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Deal News
Rhône Energies to purchase Fos-sur-Mer refinery in France
Rhône Energies has entered into an agreement with ExxonMobil’s ESSO SAF to acquire the Fos-sur-Mer refinery in France.
Deal News
Occidental wraps up $12bn acquisition of CrownRock
US oil company Occidental has announced the completion of its acquisition of CrownRock, a move set to bolster its Permian Basin operations.
Industry News
Civil society group urges UK to intensify Russia’s ‘shadow fleet’ sanctions
Russia’s shadow fleet is thought to include 600 vessels and carries approximately 1.7m barrels of oil per day (mbbl/d)
Industry News
US oil and gas sector faces 80% methane cut requirement to meet target
Operators of the US oil and gas facilities need to reduce methane emissions by about 80% or more to achieve key industry goals.
Deal News
Brazilian companies Enauta and 3R Petroleum complete merger
Enauta and 3R Petroleum have successfully completed their merger, a strategic move that consolidates their positions in the Brazilian oil and gas sector.
Industry News
Shell’s “solid” adjusted earnings hit $6.3bn for the quarter
Shell has revealed $6.29bn in adjusted earnings in the second quarter, above analysts’ forecasts as LNG portfolio delivers results.
Industry News
South Korea scraps LNG terminal projects amid weakening demand, says energy institute
The IEEFA’s analysis has revealed a growing disparity between planned LNG import infrastructure and expected demand.
Company News
BP partners with Indonesia’s ITB to enhance CCUS research and development
bp has partnered with the Bandung Institute of Technology (ITB) to further research and development in CCUS in Indonesia.
Deal News
Petrobras, CNOOC and Petrochina major winners in Brazil’s oil auction
Petrobras, China National Offshore Oil Corporation (CNOOC), and Petrochina emerged as the major winners in the latest oil auction.
