TotalEnergies has agreed to acquire the 25 % interest held by Moeve (formerly CEPSA) in Block 53 offshore Suriname, expanding its position in a basin the company already operates.
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations.
Supplies of gas are expected to fall at least 10% short of demand next year, compared with 5% currently, according to the commodities exchange. In a worst-case scenario, the shortfall could reach as high as 20%.
The number of rigs drilling for crude in the U.S. declined for the longest weekly streak in about five years as shale explorers shrugged off a recent jump in crude prices.
France’s TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina, according to people familiar with the matter.
LNG imports into China, the world’s top buyer of the super-chilled fuel, continue to be weaker than the prior-year month for the eighth consecutive month in June, according to ship-tracking data from Kpler cited by Bloomberg.
China is on track to import about 5 million tons of LNG this month, per Kpler’s data. This volume, if confirmed, would be a 12% decline compared to June last year.
On Monday June 23, 2025, Iran launched a missile strike on the U.S. Al-Udeid Air Base in Qatar—a retaliatory move following U.S. airstrikes on Iranian nuclear facilities over the weekend. Explosions were reported near Doha, and additional strikes were reported against American assets in Iraq.
Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East.
Equinor and Shell have unveiled Adura as the name of their new incorporated joint venture, set to become the UK North Sea’s largest independent oil and gas producer, the companies said on Thursday.
Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development. The plan for development and operation was today submitted to the Minister of Energy, Terje Aasland.
The deployment, completed earlier this year, integrates the second-generation sensors directly into the rig’s drilling control network, giving crews instant feedback on the status of fingerboard latches inside the derrick and reducing the risk of dropped-objects (DROPS) incidents.