ADNOC Logistics & Services (ADNOC L&S) has acquired 11 gas and crude carriers for approximately USD 1.3 billion to expand its shipping capacity and support ADNOC Group’s exports, ADNOC L&S said on Friday.
Middle Eastern buyers are seeking LNG cargoes from Canada to diversify supply and hedge against geopolitical disruption affecting key shipping routes, Reuters reported on Friday.
On the night of 8-9 August, Russian forces launched a massive attack on production assets and a drilling site of Ukrnafta, a Ukrainian state-owned oil and natural gas extraction company.
Minister for Petroleum Ali Pervaiz Malik has said the government is committed to strengthening energy security, accelerating oil and gas exploration, attracting investment and ensuring transparency in the petroleum sector as Pakistan seeks to reduce its heavy reliance on imported energy.
The Sabah government will acquire a 30 per cent stake in two new oil and gas fields on the state’s east coast, said Sabah Chief Minister Datuk Seri Hajiji Noor.
The Global Extractive Industries Transparency Initiative validation team has arrived in Nigeria to assess the country’s progress in improving transparency and accountability in the oil, gas and mining sectors.
New data from Statistics Canada shows Canada’s energy sector posted broad-based growth this spring, led by record crude oil production and stronger oil sands output as global demand and higher prices supported increased production.
Angola’s National Oil, Gas and Biofuels Agency (ANPG) and Sonangol Exploração & Produção (Sonangol EP) have successfully completed the drilling and testing of the Katambi-2 appraisal well in Block 24, confirming a commercially viable gas discovery, the ANPG announced on Thursday.
Ecopetrol has completed an auction to acquire approximately 25% of Brava Energia under a voluntary tender offer to take control of the Brazilian energy producer, Ecopetrol announced on Wednesday.
ConocoPhillips has completed the sale of USD 1.7 billion of non-core Lower 48 assets in the US and reached its USD 5-billion asset disposition target ahead of schedule, Reuters reported on Thursday.