The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine.
ExxonMobil Corp. is betting the economic boom unleashed by its giant discovery in Guyana will give the company an edge when negotiating fiscal terms with other nations looking to develop their own oil and gas reserves.
Fears of a global oil glut that had been expected to crater crude prices are fading amid resilient energy demand, according to Permian basin driller Diamondback Energy Inc.
CH4 Systems LLC has formed a strategic alliance aimed at enabling U.S. energy companies to restore Venezuela’s oil and gas infrastructure under a U.S. governance framework.
State-held Kuwait Petroleum Corporation (KPC) is considering following in the footsteps of its Saudi and Abu Dhabi peers by tapping major international infrastructure investors to buy a stake in its crude oil pipeline network in a deal that could be valued at about $7 billion, sources with knowledge of the plan told Reuters.
Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said on Tuesday
The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted Moscow to turn to using a larger fleet of supertankers—vessels capable of carrying 2 million barrels of crude.
Kosmos Energy Ltd signed a deal to divest its 40.375 percent non-operating stake in the Ceiba field and the Okume Complex offshore Equatorial Guinea to partner Panoro Energy ASA for up to $219.5 million, the companies said Tuesday
Technip Energies has secured a contract from Mozambique Rovuma Venture (MRV) to advance the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, marking progress on the country’s second floating LNG development.
Murphy Oil has plugged and abandoned its Caracal-1X exploration well offshore Côte d’Ivoire after the well encountered hydrocarbon shows, but failed to establish commercial volumes.