India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas, faced major disruptions due to restrictions on the Strait of Hormuz during the conflict between the US and Iran.
For 75 years, petroleum has been the dominant source of U.S. energy consumption. By the end of the decade, natural gas is expected to overtake oil for the first time, marking a major shift in the nation’s energy mix.
TotalEnergies is offering millions of barrels of Iraq’s Basrah Medium and Basrah Heavy crudes for prompt delivery to Asia this month and next, traders who had received some of these offers told Bloomberg on Friday.
TotalEnergies has agreed to sell its minority non-operated interest in the Marjoram gasfield offshore Malaysia to INPEX for USD 350 million, the companies said on Thursday.
The South Australian government has awarded Santos Ltd a 10-year contract to supply 200 petajoules of domestic natural gas to the state from 2030.
Iraq signed a five-year agreement with U.S. oilfield services company Halliburton to manage and develop the Bin Umar and Sindbad oil and gas fields in the southern province of Basra, advancing the government’s strategy to expand hydrocarbon production and strengthen fuel supplies for the domestic power sector.
KONGSBERG has been awarded a contract to provide underwater surveillance and protection technology for critical infrastructure, supporting the security of offshore energy assets and other essential facilities for an undisclosed international customer.
XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, expanding its ownership across all five liquefaction trains currently under construction at the export facility.
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
Altera Infrastructure has signed the principal agreements to supply a new floating production, storage and offloading (FPSO) vessel for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire, marking a key milestone in the expansion of one of West Africa’s largest offshore oil and gas projects.