Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
TotalEnergies, SOCAR and XRG have taken FID on the full-field Absheron development offshore Azerbaijan, targeting 6 Bcma of gas and 47,000 bpd of condensate from 2029.
Read MessageIran's foreign minister says talks are the only way to break the deadlock, while its navy says it's analyzing data from a captured U.S. underwater drone.
Read MessageThe European Union opened the door to oil and gas importers getting an extra year to prepare for the bloc's methane reporting rules, in a bid to safeguard energy security amid disruptions caused by the Iran war.
Read MessageTrump expects renewed U.S. bombing of Iran after the midterm elections, The Wall Street Journal reports, as Saudi-backed forces intercept projectiles.
Read MessageIraq's state-owned marketing company is offering buyers last-minute crude cargoes, according to people with direct knowledge of the matter, as sky-high freight rates complicate the purchase of shipments from deep inside the Persian Gulf.
Read MessageThe Railroad Commission of Texas has named Worth Farabee its new Government Relations Director, bringing nearly two decades of legislative and government affairs experience to the state's energy regulator.
Read MessageCrude declined on hopes for a US-Iran breakthrough, though tight physical supplies continue to support the market.
Read MessageOil prices have long been a way for investors to hedge supply shock inflation but to gain from rising prices in a resource-short world that trade is too narrow.
Read MessageABL will support Allseas’ single-lift removal of Equinor’s Statfjord A topside, with Pioneering Spirit’s lifting capacity upgraded to 60,000 tonnes for the North Sea decommissioning project.
Read MessageEnergy Workforce is urging policymakers to reject a U.S. diesel export ban, warning it could force Gulf Coast refiners to cut production while calling for temporary tariff relief on critical energy components instead.
Read MessageNavitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa, where the partners have identified more than 3.6 Bbbl of unrisked prospective oil resources and plan two exploration wells.
Read MessagePresident Donald Trump's economic advisers are analyzing the ramifications of a potential short-term ban on U.S. diesel exports, underscoring the seriousness of the administration's consideration of the idea.
Read MessageUkraine said it hit two more Russian oil refineries as the warring countries continue strikes against each other despite both sides earlier this week holding talks with the U.S., which wants targeting of energy assets to halt.
Read MessageWhiteHawk completed acquisitions worth a total of $111.8 million including mineral and royalty natural gas assets in the Haynesville shale and the Appalachian Basin's Marcellus and Utica formations.
Read MessageThe Henry Hub natural gas spot price averaged $2.93 per million British thermal units from June through August, 6% less than the same period last year. Prices were lower this summer despite exceptionally hot weather that increased electricity demand for air conditioning. Natural gas-fired power plants often help meet higher demand during such periods.
Read MessageSpiritus signed three letters of intent with oil and gas operators in the United States Gulf Coast, Midwest and Rockies to supply over three million metric tons of carbon dioxide per year for enhanced oil recovery.
Read MessageTotalEnergies' board reaffirmed the French energy giant's governance structure and a growth strategy that sticks with oil and gas while expanding integrated power.
Read MessageINPEX raises its stake to over 68 percent.
Read MessageThe Netherlands wants to scrap mandatory gas storage targets under a revamp of the European Union's energy supply security rules after spending nearly EUR 1 billion this year to fill the country's reserves.
Read MessageThe remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.
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