The US government is backing Iraq’s plan to transfer Lukoil PJSC’s stake in a giant oil field to an American company, days before a sanctions waiver on the Russian firm is set to expire.
China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data.
Antero Resources is negotiating the acquisition of private shale driller HG Energy, Bloomberg reported today, citing unnamed sources in the know.
BP has received bids from at least five international contractors for the FEED contract for its gas compression and electrification project in Block 61 in Oman, Upstream reported on Friday.
Chevron Corp’s Australian unit and its joint venture partners have reached a final investment decision to further develop the massive Gorgon natural gas project in Western Australia, it said in a statement on Friday.
New Fortress Energy Inc (NFE) has received approval from local authorities to continue delivering natural gas for Puerto Rico’s power system for seven more years.
Eni SpA has signed a 10-year deal to supply Thailand’s Gulf Development Co 800,000 metric tons a year of liquefied natural gas (LNG).
Equinor ASA and its partners have started up the Verdande field in the Norwegian Sea, the second project to be tied back to the Norne floating production, storage and offloading vessel (FPSO) this year.
Eco (Atlantic) Oil & Gas Ltd has signed a binding “framework agreement” to bring in Navitas Petroleum LP as a partner in Guyana’s Orinduik and South Africa’s Block 1 CBK, both offshore exploration blocks, and potentially expand the partnership across Eco’s current and future assets.
A Russian liquefied natural gas export facility delivered its first shipment to China since being sanctioned by the US in January, the latest sign of increased energy cooperation between Beijing and Moscow.