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ConocoPhillips gets judge to approve seizing of payments to Venezuela’s PDVSA

Judge Frank Seepersad said his decision was made as there is a risk that PDVSA will move assets from Trinidad’s jurisdiction to avoid paying ConocoPhillips, and pointed to PDVSA’s relocation of its European Headquarters to […]

US court overseeing Citgo share auction ends talks with Venezuela bondholders, filing shows

The court has not been able to reach an agreement with the bondholders and discussions are no longer active, Delaware District Court Special Master Robert Pincus said in a filing. The bonds were secured with […]

PETRONAS wins new oil and gas exploration concession onshore Abu Dhabi

(WO) – PETRONAS Abu Dhabi, a wholly-owned subsidiary of PETRONAS, was granted a new oil and gas exploration concession in Onshore Block 2, by the Supreme Council for Financial and Economic Affairs (SCFEA). […]

TotalEnergies strengthens U.S. upstream portfolio with Eagle Ford natural gas acquisition

(WO) – TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. […]

Oil steadies, but heads for weekly drop on firmer supply outlook

*Oil prices Singapore — Oil prices recouped losses on Friday to edge higher but stayed on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group […]

Shell discharges 1,298 barrels of crude into Rivers’ creek

*Oil spill polluted waters of the Niger Delta – Spill caused by operational failure – JIV– Environmentalist demands total cleanup, restoration Mkpoikana Udoma Port Harcourt — The Shell Petroleum Development Company of Nigeria, SPDC, discharged […]

South Sudan puts hope in oil and gas production to finance $1.6 billion budget

(Bloomberg) – South Sudan is pegging its hopes on the resumption of crude oil production to finance a $1.6 billion budget for the current fiscal year. The government proposes to spend 4.172 trillion South Sudan […]

DeepOcean secures long-term diverless subsea maintenance contract offshore UK

(WO) – A UK-based operator has awarded ocean services provider DeepOcean a long-term frame agreement for provision of diverless subsea inspection, maintenance and repair (IMR) services on the UK Continental Shelf (UKCS). Two call-offs have […]

Exxon plans $10bn oil investment in Nigeria, presidency says

*Doris Uzoka-Anite, Minister of Industry, Trade and Investment; Vice President Kashim Shettima; Shane Harris, Chairman /Managing Director ExxonMobil Affiliates in Nigeria; and Adesua Dozie, Regional General Counsel- Africa Upstream Vice Chairman, ExxonMobil Companies in Nigeria, […]

Shell scraps blue hydrogen project plans following refocus

*Shell personnel on an exploration rig Newswire – Shell Plc’s Norwegian unit won’t pursue a project that would have used natural gas from its Nyhamna processing facility to make blue hydrogen due to a lack […]