - Eni SpA ENI.MI , SACE SpA: SACE AND OPEN-ES JOIN FORCES TO BOOST THE COMPETITIVENESS AND SUSTAINABILITY OF ITALIAN COMPANIES Further company coverage: ENI.MI (Gdansk Newsroom)