Hibiscus Petroleum has secured a 20-year extension for the PM3 Commercial Arrangement Area (CAA) production sharing contract (PSC) and upstream gas sales agreement (UGSA).
US crude oil stockpiles rose last week, driven by increased imports and a decline in exports to their lowest level since January.
If oil and gas are to maintain their place in the heart of the energy mix, both will need to decarbonise their upstream operations.
The BW Singapore floating regasification unit is set to commence operations in early May, enhancing Italy’s gas capacity.
US refiners are unlikely to make significant investments to process more domestic crude oil, impacting efforts to boost domestic oil output
TPAO has partnered with three Pakistani national energy companies to bid in Pakistan’s offshore oil and gas exploration tender.
Shell Offshore, a subsidiary of Shell, has commenced production at Dover, a subsea tieback project linked to the Appomattox production hub in the Gulf of America.
Snam has signed an agreement to acquire a 24.99% stake in Vier Gas Holding (VGH), which fully owns Open Grid Europe (OGE), for €920m ($1bn).
The Mozambique Government has reportedly approved Eni’s Coral Norte floating liquefied natural gas (FLNG) development plan.
NextDecade has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco.
