Oil & Gas | GUPC

Kosmos Energy (KOS) Secures $250 Million Loan from Shell

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Kosmos Energy (KOS) has obtained a $250 million senior secured loan from Shell Trading (US) Company. This financing arrangement, which is expected to be completed by October 1, 2025, is intended to address Kosmos’s outstanding unsecured notes. Initially, $150 million will be used to partially redeem 2026 notes, while the remaining $100 million can be accessed until April 1, 2026. The loan is backed by assets in the Gulf of Mexico, carries an interest rate of SOFR + 3.75%, and will mature over four years.

Perma-Pipe Expands Footprint in Saudi Arabia

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Perma-Pipe International Holdings Inc. said it had received technical and commercial approval from Saudi Arabian Oil Co. (Aramco) allowing it to expand its business opportunities in the kingdom through a direct pathway to the oil and gas sector.

OPEC Plus Poised to Agree Fresh Output Hike

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | September 29, 2025 | Comment off

OPEC+ will likely raise oil output again in November as the group continues its strategy to reclaim global market share, according to people familiar with its plans.

JSE and KEPCO Join Woodside Liquid Hydrogen Project

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Woodside Energy Group Ltd is partnering with Japan Suiso Energy Ltd (JSE) and Kansai Electric Power Co Inc (KEPCO) to develop a liquid hydrogen supply chain between Australia and Japan.

Nigeria Clears TotalEnergies Exit from Bonga Field

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved TotalEnergies SE’s sale of its 12.5 percent stake in Oil Mining Lease (OML) 118, which includes the producing Bonga field, to Shell PLC and Eni SpA for $510 million.

Norway Regulator Approves New Troll Gas Export Project

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

The Norwegian Offshore Directorate has approved a project to connect the Troll B production platform on Norway’s side of the North Sea to the Kvitebjorn gas export pipeline.

Nayara Energy Adapts to EU Sanctions With Rupee Oil Payments

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Nayara Energy, the Indian refiner that was slapped with EU sanctions because of its partial ownership by Rosneft, has started to recover from the blow, turning to payments in rupees for the oil it sources from the Russian company.

Occidental Weighs a $10 Billion Sale of Its Petrochemicals Division

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up to $10 billion and would create one of the largest independent petrochemicals companies in the world.

GeoPark enters Argentina’s Vaca Muerta as operator of two blocks

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

Colombia-based independent GeoPark has acquired the 100% operated working interest held by Pluspetrol in two blocks in the Vaca Muerta shale formation in Argentina for USD 115 million, GeoPark announced on Thursday.

Opinion: President Trump is right on UN climate agenda—Enough is enough

Oil & Gas‚ Oil and Gas Industry | intent | September 29, 2025 | Comment off

For decades, unelected United Nations bureaucrats and Leftist allies have tried to force their anti-fossil fuel, pro-Net Zero, climate catastrophizing agenda on America and the rest of the world. Last week, U.S. President Donald Trump stood before the world and said bluntly what many of us have known for years: the UN’s climate crusade is “the greatest con job ever perpetrated on the world,”