Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a second consecutive week for the first time since August. The number of oil and gas rigs, a good indicator of future production, dropped by six in the week ending December 19. This is the lowest since September.
Putin warns about the risks to top oil producers in EU
Vladimir Putin, the Russian president, warned that international reserves held by the top oil producers of Europe could be at risk after discussions between EU leaders regarding using Russian assets to fund Ukraine. Putin's remarks targeted?some countries that hold the largest reserves in the world…
Lachlan Harris, an insider at Santos Australia, is named finance director
Santos announced on Friday that it had appointed Lachlan Harri as its new 'CFO'. The Australian gas producer is currently navigating a period of transition tied to the Barossa, and Pikka project. Sherry Duhe, the former CFO who left the position in October after just a year, was replaced by the new CFO.
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This comes at a time when the Australian company is trying to deliver on key projects in a?braced?for a glut of supply. Analysts say that the oil and gas company will continue to pursue its global growth strategy.
Sources say that the head of Pemex’s production division will step down soon.
Three sources have confirmed that Mexico's state-owned oil company Pemex will replace its head of exploration and production just months after his return to the position. The company is struggling to stop a drop in crude output. Angel Cid Munguia resumed his leadership role at Pemex Exploration and Production in early May.
Petrobras Strike-Hit P-40 Platform Shut Down After Gas Leak
According to the workers' union Sindipetro NF, a gas leak at Petrobras P-40 oil platform located in Brazil's 'Campos basin' on Thursday led to a preventive shut down of all activities. According to the Sindipetro-NF union, the platform in the Marlim Sul oil field was managed by a contingency…
Egypt claims gas deal with Israel as'strictly business'
Egypt said Thursday that the natural gas agreement with 'Israel is a purely commercial arrangement without any political dimension. It was concluded by private energy companies under market rules, with no direct government involvement. Israel approved on Wednesday an export agreement signed…
Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She made an immediate impression when she took over at Australia's Woodside Energy and secured a deal which doubled the company's production portfolio. Woodside's acquisition of BHP petroleum assets…
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after BP's?chief executive Meg O'Neill's unexpected departure for the top position at BP. This comes as the Australian 'firm' is trying to deliver key projects on a market that's braced for an oversupply. Analysts say that the oil and gas "producer" is expected to continue with its global strategy of growth…
Why US producers are paying attention to Canada's most popular shale play
Executives, analysts, and advisors say that U.S. producers of oil and gas are seeking new drilling territories in Western Canada's Montney Basin, an enormous shale play in a remote area. The basin is already a hub of M&A and may see even more deals in the near future. The United States has…
The new BP CEO has a long-lasting legacy at Australia's Woodside
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based oil giant. She made an immediate impression when she took over at Australia's 'Woodside Energy', securing a deal which doubled the production portfolio. Woodside's acquisition of BHP’s…
The new BP CEO has a long-lasting legacy at Australia's Woodside
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the venerable London based major. She made an immediate impact when she took over at Australia's Woodside Energy and secured a deal which doubled the production portfolio. Woodside's acquisition of BHP…
Wall Street Journal, December 18,
These are the most popular stories from the Wall Street Journal. These?stories have not been verified and we cannot vouch for their accuracy. Elliott Investment Management, an activist investor group, has built up a stake in Lululemon Athletica of more than $1 billion. It is now bringing…
Japan's JAPEX purchases US tight oil assets and gas assets for $1.3 billion
Japan Petroleum Exploration Co. (JAPEX), which owns tight oil and natural gas assets in the U.S.A., announced on Thursday that it had 'decided' to purchase the entire equity stake?in Verdad Resources Intermediate Holdings LLC (VRIH) for $1.3 billion. JAPEX will buy the entire VRIH with assets…
Bolivia president removes fuel subsidies
Bolivian President Rodrigo Paz who was elected last month said on Wednesday that his government will remove the 'long-standing' fuel subsidies to help shore up the public finances. Paz stated that the details would be outlined in a future government decree. However, they appeared to apply to the agricultural and business sectors immediately…
Australian shares continue to fall on the back of the mining slump, Woodside falls on CEO's surprise departure
The Australian share market was set to record a fourth consecutive day of losses, led by the miners. Meanwhile, energy stocks fell as Woodside Energy dropped after it announced its departure. As of 2322 GMT, the S&P/ASX 200 was down 0.2% at 8,567.70. The benchmark closed Wednesday 0.2% lower.
BP appoints Woodside's Meg O'Neill to be CEO following Auchincloss' abrupt departure
BP, a major oil and gas company, announced that it has appointed Meg O'Neill as its 'CEO', effective April 1, after abruptly removing 'Murray' Auchincloss. O'Neill is the first CEO to be appointed by BP from outside of the company, and the first female to lead any of the top five oil companies in the world.
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes ended lower on Wednesday. The S&P 500, and the tech-heavy Nasdaq fell to new lows in three weeks as persistent concerns about the artificial-intelligence trade weighed down technology stocks. Oracle fell 5.4% following a report that said Blue Owl Capital, the largest cloud data center partner of Oracle…
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes fell on Wednesday, as the S&P 500 and tech-heavy Nasdaq sank to three-week lows. Worries about artificial intelligence trade continued to weigh on technology stocks. Oracle shares fell after a report stated that Blue Owl Capital, the largest data center partner of Oracle's cloud company…
Wall Street drops as AI funding worries hit tech stocks
Wall Street's major indexes dropped on Wednesday. The?S&P 500, and the tech-heavy Nasdaq were at their lowest levels in three weeks as nagging concerns about?the??artificial intelligence? trade weighed down on technology stocks. Oracle shares fell by nearly 5% following a report that said Blue Owl Capital…
Netanyahu: Israel has approved a natural gas agreement with Egypt
Israel approved a deal to supply natural gas to Egypt. Israeli Prime Minister Benjamin Netanyahu announced the deal on Wednesday. He called it Israel's "largest-ever" gas deal. Israel signed an export agreement with Egypt in August to provide up to $35 billion of gas from the Leviathan natural gas field.
Carlyle hires Goldman Sachs to bid for Lukoil assets
Two sources familiar with the matter said that Carlyle, the U.S.-based private equity firm, has hired Goldman Sachs for its bid to acquire Lukoil's assets. The race for the Russian oil company's foreign portfolio is heating up. Carlyle and?U.S. Sources have confirmed that Exxon Mobil, Chevron…
The UK has exempted Egypt's Zohr Gas Field from Russian sanctions
Britain added Egypt's Zohr Gas Field, where Russian oil major Rosneft has a 30% stake - and London-based BP a 10% one – to a list of projects that are exempted from its Russia sanctions. In October, Britain and the United States sanctioned Russia's two largest oil companies, Rosneft, and Lukoil for their involvement in funding Moscow's invasion in Ukraine.
The UK has exempted Egypt's Zohr Gas Field from Russian sanctions
The UK added Egypt's Zohr Gas Field, where?Russian oil giant Rosneft has a 30% stake? and London-based BP has a 10%?holding?, to a list that exempts Russia sanctions. In October, Britain and the United States sanctioned Rosneft, one of Russia's largest oil producers, for their role in financing Moscow's invasion in Ukraine.
Wall St. inches up as investors focus on policy outlook; Oracle slips
Wall Street's major indexes rose slightly in volatile trading Wednesday as investors sought clues about the future of interest rates. However, caution was still evident following reports that Oracle's plans for data centers were facing funding hurdles. Oracle shares fell by 2.8% following a report that Blue Owl Capital…
Document shows that RPT-Mexico’s Pemex awarded five contracts to boost oil production, but failed to attract big players.
According to four sources with knowledge of the matter, and to a document viewed by us, the Mexican state oil company Pemex has signed five of the eleven new joint venture agreements it planned to sign before the year's end. Pemex, however, was unable to 'attract' major companies and the…
Wall St futures rise as investors look at more data and geopolitics
U.S. Stock Index Futures climbed a little higher on Wednesday, as investors waited for more economic data in order to determine the direction of monetary policy. They also monitored geopolitical tensions that were escalating in Venezuela. This pushed oil prices up. Later in the day, a number…
EnQuest, a UK-based company, expects to exceed its production target for 2025
EnQuest, a North Sea oil producer, said on Wednesday that it expected to reach or even exceed its forecasted output of 40,000-45,000 barrels equivalents per day (boepd), as it increased expansion in Southeast Asia. Along with other energy companies, the company is investing in gas production…
Vitol to lend $2 billion to Uganda's state oil company
According to an official from the finance ministry, Uganda National Oil Company, owned by the state, plans to borrow 2 billion dollars from a division of global commodities trader Vitol in order to fund infrastructure projects including a crude refinery. In early this year, the east African…
Petrobras enters Brazil's solar energy sector with deal for Lightsource bp subsidiary Lightsource Bp 49.99%
The state-owned oil company of Brazil, Petrobras, has signed a deal with Lightsource bp to purchase 49.99%?of its subsidiaries in the country. The partnership will be structured in a 'joint venture' and aligned with the Brazilian company's 2026-2030 plan for diversifying its portfolio. The agreement did not disclose any financial details.
Document shows that Mexico's Pemex awarded five contracts to boost oil production, but failed to attract big players.
According to sources familiar with the situation and a document viewed by us, the Mexican state oil company Pemex awarded five out of the 11 joint venture contracts that it planned to sign before the year's end. Pemex, however, was unable attract major companies and the production that these…
Action Energy will begin trading on the Boursa Kuwait Premier Market on Wednesday
The exchange announced that the shares of oilfield services provider Action Energy Company would begin trading on Boursa Kuwait Premier Market on Wednesday under a ticker symbol ALF?TAQA. Kuwaiti company AEC was founded in 2015. It provides services such as drilling, exploration, production…
UK's FTSE 100 drops as oil and defence stocks weigh on the index; domestic unemployment rises
?London's FTSE 100 fell on Tuesday due to losses in energy stocks and defence stocks. Investors also assessed new jobs data which reinforced expectations of a rate cut from the Bank of England in the coming week. The UK blue-chip FTSE 100 index fell by 0.3% at 1022 GMT, after closing 1% higher in the previous session.
Japanese companies to gain more control over LNG joint ventures with state-backed groups
The industry ministry announced on Tuesday that Japanese companies would gain more control over JOGMEC-backed liquefied natural gas joint ventures and recover their investments faster as part of measures aimed to strengthen the nation's security in energy. The Ministry of Economy, Trade and…
Japan wants to give partners of state entities more flexibility to secure LNG supplies
The industry ministry announced on Tuesday that Japanese companies would be able to exercise more control over JOGMEC-backed liquefied gas joint ventures and also recover their investment faster. At a meeting of the committee on fuel and resource policy, the Ministry of Economy, Trade and…
FT reports that US investor Kimmeridge has offered $6 billion to gas driller Ascent Resources
The Financial Times reported that activist investment firm Kimmeridge Energy Management had made a $6 billion bid to buy Ascent Resources. FT reported that the bid was the latest attempt to stop Energy & Minerals Group (EMG), a private equity firm backing Ascent, from selling a stake of more than 30% in the company to another fund…
Shell mergers chief Greg Gut quit after CEO blocked BP bid, FT reports
The Financial Times reported on 'Tuesday that Shell's head of mergers Greg Gut had left the oil giant after CEO Wael Sawan and top executives rejected an internal proposal to??buy rival BP? this year. Gut and the M&A Team pushed for a BP deal early this year. Andrew Mackenzie, chair of the board, was said to have been interested.
Japan's JX claims its Pan Pacific Copper division sold stake in Peruvian mining to Glencore
JX Advanced Metals, a Japanese company, announced on Tuesday that its Pan Pacific Copper (PPC), unit had sold its entire stake to Swiss miner and trader Glencore in the Quechua copper project in Peru. The price was not disclosed. JX is reorienting its portfolio away from mining and towards its advanced materials operations.
Japan's JX claims its Pan Pacific Copper division sold stake in Peruvian mining to Glencore
JX Advanced Metals, a Japanese company, said on Tuesday that its Pan Pacific Copper unit (PPC)?sold to Glencore its entire stake in a?copper?project in Peru for an undisclosed amount. Its portfolio towards its advanced materials business, and away from more volatile mining operations. PPC…
Solarig, a Spanish company, invests over $400 Million in Poland in biomethane facilities
Solarig, a Spanish renewable developer, announced on Monday that it would invest more than 1.5 billion zlotys ($415 millions) in Poland to build and operate 20 biomethane plant over the next five-year period. Solarig's Biorig subsidiary, which also develops similar portfolios in Spain and Italy, will deploy the investment.
Source: Crypto exchange Hashkey raises $206 million in Hong Kong IPO
HashKey Holdings is Hong Kong's biggest licensed crypto exchange and will?raise approximately HK$1.6billion ($206m) after pricing their Hong?Kong IPO at HK$6.68 a share, a reputable source said on Monday. HashKey has launched its IPO last Thursday, offering 240.6 millions shares at HK$5.95 - HK$6.95 per share.
Kazakhstan to see arbitration decision on Karachaganak by year's end
Yerlan Aktenzhenov, Kazakhstan's Energy Minister, said on Monday that a decision in the arbitration?case involving a consortium of international companies developing the Karachaganak -oil -and -gas condensate?field?would be expected by year's end. Akkenzhenov told reporters in Astana that…
Baker Hughes reports that US drillers have cut back on oil and gas rigs a second time in the last three weeks.
Baker Hughes, a leading energy services company, said that U.S. firms cut back on the number of natural gas and oil rigs for a second consecutive week in its closely watched report published Friday. The oil and natural gas rig count fell to 548, the lowest level since November 26, a good indicator of future production.
FTSE 100 drops as Wall St mood soudains
London's FTSE 100 sank on Friday as a Wall Street sell-off fueled by?AI angst ruined the mood on European markets. Blue-chip index FTSE 100? declined by 0.6% after a rise of up to 0.6%. The mid-cap FTSE 250 Index also retreated from its early highs, gaining 0.1%. Both indices have recorded a second week of declines. U.S.
UK shares rise as precious-metal miners shine, BoE in focus
The main UK stock indexes rose on Friday. A gauge of precious-metal miners reached a new record high after a spectacular rally in gold and Silver prices this year, as traders priced in further U.S. rate cuts. The blue-chip FTSE 100 index rose by 0.3% at 1144 GMT while the?midcap FTSE 250 increased by 0.7%.
Harbour Energy acquires North Sea assets worth $170 million; shares increase 6%
Harbour Energy announced on Friday that it had agreed to purchase all of the subsidiaries of Waldorf Energy Partners and Waldorf Production, which are currently under administration in the UK North Sea, for $170 millions, sending its share price up by nearly 6%. The deal will see Harbour increase its interest in 'its operated Catcher oil field to 90%…
Carnelian, a buyout firm, raises eyebrows by trying to sell multiple assets in the energy sector.
Carnelian Energy Capital is selling six of its North American oil-and-gas production investments. This comes at a time when private equity firms are under increasing pressure to return more cash to investors and increase their exits. The move, which represents most of Carnelian's oil and gas producing companies…
Congo pledges to maintain cobalt quotas, as exports return 'within a few days'
After a month-long ban on exports, the Democratic Republic of Congo introduced quotas to limit oversupply, stabilize prices, and curb oversupply. The exports halted as companies waited to be sure of compliance. Congo's Chambers of Mines?said that in a letter sent to the Ministry of Mines, it sought to speak with regulator ARECOMS about?delays?
Senegal retracts minister's comments on nationalisation of gas fields as the end of licence nears
The Senegal energy ministry retracted its previous statement on Thursday that it intended to nationalise Yakaar Teranga, a U.S.-owned gas field. Both parties indicated the licence would be handed back to the state in July next year. Birame Souleye Diop, Senegal’s Energy Minister, said Tuesday that the government wants to nationalize Yakaar Teranga.
Suncor trims budget and projects increased oil and gas production in 2026
Suncor Energy forecast lower spending for 2026, despite increased oil and gas production. The company will tighten?costs, and increase shareholder returns through an expanded buyback plan. Suncor's outlook is similar to that of Canadian Natural Resources, Cenovus Energy and other oil sands producers in Canada.
OPEC data show that Russian oil production increased in November.
OPEC data on Thursday showed that Russian oil production increased in November by 10,000 barrels per day, up from October. This was after the OPEC+ group agreed to a moderate increase in output quotas. OPEC+ (which includes the Organization of the Petroleum Exporting Countries, Russia, and…
Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom that has reshaped the global energy markets over the last 15 years. But drilling innovations will ensure that the output of America's most prolific patch of oil will remain stable for many years.
Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom that has reshaped the global energy markets over the last 15 years. But drilling innovations mean that output in America's largest oil patch will remain stable for many years. In its latest Short-Term Energy Outlook, the U.S.
BP and Chevron top the list of bidders in Trump's first Gulf of Mexico Oil and Gas auction
BP, Chevron, and Shell were the top bidders at the first U.S. Government sale of oil and natural gas drilling rights for the Gulf of Mexico since 2023. The auction ended with a total of $279.4 millions in "high" bids. It was the first out of 30 required by President Donald Trump's tax cuts and spending bill that he signed in July.
US permits negotiations over Lukoil’s foreign assets to take place until January 17, 2019.
The United States extended Wednesday a deadline for negotiations to buy the global assets of Russian Oil?company Lukoil. It was originally set at?January 17th. Lukoil's assets were put up for sale soon after President Donald Trump imposed sanctions against the two largest Russian energy companies on October 22…
Romania extends OMV Petrom Permits; Onshore royalty tax will jump
The coalition government of Romania announced on Wednesday that it had extended exploration and production licenses for energy group OMV "Petrom" (and agreed to increase its onshore royalties by approximately 40%). OMV Petrom is a majority-owned company by Austrian OMV. It supplies a third of Romanian gas, fuels, and electricity.
Croatia's INA confirms the discovery of new gas reserves on the northern Adriatic
The Croatian oil company INA (part of the Hungarian MOL Group) announced on Wednesday that it had confirmed large natural gas reserves in the northern Adriatic. In a press release, the company said that the results of the first of the two planned wells showed daily production of 120,00 cubic metres of gas.
US auctions first Gulf of Mexico Oil and Gas since 2023
On Wednesday, the Trump administration will conduct the first government sale of oil-and-gas drilling rights in Gulf of Mexico?since 2023. This is a test of the industry's appetite?for offshore acres at a moment when the United States?is trying to increase domestic fossil fuel production.
Senegal plans to nationalise Kosmos-run Yakaar-Teranga gas project
The Senegal's Energy Minister said that the country plans to nationalise Yakaar-Teranga, a gas project operated by Kosmos and estimated to be?one of the largest discoveries made in recent years?, to meet its domestic gas needs. Kosmos Energy has a 90% share and will operate the Yakaar Teranga field after BP decides to leave in 2023.
Nigerian oil companies strike deals with flare-gas to reduce emissions and boost energy
Heirs Energys, a Nigerian oil company and the state-owned NNPC announced on Wednesday that they had signed agreements to capture and monetise the gas that is otherwise wasted by flaring. Flaring is the act of burning fuel in the open. Nigeria has the largest gas reserves in Africa and relies on gas to fuel industrial growth and reduce emissions.
Venture Global responds to Shell's fraudulent claims in LNG arbitration
Venture Global responded late Tuesday night to Shell's legal challenge over the oil major losing an arbitration case involving liquefied gas cargoes. They rejected Shell's allegations of fraud and accused Shell of violating arbitration confidentiality. The legal documents filed in New York…
Venture Global responds to Shell's fraudulent claims in LNG arbitration
Venture Global responded late Tuesday night to Shell's legal challenge over its loss in an arbitration case involving liquefied gas cargoes. The company rejected allegations of fraud, and accused Shell of breaching arbitration confidentiality. The legal documents filed in New York Supreme…
Shell In Advanced Discussions to Buy LLOG Exploration for Over $3B
Shell is in advanced discussions to buy LLOG Exploration offshore in a deal valued at more than $3 billion. This would increase the oil major's portfolio of upstream oil and gas producers by acquiring one of the biggest privately owned oil and natural gas producers in the U.S. Gulf. Sources said that the parties were in advanced talks…
Teck Resources shareholders approve merger With Anglo American
Shareholders in the Canadian miner Teck Resources voted on Tuesday for the merger with Anglo American. This allows both companies to proceed to the next step of seeking approvals from regulators around the world. Teck and Anglo American announced their merger in September in a $53 billion all-stock deal, creating the fifth largest copper miner on the planet.
Exxon predicts increased earnings and oil production by 2030
Tuesday, Exxon Mobil announced that it would target a $25 billion?earnings increase from 2024-2030. The company will also?increase its oil and gas production. Exxon's earnings forecast represents a $5-billion increase over its previous plan. However, Exxon plans to maintain the same spending targets of $28 billion - $30 billion annually through 2030.
Cobalt hydroxide, a key component in EV batteries, has seen its price rise due to export restrictions from Congo
Sources in the industry said that prices of cobalt hydrxide, which is used to make chemicals for electric vehicles batteries, have increased sharply this past year due to cobalt export limitations from the top producer Democratic Republic of Congo. Congo suspended cobalt exports from February to October.
TotalEnergies consolidates its position in Namibia with the Galp asset exchange
TotalEnergies cemented its position in Namibia by agreeing on an asset exchange with Portugal's Galp, which makes the French company the operator for the Mopane exploration. Galp will receive a 10% stake in Total's PEL56 license, which holds the Venus discovery. It will also get a 9.4% share in the PEL91 license.
Canada's new oil tycoon is shaking up the sector with a bold expansion plan
Canadian banker-turned-oil-tycoon Adam Waterous, an industry outsider who lives in a Rocky Mountain tourist town, not energy hub Calgary, has a plan to cement his company's status as one of ?North America's fastest-growing oil companies. Waterous wants to expand the company more aggressively…
Australia is preparing to review its gas market, which could affect LNG exports
Australia will soon issue a review of the gas market that could limit exports from its east coast. Three operators, led by Shell and Santos, send cargoes to Asia. They said that the review, which they expect Canberra to release this week, may 'include a plan for LNG exporters to prioritize local supply in the populous east…
Separatists claim control over southern Yemen
DUBAI, 8 December - Yemen's southern separatist group has claimed control of large areas of the country, including the port city Aden, which had been the base for the Saudi-backed and internationally recognised government. The Southern Transitional Council reported that senior figures of other groups…
Antero will buy HG Energy’s gas assets for $2.8 billion
Antero Resources announced on Monday that it will buy assets from privately-held HG Energy for $2.8 billion as part of its expansion plans. Separately Antero Midstream will purchase HG Energy's Midstream assets, which includes gathering and water services, for $1.1 billion. Antero now has natural gas reserves in the U.S. at a time of soaring U.S.
Eskom reports that South Africa is looking for ways to assist ferrochrome companies.
Eskom, the state-owned power utility, announced on Monday that it is looking for ways to support South Africa's ferrochrome sector. Eskom stated in a press release that the memorandum with the two companies was the result of constructive discussions on Friday between the minister of electricity and the energy of the country and the trade unions.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas…
Congo miners urge urgent talks on clearing cobalt export backlog
Congo's mining industry has called on the government to hold urgent discussions in order to clarify the new rules for cobalt export. They also said that legal ambiguities, compliance obstacles and delays could cause global battery supply chains to be disrupted. After a month-long ban on cobalt exports…
Yemeni separatists take control of certain areas from the Saudi-backed government after a long lull
DUBAI, December 8 - A group of separatists in the south Yemen claims to have seized vast territory from the internationally recognized government. This includes some oil fields. The new instability comes years after the majority of fighting in Yemen's civil conflict subsided. Last week, the Southern Transitional Council (STC)…
Document shows that Shell has been approved as the majority partner of PetroSA in the block offshore South Africa.
A document obtained by revealed that South Africa's national oil company PetroSA has approved the deal for Shell Offshore to receive a 60% share in Block 2C off its west coast. The agreement, if it is successfully concluded, will increase Shell's exposure in the Orange Basin. This area has…
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas…
Australia's Waitsia Project begins sending gas to LNG export
Beach Energy, an Australian company, announced on Monday that the Waitsia onshore project located north of Perth has begun sending natural gas to Woodside Energy's liquidified natural gas export facility. Mitsui, a Japanese company, operates the Waitsia Project and shares it with Beach. Mitsui…
Qatar is hopeful that the EU will solve corporate concerns about sustainability laws within a year.
Qatar's Energy minister Saad Al-Kaabi stated on Saturday that he hoped the European Union will resolve concerns about its sustainability laws before the end of December. Qatar has expressed its dissatisfaction with the EU Corporate Sustainability Due Diligence (CSDDD), and has threatened gas supply.
Baker Hughes reports that US drillers have added rigs to their fleet for the fourth time in just five weeks.
Baker Hughes, a leading energy services company, said that U.S. companies added drilling rigs this week for the fourth time within five weeks. The number of oil and gas drilling rigs, a good indicator of future production, increased by five in the week ending December 5. This is its highest level since late November.