British supermajor remains within the initially guided ranges despite lowered outlook for oil and gas demand growth this year
The Israeli government has approved plans to more than double the country’s natural gas exports and expand production at the giant Leviathan Gas Field in a bid to improve energy security and strengthen diplomatic ties. Energy Minister Eli Cohen has given the greenlight for the export of an additional 118 billion cubic meters (bcm) of natural gas from the east Mediterranean reserves, more than double the 105 bcm previously approved.
Brent crude soared to $87.50 per barrel on July 4th for the first time since mid-April, holding firm as a flurry of bullish news supports crude prices in early July. The surge was driven by oil supply threats from Hurricane Beryl and a bullish oil inventory report from the EIA.
Saudi Arabia’s oil giant, Aramco, told Reuters on Thursday that reports it was considering a bid for Australia’s Santos gas producer were inaccurate following widespread publication of a Bloomberg news report that both Aramco and the UAE’s Adnoc were considering bids for the Australian company.
Nigeria’s upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim, to acquire assets, the head of the agency, Gbenga Komolafe, said on Wednesday.
The first oil shipment destined for Uganda docked at the port of Mombasa on Wednesday, marking an end of Kenyan oil market companies fuel transit business to the neighbouring country.
The Petroleum Commission (PC) has signed four agreements with international firms in a bid to secure advanced geological data – 3D seismic data – on the country’s oil fields, according to Director-Local Content, Kwaku Boateng.
IOCs active in Iraqi Kurdistan finally yielded to Baghdad’s calls for oil sales to be handled by SOMO.
For China, a fractious independent Kurdistan with strong former ties to the U.S. would make the administration of Iraq’s oil and gas sector much more difficult.
Despite controlling Iraqi Kurdistan’s oil sector post-2017 independence vote, Russia prefers to work with Baghdad’s central government.
SLB’s OneSubsea has won a sizeable contract for 13 wellsets plus associated equipment and services in the development of the Kaminho project offshore Angola from French energy major TotalEnergies.
Italian energy giant Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private companies, for the sale of its upstream offshore assets Nikaitchuq and Oooguruk in Alaska.