Kazakhstan is considering the construction of a new gas pipeline to transport gas from Russia to China through its territory. This potential project will be pursued if Moscow and Beijing reach an agreement on the matter. “The issue of a new gas pipeline from Russia to China is within the competence of these two countries. If they agree, Kazakhstan is […]
“ADNOC continuously explores strategic opportunities to drive further growth and prioritise shareholder value, including in ADNOC Gas,” the state energy firm said in a statement.
The high-capacity survey vessel Oceanic Sirius will acquire the seismic, covering an area of approximately 2200 square kilometres, which is expected to take approximately four months, commencing early in 2025.
Production is set to restart this week at Serica Energy’s Triton fields in the UK North Sea, after an outage took the floating production, storage and offloading vessel offline last month.
TotalEnergies SE holds a total stake of 19.75% in Adani Green Energy through Totalenergies Solar Wind Indian Ocean Ltd (3.55%) and Totalenergies Renewables Indian Ocean Ltd (16.20%).
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Australia-listed Matrix Composites & Engineering has secured a new buoyancy contract with Subsea7 to supply a subsea umbilicals, risers and flowlines (SURF) product for a mystery international project.
TotalEnergies, which is a partner of India’s Adani group in renewable energy projects, will not make any new financial contribution as part of its investments in the group of companies until the ongoing U.S. investigations into Adani executives for corruption are clarified, the French supermajor said on Monday.
“It seems the news of a ceasefire between Israel and Lebanon is behind the price drop, though no supply has been disrupted due to the conflict between the two countries and the risk premium in oil has been low already before the latest price decline,” said Giovanni Staunovo of UBS.
Global oil demand continues to surprise on the upside, BP Plc (NYSE:BP) Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or less 1% each year, with BP predicting robust oil consumption for the next 5-10 years.
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting.
“OPEC+ could or couldn’t discuss oil output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication.
OPEC has been under pressure from the market to stick to its production cuts because of depressed prices, with any decision to reverse any part of the cuts seen as extra-bearish for the commodity. Indeed, even news reports about the possibility of a rollback have pressured prices substantially, even if the reports were not followed by the respective OPEC decision.