Company News
ExxonMobil transfers 50% interest in Suriname’s Block 52 to PETRONAS
ExxonMobil Exploration & Production Suriname, an affiliate of ExxonMobil, has announced its withdrawal from Block 52 located offshore Suriname.
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Analyst Comment
Trump, energy, Russia, and OPEC: volatility
Trump’s return as president, OPEC, and Russia are leading the world into suspense and cliff-hanging anticipation of market volatility.
ExxonMobil
ExxonMobil and LG Chem sign lithium supply MOU
Exxon Mobil and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multi-year offtake arrangement, potentially covering up to 100,000 metric tonnes (mt) of lithium carbonate.
Company News
Norway’s Johan Sverdrup oilfield resumes production post-outage
Equinor and partners have resumed production at the Johan Sverdrup oilfield in the Norway North Sea after a power outage.
Company News
Trinidad and Tobago signs PSA with bp for Block NCMA2
Trinidad and Tobago has signed a production sharing agreement (PSA) with bp unit for exploring and producing natural gas in a shallow water block.
Company News
Santos starts up Angore project in Hela Province, Papua New Guinea
Santos has announced the completion of the Angore project located in the Hela Province of Papua New Guinea (PNG).
Company News
Alberta Energy Regulator orders Sunshine Oilsands to suspend operations
The Alberta Energy Regulator (AER) has issued an order requiring Sunshine Oilsands to suspend its wells, facilities, and pipelines.
Industry News
Aramco and Rongsheng Petrochemical sign framework agreement for SASREF expansion in Saudi Arabia
Aramco, an integrated energy and chemicals company, along with its affiliate Saudi Aramco Jubail Refinery Company (SASREF) and Rongsheng Petrochemical, have signed a Development Framework Agreement in Beijing, China.
Deal News
ONEOK to sell three interstate natural gas pipelines to DT Midstream for $1.2bn
ONEOK has announced an agreement to sell its three wholly owned interstate natural gas pipeline systems to DT Midstream for $1.2bn.
Deal News
LandBridge to acquire 46,000 acres in Southern Delaware Basin for $245m
LandBridge has announced a purchase and sale agreement to acquire approximately 46,000 surface acres in the Southern Delaware Basin, known as the Wolf Bone Ranch, from a subsidiary of VTX Energy Partners, a Vitol investment.