Glenfarne Group LLC has executed a letter of intent with TotalEnergies SE for the French energy giant to buy 2 million metric tons per annum (MMtpa) of liquefied natural gas over 20 years from the under-development Alaska LNG.
OPEC+ agreed to resume oil production increases at a slightly accelerated pace, even as conflict sparked by U.S.–Israeli strikes on Iran heightens risks to global crude flows.
ExxonMobil positions its CCS network as a solution for reducing carbon emissions from key industrial sites along the US Gulf Coast.
The Government of Saskatchewan raised just over $7 million in its final Crown oil and natural gas public offering of the 2025-26 fiscal year.
TotalEnergies EP Nigeria Limited, the upstream arm of TotalEnergies companies in Nigeria, has reaffirmed its commitment to expanding Nigeria’s energy supply through a strong focus on growing the country’s oil and gas production and expanding electricity generation while reducing the carbon intensity of its operations.
The Capital Market Academics of Nigeria (CMAN) has commended President Bola Ahmed Tinubu for issuing an Executive Order directing the restoration of 60 per cent of proceeds from profit oil and gas under Production Sharing Contracts (PSCs) to the Federation Account.
Asia is poised to import record volumes of crude oil this month as top importers boost purchases amid strong runs and a changing geopolitical situation.
Iran and Russia are strengthening their economic and energy cooperation and consider joint development of another Iranian oilfield, top officials from the countries said on Wednesday.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 609,000 barrels in the week ending February 13, after increasing by 13.4 million barrels in the week prior.
Venezuela can bolster oil production by 30% to 40% this year, an increase of roughly 300,000 to 400,000 bpd, according to U.S. Energy Secretary Chris Wright.