This binding agreement for the purchase of approximately 1.5 million tonnes per annum (mtpa) of U.S. LNG from Venture Global for five years is set to begin in 2026. The LNG will be supplied from the American player’s portfolio.
Pecan Energies is happy to announce that its Senior Vice President, Subsurface and Drilling & Wells, Ifor Roberts, is assuming a new role as the company’s Acting Group Chief Executive Officer.
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments of up to $39.5 million.
Tullow Oil plc (Tullow) is pleased to announce it has received $36 million proceeds of the Tranche B payment, under the terms of the Sale and Purchase Agreement (SPA) announced on 21 July 2025 for the sale of its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Limited.
Philippine refiner Petron Corp. has received a shipment of Russian oil, according to its chief executive officer, after the US issued a waiver allowing the purchase of the crude. Petron CEO Ramon Ang confirmed the receipt of the oil from the OPEC+ member, but didn’t provide further details. The US earlier this month issued a sanctions […]
Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday. Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing […]
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to a PDVSA presentation, as cited by Reuters.
Foresea has secured a long-term contract from Petrobras in Brazil for the ultra-deepwater drillship ODN I, Foresea announced on Tuesday.
Sierra Leone is stepping up efforts to attract upstream investment, highlighting its offshore oil and gas potential and upcoming licensing opportunities at the Invest in African Energy (IAE) Forum in Paris.
Foresea has secured a long-term contract with Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, adding approximately $465 million to the company’s backlog.