The German government has extended its trusteeship over the local units of Russian oil company Rosneft until 10 March 2025, with a view to potentially selling these assets to Qatar, Reuters reported.
DNO, the Norwegian oil and gas operator, has closed its acquisition of interests in five oil and gas fields, including an operatorship, in the Norne area of the Norwegian Sea from Vår Energi.
Shell, has entered into a ten-year liquified natural gas (LNG) agreement with BOTAS, the Turkish state-owned oil and gas company.
Santos has finalised negotiations with TIMOR GAP to transfer a 16% interest in the Bayu-Undan upstream project.
Oil and gas giants have invested £600,000 in an energy transition scheme based at the University of Aberdeen.
Brazilian stat-owned oil and gas company Petrobras has signed 26 concession contracts for the blocks in the offshore Pelotas Basin.
The plans by the UK government to increase the Energy Profits Levy (EPL) would eventually have a detrimental impact on Britain’s economy.
China’s Sinochem is reportedly planning to divest its 40% stake in a US shale joint venture (JV) Wolfcamp, reported Reuters, citing sources.
Seismic work at the offshore gas fields shared by Venezuela and Trinidad and Tobago is set to start soon, reported Reuters.
OPEC+ is likely to implement a planned rise in oil output in October, to balance cuts by some members and the drop in Libya’s oil output.
