In Wednesday trade in Asia, Brent Crude prices dipped by about 1% to $98.30, after falling on Tuesday below the $100 a barrel mark. The U.S. benchmark, WTI Crude, fell by 1.4% to below the $ 90-a-barrel threshold and traded at $89.49.
TotalEnergies has decided to invest in the development of the Ima gas field offshore Nigeria to increase supply for the expanding Nigeria LNG export plant, the French supermajor said on Wednesday.
Curious Minds Corner
What is the key role of a floating production storage and offloading unit?
It produces, stores, and transfers hydrocarbons offshore.