Deal News
ExxonMobil signs COâ‚‚ capture and storage deal with CF IndustriesÂ
ExxonMobil has entered into a CCS arrangement with US-based Nitrogenous fertiliser manufacturing company CF Industries. Â
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Deal News
Occidental Petroleum nears $1bn Barilla Draw assets sale to Permian ResourcesÂ
Occidental is in the final stages of discussions to divest its Barilla Draw assets in Texas to Permian Resources, reported Reuters.  Â
Industry News
OPEC receives overproduction compensation plans from Russia, Kazakhstan and Iraq
The OPEC and OPEC+ members countries have submitted compensation proposals related to their output levels in the first half of 2024.
Industry News
Oil tanker with 1,500,000 litres of fuel sinks in the Philippines
The oil spill came a day after Typhoon Gaemi hit the Philippines and Taiwan, causing mass devastation across both countries.Â
Industry News
Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis top list of M&A legal advisers in oil and gas sector in H1 2024Â
Wachtell, Lipton, Rosen & Katz led in mergers and acquisitions (M&A) legal advisory for the oil & gas sector in terms of value.
Industry News
TotalEnergies suffers 6% fall in Q2 earnings due to weaker refining margins
French oil giant TotalEnergies has revealed a 6% yearly decrease in earnings from operations through the second quarter of 2024. Â
Energy Prices
US lawmakers formally introduce OPEC collusion bill
US lawmakers have introduced a bill to hold energy companies to account, if they are found to have price colluded with OPEC.
Deal News
Equinor contemplating reducing stake in UK’s Rosebank oilfieldÂ
Equinor is still considering a reduction of its 80% ownership in the UK’s Rosebank oilfield, the company’s CFO Torgrim Reitan told Reuters. Â
Deal News
Australia’s SRJ Technologies to acquire UK-based Air Control Entech  Â
SRJ, a provider of asset integrity management solutions, has agreed to acquire 100% of the issued capital of Air Control Entech.
Deal News
Eni receives final consent from regulator for sale of Nigerian unit to Oando Â
Eni has received the final approval from the Nigerian regulator for the divestment of its subsidiary to Oando. Â