Sources say that Congo miners want to delay the 5% worker equity rule until July deadline.
According to three sources and a document, miners in the Democratic Republic of Congo want to delay a government directive that requires them to give a 5% stake to Congolese workers.
Japan's Cosmo energy to continue focusing on Middle East crude despite Iran War
The CEO of Japan's Cosmo Holdings said that despite the Iran War, the company will continue to focus on crude procurement in the Middle East and upstream investment, citing its cost-competitiveness…
Venture Global and Germany's EnBW extend partnership with new LNG contracts
Venture Global announced on Wednesday that it has expanded its agreement with Germany's EnBW to supply liquefied gas of about 0.82 million metric tons per year for five years starting in 2026.
IEA: Ukrainian attacks cause Russian oil production to fall 10% below target for May
The International Energy Agency (IEA), which is a part of the United Nations, said that Ukraine's attacks on Russia's energy infrastructure caused its crude oil production to…
MOL receives US license extension to negotiate the purchase of sanctioned NIS Oil firm, reports news agency
According to a report by the Serbian news agency Tanjug, the Office of Foreign Assets Control of U.S. Treasury has granted a license to Hungary's MOL energy company to negotiate…
Australian explosives maker Orica flags Ebola, coal risks
Orica, world's largest supplier of commercial explosives said Wednesday that it is facing a number of challenges in the?world, which could impact demand for its products, such as Ebola…
China taps deep shale deposits in Sichuan to boost its gas production
Sinopec experts and industry consultants say that China is increasing gas drilling in deeper, more ancient shale deposits of the Sichuan Basin, which could increase domestic production by over a third before 2035.
Equinor abandons target for renewable energy
In a Tuesday strategy update, the Norwegian oil and natural gas company Equinor announced that it had 'further reduced its ambitions in renewable energy,' dropping a target…
Syria signss deal with ConocoPhillips and Novaterra to revive its gas production
According to a 'joint announcement, the Syrian Petroleum Company (SPC), U.S. based ConocoPhillips, and energy company Novaterra signed a 'deal' in Damascus, Tuesday, to develop…
MOL Hungary, Gazprom Neft Russia, and Gazprom will get an extension of NIS talks
Serbian President Aleksandar Vucic announced on Tuesday that the initial deadline had expired. He said that the talks between Hungary's MOL and Russia’s Gazprom and Gazprom should be extended by 15 days.
Equinor abandons target for renewable energy
In a Tuesday strategy update, Equinor, the Norwegian oil and gas group, announced that it had further'scaled back' its renewable energy ambitions. It has dropped a 2030 target…
A Ukrainian drone strikes the largest refinery in Moscow Region
On Tuesday, a Ukrainian 'drone' caused a fire at the largest refinery in the Moscow region and damaged an 'a' facility. Oil producer Tatneft also announced a nationwide fuel purchasing cap.
Interfax reports that Tatneft, a Russian oil company, has limited sales at its stations.
Interfax reported that Tatneft, the Russian oil producer, has imposed restrictions on the sale of gasoline and diesel at all its stations in Russia. Interfax reported that a…
Sources: Inpex has shut down one LNG train in the Australian Ichthys plant because of a strike
?Japan’s Inpex shut down one of its two liquefied gas production trains?at the Ichthys facility in?Australia because of a strike. Two?people?with?knowledge of the matter?said on Tuesday.
Karoon Energy, Australia's largest energy company, reduces its output forecast for 2026 due to US project delays; shares fall
Karoon Energy, based in Australia, lowered its 2026 production forecast on Tuesday due to a technical problem that delayed output at its Who Dat U.S. project until next summer.
ConocoPhillips to sign agreement with Syria to restart gas production, reports FT
The Financial Times, citing people familiar with this matter, reported that U.S. Oil and?Gas Producer ConocoPhillips was set to sign a deal with Syria's new government to revive gas production.
Michael Belenkie, CEO of Advantage Energy, steps down. An interim leader is named.
Michael Belenkie, president, CEO, and board director of Canadian company Advantage Energy, announced on Monday that he has resigned, effective immediately, due to a shareholder push for'stricter financial oversight.
Energy shares drop as Iran deal reduces Hormuz disruption risks
U.S. Energy shares fell on Monday in premarket trading as crude prices dropped after Washington and Tehran reached a preliminary deal that could end the months-long conflict and open?the Strait of Hormuz. The?U.S.
Colombia's Ecopetrol signs final agreement with the main union
Ecopetrol, Colombia's state run oil company, has announced that it has signed a new collective bargaining agreement (CBA) with its main workers union (USO). The agreement reached…
Energy shares drop as Iran deal reduces Hormuz disruption risks
U.S. Energy shares fell on Monday in premarket trading as crude prices dropped after Washington and Tehran reached an initial agreement that could end months-long conflict, and reopen the Strait of Hormuz.
