Company News
BW Energy confirms oil discovery offshore Gabon
BW Energy has confirmed a “substantial” oil discovery at the Hibiscus area offshore Gabon, following the completion of the DHIBM-7P
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Deal News
Tokyo Gas eyes expansion in US natural gas marketÂ
Tokyo Gas has announced its intention to acquire additional natural gas assets in the US, reported Reuters. Â
Deal News
Chord Energy completes acquisition of EnerplusÂ
Chord Energy has finalised its acquisition of Canadian company Enerplus, creating an E&P company focused on the Williston Basin.Â
Company News
South Korea approves huge offshore oil and gas exploration initiativeÂ
South Korea announces it will begin offshore exploratory drilling for potentially vast oil and gas prospects
Deal News
Russia-China gas pipeline talks hit roadblock over price and supplyÂ
Russia’s efforts to reach a significant gas pipeline agreement with China have hit a roadblock due to disagreements over price
Features
Rosneft’s Q1 2024 net profit hits $4.4bn, a 108% increaseÂ
The company’s financial indicators were affected by its performance, prevailing macroeconomic conditions, and management decisions.
Industry News
OPEC+ agrees to extend deep oil production cuts to 2025Â
OPEC and its allies, known as OPEC+, have agreed to maintain oil output reductions until 2025, reported Reuters. Â
Deal News
Aramco completes acquisition of 40% stake in Gas & Oil PakistanÂ
Aramco has concluded the acquisition of a 40% stake in GO, marking an expansion of its downstream retail operations into
Deal News
ADNOC grants 3% interest in SARB and Umm Lulu offshore concession to SOCARÂ
ADNOC has reached an agreement to farm out a 3% participating interest in the SARB and Umm Lulu concessions to