U.S. oilfield services firm Baker Hughes said it sees a significant revenue opportunity in Venezuela as sanctions constraints ease and payment mechanisms improve, opening the door for expanded activity in the country’s oil sector, according to comments reported by Reuters on Monday.
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters.
Santos Ltd and its partners have shipped the first cargo from the Darwin LNG life extension project in Australia’s Northern Territory.
Canada and India will pledge to expand trade in oil and gas as the countries reboot their relationship after a diplomatic chill.
Kazakhstan’s largest oil producer is preparing to resume output at the giant Tengiz field, a further step to normalize the nation’s supply to global markets after a series of disruptions in recent months.
XRG will increase its equity position in the Rio Grande LNG export project in Texas, expanding its exposure to one of the world’s largest LNG developments and strengthening its North American gas portfolio.
Dana Gas and Crescent Petroleum, together with partners in the Pearl Petroleum consortium, have signed a series of long-term gas sales agreements to supply industrial customers in the Kurdistan Region of Iraq, marking a key step toward commercial development of the Chemchemal gas field.
Nigeria National Petroleum Company Limited and Chevron Nigeria Limited, through their joint venture NNPCL/CNL JV, have made an oil discovery in the Awodi-07 offshore well in Nigeria’s Niger Delta, the companies announced on Friday.
India’s liquefied natural gas importers are holding up some deals spanning decades as they push to lock in cheaper prices, hoping that a surge in supply will tilt negotiations in their favor.
Despite two decades of being handed preferential access to global markets, Nigeria remains trapped in oil dependence as many deals fail to deliver the much-needed diversification.