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COP29 establishes $300bn annual finance goal by 2035 to address climate change
The UN Climate Change Conference (COP29) has set a global finance target of $300bn per year to support developing nations addressing the impacts of climate change.
ADNOC considers selling stake in Adnoc Gas amid strategic expansions
Abu Dhabi National Oil Company (ADNOC) is reportedly contemplating the sale of a 3-5% stake in Adnoc Gas.
Eni launches Nguya FLNG hull in China, advancing Congo LNG Phase 2
Eni has launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility at the Wison shipyard in Nantong, China.
QatarEnergy to acquire additional stakes in Namibian offshore blocks from TotalEnergies
QatarEnergy has entered into an agreement with TotalEnergies to acquire additional interests in two offshore blocks in Namibia’s Orange Basin.
ConocoPhillips finalises Marathon Oil acquisition, enhancing its portfolio and market position
ConocoPhillips has announced the completion of its acquisition of Marathon Oil Corporation.
Kuwait Petroleum plans $33bn investment to increase oil production
Kuwait Petroleum has announced a $33bn investment strategy up to 2029 to enhance its oil production capacity.
Petrobras to distribute up to $55bn in dividends by 2029
Brazilian state-controlled oil company Petrobras will distribute $55bn in dividends up to 2029 as part of its five-year business strategy.
bp announces $7bn investment in Indonesia’s Tangguh UCC project
bp has announced an FID for the $7bn Tangguh Ubadari carbon capture, utilisation and storage (CCUS) and compression project (UCC).
Ithaca Energy shares surge following $200m special dividend
Ithaca Energy’s shares rose after the British oil and gas producer announced a $200m special dividend following its merger with ENI UK.