The United Arab Emirates, a key member of OPEC+, will reduce oil shipments early next year as the alliance seeks stronger discipline in meeting production targets to shore up prices.
Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years.
Arcius Energy is 51% owned by bp and 49% by XRG and will initially focus on the development of gas assets in Egypt. At the outset, it includes interests assigned by BP across two development concessions in the country, as well as exploration agreements.
QatarEnergy has agreed with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in Block 2813B offshore Namibia, QatarEnergy announced on Sunday.
The energy company, Houston-based W&T Offshore, is asking a federal judge to declare insurers have colluded to damage the company by jointly demanding additional collateral and premiums.
The Military Intelligence Directorate of the Ministry of Defense of Ukraine said the list, published on its website, details an armada built up by Russia at a cost of about $10 billion.
OPEC+’s decision to delay a rollback of production cuts agreed last year has rekindled trader interest in the commodity with a view to a tighter supply picture in 2025.
Team Trump is preparing to make sweeping changes to the U.S. energy sector on day one. Boosting U.S. oil and gas drilling and accelerating permits for domestic energy infrastructure and LNG exports are expected to be top priorities for the new administration.
Bram and Starnav will be responsible for chartering six vessels each to Petrobras. The contracts include a period of up to four years for mobilisation and 12 years of operation, during which the vessels will support Petrobras’s exploration and production activities.
The Italian EPC player will support the development of offshore facilities for the transportation and storage of CO2 in the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) projects – part of the UK’s East Coast Cluster of carbon projects.