Oil And Gas Seminar News

Swiss-based global mining and commodities trader Glencore is set to send its first spot liquefied natural gas cargo to Zhoushan in eastern China in a trading joint venture with Zhejiang Energy Group, a top company trader said on Friday.Glencore's joint venture with Zhejiang, which is backed by the provincial government, dates from 2018, making it one of the few Western traders with such tie-ups in China, the world's top crude oil buyer and second-largest importer of LNG.Alex Sanna…

Statoil is more likely to develop the $15.5 billion Johan Castberg field in the Arctic using a floating production storage and offloading (FPSO) installation than via an oil terminal on land, a senior company executive said on Thursday. Last year the oil firm suspended the development of its flagship Arctic project due to cost inflation and a tax hike. Finding more resources was key to making the project economically viable but earlier this month the firm said the results of the latest and final, round of drilling were disappointing.