• Al Khazna Tower, Abu Dhabi
  • Sun - Thu: 8:00 AM - 5:00 PM
  • + 971 2 671 1127
  • info@x-seed.ae

How US LNG may create new pricing fundamentals over the coming 5 years

Since the startup of the first US gas liquefaction and export plant, Sabine Pass, in 2016, 15.5 million tons of US LNG were produced and shipped overseas. As much more US LNG is scheduled to come online in the coming 5 years, the US may reshape global LNG flows and price dynamics for the foreseeable future.

Read More

Norway estimates 40% more undiscovered resources

According to the Norwegian Petroleum Directorate, Norway holds 40% or 7.1 billion boe more undiscovered hydrocarbon resources than previously estimated. The upgrade came after reevaluating the northern part of the Barents Sea and including additional acreage near the Russian border. Undiscovered resources constitute around 47% of remaining Norwegian shelf resources.

Read More

ExxonMobil quits Russian JVs amidst sanctions

Citing Western sanctions, ExxonMobil has announced its divestment from several JV projects in Russia. This does not include the 200-Kb/d Sakhalin-1 project off the eastern coast of Russia, where ExxonMobil partakes under the terms of a production sharing contract. The company recorded a Q4 after-tax loss of USD0.2 billion due to the withdrawal plan.

Read More