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 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.
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.
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,”
Ghana has pledged to achieve universal electricity access by 2030, joining 16 other African nations in endorsing National Energy Compacts under the World Bank and African Development Bank-led Mission 300 initiative.
Eni has completed the sale of a 30% stake in the Baleine project in Côte d’Ivoire to global commodity trader Vitol, the companies announced on Thursday.
TechnipFMC has been selected by ExxonMobil Guyana to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek block, TechnipFMC announced on Thursday.
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell and Agip, the agency said on Thursday. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its […]
WellSense, a FrontRow Energy Technology Group company specializing in rapid fiber-optic well diagnostics, has sold a global license for its FiberLine Intervention (FLI) technology to Halliburton in a landmark transaction. The deal marks the first technology divestment by WellSense and its parent group.
bp itself made big bets on renewables in recent years that turned into money-losing ventures. The firm reset its strategy earlier this year to return to focusing on oil and gas after years of under performance.