⁣efore that, prices had slumped to the level last seen before the Russian invasion of Ukraine. Mild weather, ample volumes of gas in storage sites, and continued LNG imports have dragged gas prices lower in recent weeks.
Toward the end of the winter heating season, the Freeport LNG export terminal in the United States could return to exporting cargoes after it was shut down following a fire in June.
Freeport LNG on Monday confirmed for Oilprice.com that repairs had been completed at its LNG export facility, and that a request to restart by introducing LNG to the piping system had been filed with regulators.

⁣One of the biggest oil producers taking part in the most prolific U.S. shale play has decided to stop routine gas flaring in the Permian and plans to push for all other shale well operators to do the

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The West against Africa

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⁣One of the biggest oil producers taking part in the most prolific U.S. shale play has decided to stop routine gas flaring in the Permian and plans to push for all other shale well operators to do the same.
In an interview with Reuters, Exxon officials said they would insist on tougher flaring regulations in a bid to achieve a phase-out of the practice.
“It levels the playing field,” the chief environmental scientist of the supermajor, Matt Kolesar, told Reuters. “We need strong regulations so it doesn’t matter who owns the facility.”
Flaring has come into the spotlight of environmental concerns in the past few years as it is associated with the release of significant amounts of methane, which is a more potent but shorter-lived greenhouse compound than carbon dioxide.
What’s more, reducing flaring increases the amount of natural gas an operator produces, and in today’s gas market, this is not a benefit to be overlooked.
According to Exxon, an end to flaring is a worthy goal to pursue—worthier than making oil companies pay for the emissions generated through the use of their products—the so-called Scope 3 emissions. Reducing methane emissions is by far the most cost-effective means of reducing overall emissions in the industry, Kolesar told Reuters.

This episode looks at the impact of current international geopolitical issues, crude oil prices, and its impact on the Nigerian Economy.

It also sheds more light on the way forward for Nigeria as it prepares for a new government administration in 2023.
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⁣The Norwegian energy firm, Equinor, has indicated an interest in selling off its stake in the offshore Agbami oilfield. Reuters reported that the company has launched the sale of its stake in the offshore asset, joining ExxonMobil