Deal News
NNPC’s stake in Dangote Refinery cut to 7.2% due to non-payment issuesÂ
NNPC has seen its stake in the Dangote Refinery reduced from 20% to 7.2% following a failure to complete payment for its shares. Â
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China
Chinese natural gas production rose by 6% in first half of 2024
Natural gas production in China has jumped by 6% in the first half of this year, thanks to state companies pushing up domestic output.
Industry News
US LNG pipeline ADCC begins operationsÂ
The ADCC Pipeline started transporting liquefied natural gas (LNG) to Cheniere’s Corpus Christi LNG export terminal in Texas.
Company News
Jade Gas partners with DWK to develop 20 new gas wells at Red Lake in MongoliaÂ
Jade Gas has partnered with Yan’an Drilling Wellking Energy Technology Service to expedite the development of its Red Lake gas resource. Â
Company News
Kuwait Oil Company announces ‘giant’ oil and gas discoveryÂ
Kuwait Oil Company (KOC) has announced a significant discovery of light oil and associated gas in the offshore Al-Nokhatha field. Â
Deal News
US FTC issues second request for ConocoPhillips-Marathon Oil $22.5bn acquisitionÂ
ConocoPhillips has received a second request for information from the US Federal Trade Commission for its acquisition of Marathon Oil.Â
Contract News
BP awards $300m contract to Saipem-led consortium in AzerbaijanÂ
Saipem has been awarded a $300m contract by energy giant bp for subsea construction in the Caspian Sea, off the coast of Azerbaijan.Â
Gas
Survey reveals desire to open up and utilise UK’s offshore fields
Survey reveals that the site’s users see the top priority of the new parliament as being opening new fields with new licencing.
Industry News
US Government sued over decommissioning delays for offshore infrastructureÂ
The Center for Biological Diversity sued the government for not assessing the risks associated with old offshore oil and gas infrastructure.
Deal News
AG&P LNG and BKLS sign deal to bring LNG spot cargo into ChinaÂ
AG&P LNG has signed an agreement with Singapore-based BK LNG Solution (BKLS) to introduce the first spot cargo of LNG into China. Â