Shell Plc is planning to dissolve a partnership with Russia’s Rosneft PJSC through which the two oil giants jointly own a stake in a pipeline from Kazakhstan
Naftogaz Group has secured a fresh UAH 5 billion ($118.82 million) loan from local bank JSC CB PrivatBank to procure more natural gas for Ukraine.
Nigeria’s state oil firm NNPC and local producer Heirs Energies have signed a deal to capture and use the gas flared at their onshore OML 17 joint venture in a bid to monetize the resource and reduce flaring
China has accelerated purchases of Saudi crude oil for January to the highest volumes in five months, after the world’s top crude exporter slashed its official selling prices for Asia to the lowest premium over benchmarks in five years. Chinese refiners have nominated almost 50 million barrels in total of Saudi crude volumes for January […]
The state of Victoria is tendering gas exploration licenses for the first time since 2018 in a bid to avoid a shortage, despite efforts to reduce the consumption of hydrocarbons. In an announcement on its website, the state government invited bids for permits in two areas, the Otway Basin and the Gippsland Basin. “Applications for the offshore […]
Morocco is getting closer to creating an almost $1 billion liquefied natural gas hub at a new deep-sea port on its Mediterranean coast, as it plans to boost imports to curb the use of dirtier fuels. The nation this week issued a tender for a company to supply a floating storage and regasification unit that […]
Fluor Corp and JGC Corp said Monday they had handed over LNG Canada’s second production train, bringing the Shell PLC-led project’s capacity to 14 million tons a year. Train 2 completes phase 1 of “Canada’s first LNG mega-project”, Irving, Texas-based Fluor said in a press release. LNG Canada already announced November 6 that Train 2 […]
Kistos Holdings PLC said Tuesday it has entered into a binding deal with Mitsui & Co Ltd to buy the Japanese diversified company’s stakes in Blocks 3, 4 and 9 onshore Oman, marking its entry into the Middle East. Mitsui, through Mitsui E&P Middle East BV, will divest 20 percent in Blocks 3 and 4 and […]
Lukoil, Russia’s energy giant, has seriously lost its grounds across Africa, due to United States sanctions. Sanctions have complicated the company’s potential continuity in operating its largest oil field projects, grappling its investment particularly in Republic of Ghana, Democratic Republic of Congo, and Federal Republic of Nigeria. Reports indicated the sanctions are further dismantling most of […]
Israel is expected to approve its $35 billion gas export with Egypt, worth an estimated $35 billion, amid pressure from the Trump administration. Under the deal, Israel will export 130 billion cubic meters of natural gas from the Leviathan gas field to Egypt with partners Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) guaranteeing a set price for […]