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Tullow Oil Seeks Recovery of Over US$200 Million from Ghana Government

Oil & Gas | intent | November 25, 2025 | Comment off

Tullow Oil plc is working to recover more than $200 million in outstanding payments from the Government of Ghana, a situation placing significant pressure on the London-listed company’s cash flow as it races to refinance its debt structure ahead of a May 2026 bond maturity. The receivables, which include approximately $100 million in gas payments, TEN development debt, and overdue cash calls, stood at over $200 million net to Tullow as of the end of October, according to the company’s November trading update.

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Supertanker Rates Skyrocket as Asia Rushes to Replace Russian Oil

Oil & Gas | intent | November 24, 2025 | Comment off

Supertanker rates on the route between the Middle East and China hit their highest in five years as traders sought alternatives to Russian crude, Bloomberg has reported, citing a daily rate of $137,000 for last Friday. Friday was when the latest U.S. sanctions against Russia’s two top exporters, Rosneft and Lukoil, came into effect, spurring action […]

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ExxonMobil halts US blue hydrogen project on weak demand

Oil & Gas | intent | November 24, 2025 | Comment off

US major ExxonMobil has paused plans to develop a large-scale blue hydrogen production facility in Baytown, Texas, due to insufficient customer demand, Reuters reported on Friday. The company aimed to produce 28.3 mcm (1 bcf) per day of blue hydrogen at its Baytown refining and chemical complex, with captured carbon dioxide stored underground. However, high production costs […]

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Baker Hughes Books 1.3 GW Gas Turbine Order from Dynamis

Oil & Gas | intent | November 24, 2025 | Comment off

Dynamis Power Solutions LLC has awarded Baker Hughes Co a contract for the supply of 25 aeroderivative gas turbines with a combined capacity of 1.3 gigawatts (GW). The turbines, including LM2500, LM6000 and LM9000, will be deployed for “mobile power generation across a wide range of oil and gas applications, including upstream, refining and petrochemical”, […]

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IHC ‘interested’ in Russian Lukoil’s foreign assets

Oil & Gas | intent | November 24, 2025 | Comment off

Abu Dhabi conglomerate International Holding Company has told the US treasury it is interested in buying Russian oil group Lukoil’s foreign assets, the company said in response to a Reuters enquiry. IHC, the Abu Dhabi conglomerate led by the UAE’s Sheikh Tahnoon bin Zayed Al Nahyan, joins a growing list of potential bidders for Lukoil’s global […]

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