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TotalEnergies buys more gas assets in Texas to boost value chain

WHY IT’S IMPORTANT TotalEnergies’ is one of the top exporters of U.S.-made Liquified Natural Gas (LNG), facing particularly high demand as many countries in Europe and elsewhere shift away from coal and cheap Russian gas […]

ExxonMobil weighs $10 billion Nigerian offshore oil investment, government reports

(Bloomberg) – ExxonMobil is considering investing as much as $10 billion in Nigeria’s offshore oil industry over the coming years, despite finalizing the sale of shallow-water assets to a local firm, the country’s government said. […]

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OPEC+ set to go ahead with Dec oil output hike, sources say

The sources said the plan didn’t represent any major change from existing policy after the Financial Times reported Saudi Arabia is committed to OPEC+ raising production on Dec. 1 and dropping its unofficial $100 a […]

‘Petrobras’ focus remains Brazil despite Africa plans’

Rio de Janeiro — The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as […]

CNOOC begins natural gas production from deepwater, high-pressure field offshore China

(WO) – CNOOC Limited announced that its Shenhai-1 Phase II natural gas development offshore China has commenced production. The project is located in the Qiongdongnan basin, northern South China Sea, with an average […]

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The court has not been able to reach an agreement with the bondholders and discussions are no longer active, Delaware District Court Special Master Robert Pincus said in a filing.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