Deal News
Exxon Mobil drops out of bid for Galp’s Namibia oil discoveryÂ
Exxon Mobil has withdrawn from the bidding process to acquire a majority share in Galp Energia’s oil discovery in Namibia, reported Reuters.
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Contract News
bp extends partnership with Palantir to integrate AI capabilitiesÂ
British energy giant bp has entered into a new five-year strategic agreement with Palantir Technologies to incorporate advanced AI.
Industry News
LNG’s expanding importance: new magazine issue out now
This month in our digital magazine we examine how liquefaction can improve the liquefied natural gas industry, and Saudi Arabia going green.
Industry News
Traders predict oil prices of $60 per barrel as global oversupply takes it toll
The forecast was made at the Asia Pacific Petroleum Conference (APPEC).
Industry News
Norway attracts bids from 21 companies for new oil and gas exploration areas Â
NOD has announced that 21 companies have submitted applications for production licenses as part of the APA 2024 licensing round. Â
Company News
Nigeria’s UTM Offshore secures licence for floating LNG facility
Nigerian company UTM Offshore has received a licence to construct what it asserts will be the country’s first floating liquefied natural gas (LNG) plant.
Deal News
Methanex to acquire OCI’s international methanol business for $2.05bnÂ
Canadian methanol producer Methanex has entered into a definitive agreement to acquire OCI’s international methanol business for $2.05bn. Â
Industry News
Canada ready to get tough on greenwashing with changes to the lawÂ
The Canadian Association of Petroleum Producers has called for the recent amendments in the anti-greenwashing bill to be completely removed.
Industry News
Germany blocks oil carbon credits over Chinese fraud concerns
Upstream Emission Reduction projects relate to production before raw material for hydrocarbons reach a refinery or storage facility.
Industry News
Major oil and gas reserve found in Pakistan’s watersÂ
A major discovery of oil and natural gas reserves has been made in Pakistan’s territorial waters, reported a local publication Dawn.  Â