Company News
Equinor and GRTgaz to develop COâ‚‚ transport system in France
Equinor and GRTgaz, France’s primary gas transmission operator, have signed a project development agreement (PDA) to create a CO2 transport system.
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Company News
Phillips 66 to divest 25% stake in REX to Tallgrass Energy subsidiary
Phillips 66 has agreed to sell its 25% stake in the Rockies Express Pipeline (REX) to a subsidiary of Tallgrass Energy for an enterprise value of about $1.275bn.
Industry News
Crash in Singaporean shipping terminal caused oil spill, prompts environmental concernsÂ
A Netherlands-flagged vessel hit a Singaporean fuel supply ship, Marine Honour, on 14 June, causing the oil spill.
Industry News
Nigeria’s Dangote refinery delays start of gasoline supplies for a month
Africa’s biggest oil refinery delaying the start of gasoline deliveries until the middle of July, without providing a specific reason.
Deal News
SLB, Aker Carbon Capture finalise $380m carbon capture JVÂ Â
SL and Aker Carbon Capture (ACC) have finalised the establishment of their previously announced carbon capture joint venture (JV).  Â
Industry News
Expanded Trans Mountain oil pipeline running at 80% capacity
The Trans Mountain oil pipeline in Canada is running at 80% capacity.
Deal News
Equinor pauses Rosebank oil project stake sale ahead of UK elections Â
Equinor has paused the sale of a stake in the Rosebank oil development amidst fiscal uncertainties preceding the British election.
Deal News
UK’s Sound Energy to divest part of Moroccan gas assets to ManagemÂ
Sound Energy has signed a binding Sale and Purchase Agreement (SPA) to partially divest its Moroccan gas assets to Managem.  Â
Deal News
TotalEnergies to divest Brunei subsidiary to Hibiscus Petroleum for $259m
TotalEnergies has agreed to offload its wholly-owned subsidiary in Brunei to Malaysian company Hibiscus Petroleum for $259m.
IEA
Russia exceeds OPEC+ May output target, vows to get back in line
Russia has promised to meet its OPEC+ oil production targets in June, after pumping too much oil in May and exceeding the body’s limits.