Company News
Golar LNG signs 20-year FLNG deal in Argentina
Golar LNG has signed agreements with Pan American Energy (PAE), including one for the deployment a floating liquefied natural gas (FLNG) vessel in Argentina for a period of 20 years.
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Company News
Pemex and Grupo Carso collaborate to develop Brazilian gas project
Pemex has partnered with Grupo Carso to resume the development of the Lakach natural gas project, reported Reuters.
Industry News
Starmer appoints Ed Miliband as Energy Secretary as new UK cabinet forms
Ed Miliband confirmed as the Secretary of State for Energy Security and Net Zero, as Keir Starmer forms his government after winning election.
Deal News
Four energy majors to acquire stake in ADNOC’s Ruwais LNG plant
TotalEnergies, Shell, bp and Mitsui & Co have reached an agreement to invest in ADNOC’s Ruwais LNG plant, reported Bloomberg, citing sources.
Analyst Comment
The future of oil and gas in a Labour parliament
Labour has policy tools to advance its climate goals but not all have been discussed during the election or set out in its manifesto.
Australia
Australia facing an eastern states gas shortage as supplies dwindle
Australia is facing natural gas shortage along its eastern coast within the next two years unless new sources are made available for use.
Industry News
Nigeria beats three countries to host Africa Energy Bank
The institution “will be a cornerstone for financing and advancing energy projects across Africa,” said Nigeria’s oil minister.
Company News
Shell anticipates up to $2bn impairment charge in Q2 2024
British energy major Shell has announced that its expects to report up to $2bn in impairments in its upcoming second-quarter earnings.
Deal News
ADNOC and JBIC sign $3bn financing agreement to support decarbonisation projects
ADNOC has entered into a $3bn green financing facility with the Japan Bank for International Cooperation (JBIC).
Industry News
Bolivia’s YPFB seeks investment and Russia’s aid to tackle fuel shortages
Bolivian government’s oil and gas company YPFB is making efforts to revitalise the nation’s energy sector by improving investment conditions.