Industry News
EIA drops 2025 oil demand growth by 300,000 barrels per day
EIA lowers previously published demand level for global oil next year, on the back of weakening economic activity in both America and China.
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Company News
BP wins arbitration against Kosmos for GTA LNG projectÂ
A final ruling has been delivered in favour of BP, affirming its position as the exclusive buyer of LNG from the GTA LNG project.
Contract News
QatarEnergy signs long-term naphtha supply deal with ShellÂ
QatarEnergy has entered a 20-year naphtha supply agreement with Shell’s Singapore-based unit Shell International Eastern Trading Company. Â
Contract News
Petrofac secures contract from Marathon Oil in Equatorial GuineaÂ
Petrofac has expanded its presence in Africa by securing a new with Marathon Oil for operations in Equatorial Guinea. Â
Deal News
Woodside Energy completes acquisition of US LNG company Tellurian for $1.2bnÂ
Woodside Energy has finalised the acquisition of Tellurian, a US-based LNG company, for $1.2bn, which includes the assumption of debt. Â
Company News
Israel’s Leviathan gas field expansion delayed amid conflictÂ
Israel’s NewMed Energy has announced that the planned expansion of the Leviathan gas field has been delayed by six months.
Company News
CNOOC starts production from Bozhong 19-2 oilfield in Bohai BayÂ
China National Offshore Oil Corporation has announced the commencement of production from the Bozhong 19-2 oilfield development project.Â
Industry News
As politics calms, oil output in Libya exceeds one million barrels per day
Libya’s oil production has risen above one million barrels a day (bpd) for the first time since August.
Industry News
Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches
The US oil giant has closed its Blind Faith platform and evacuated staff as the Category 5 storm approaches.
Deal News
McDermott to sell CB&I storage unit to Mason-led consortium for $475m
McDermott International has entered into an agreement to sell its CB&I storage business unit to a consortium led by Mason Capital Management.