Ukrainian President Volodymyr Zelenskiy vowed on Sunday to retaliate by ordering more strikes deep inside Russia after Russian drone attacks on power facilities in northern and southern Ukraine. Both countries have intensified airstrikes in recent weeks, targeting energy infrastructure and disrupting Russian oil exports.
Signed by state-owned Egyptian Natural Gas Holding Company (EGAS), the deals call for the drilling of 10 wells in onshore and offshore areas as part of efforts to ramp up upstream activity. Egypt has been facing output declines due to field depletion and delays in production investment plans.
Seatrium is a Singapore-based global solutions provider specialising in engineering, procurement, construction, upgrading and repair of offshore and marine assets. It has extensive capabilities in LNG systems and floating energy solutions, including dual-fuel and LNG-powered vessels.
Last year, Norway delivered 91.1 bcm of gas to the EU, up 15 percent from 2021, which represented 33.4 percent of the EU’s total imports. U.S. gas shipments increased by 139 percent over the same period, reaching 45.1 bcm, or 16.5 percent of the total. Other important partners last year included Algeria (39.2 bcm), Qatar (11.8 bcm), Azerbaijan (11.7 bcm) and the United Kingdom (11.7 bcm). Despite these shifts, overall EU gas imports in 2024 were still 61.4 bcm lower than in 2021.
The transaction is expected to increase the free float of ADNOC L&S shares to around 22%. In a pre-offering statement, ADNOC L&S indicated that it aims to increase the trading liquidity of its shares as a pathway to inclusion in the MSCI Emerging Market Index, which would help diversify the company’s shareholder base.
The U.S. shale patch is trimming capital expenditure budgets to preserve cash amid the lower oil prices. American producers could further cut back on spending and activity if the prevailing forecasts of a global oversupply materialize in the coming months.
The National Investment Corp., a unit of the Kazakh central bank that manages part of the country’s $60 billion oil fund, sees data centers and other AI architecture as a path to stronger returns in a challenging environment, CEO Serikzhan Rysbekov said in an interview at the firm’s headquarters in Astana.
Oil traders are focused on New Delhi’s buying after Washington doubled tariffs on many Indian imports to 50 percent to try to end the war in Ukraine. As part of the drive – which has not been matched by similar US action against China, another big importer – Treasury Secretary Scott Bessent accused the country’s wealthiest families of profiteering, and Navarro said the nation was fueling “the Russian war machine” and “nothing but a laundromat” for the Kremlin.
“Winning work in a new geography with a new client is an exciting development for our business. We’re proud to play a role in Malaysia’s latest exploration campaign, where reliable, high-quality seismic data is essential for guiding drilling and development decisions”, Charles Davidson Jr., CEO and Executive Chairman of PXGEO, said.
Ghana National Gas Limited Company (GNGLC) has dismissed reports circulating on social and traditional media suggesting that the planned maintenance shutdown of the Atuabo Gas Processing Plant was unsuccessful.