Deal News
New Fortress Energy agrees to sell Miami LNG facility
NFE, a US-based energy infrastructure company, has finalised an agreement to sell its liquefaction and storage facility located in Miami.
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Industry News
OPEC’s oil output remains steady but some members still pumping too much
OPEC’s crude output has remained constant, hitting an average of just under 27 million barrels a day in June, 80,000 a day less than May.
Industry News
Egyptian consortium to import US shale gas
Egyptian petrochemical company Sidi Kerir Petrochemicals (Sidpec) has announced its intention to import US shale gas through a consortium.
Company News
China forms new state entity to explore ultra-deep oil and gas reserves
China is establishing a new state entity to focus on the exploration of ultra-deep oil and gas reserves, reported Reuters.
Election
UK business group hits out at climate change ‘silence’ during election
UK’s Confederation of British Industry attacks deafening silence on climate change during the election campaign.
Deal News
Vår Energi extends gas supply deal with Eni till 2036
Norwegian oil and gas company Vår Energi has announced a 12-year extension to its natural gas sales agreement with Italy’s Eni.
EU
Industry data reveals the EU’s mix of power is the greenest yet
Most of the European Union’s energy production so far this year has come from sources free of CO2 emissions.
Company News
Aker BP and partners discover more gas in Barents Sea licence
Aker BP and its partners have announced a new gas discovery in an exploration well within the Barents Sea, offshore Norway.
Company News
CNOOC starts production from offshore oilfield Wushi 23-5
CNOOC has Commenced production at the Wushi 23-5 oilfield, claimed to be the first in the South China Sea to be powered from shore.
Energy Prices
OPEC/Big Oil price collusion suspicions: US Senate starts investigation
The US Senate starts investigation into suspicions of collusion between several oil producers and OPEC over possible price coordination.