Deal News
Phillips 66 to acquire Pinnacle Midstream in $550m deal Â
American downstream energy company has announced plans to acquire Pinnacle Midstream from Energy Spectrum Capital for $550m. Â
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Company News
Chesapeake Energy initiates lay-offs following oil assets divestitureÂ
US-based natural gas company Chesapeake Energy has initiated lay-offs this week after divesting its oil assets in 2023, reported Reuters.  Â
Industry News
Houthis attack oil tanker heading towards China through Red SeaÂ
The US Central Command said the rebel group attacked a Panamanian-flagged oil tanker off the Red Sea coast on Saturday.
Company News
Serica secures approval for Belinda field development offshore UK
Serica Energy has secured final approval from the UK North Sea Transition Authority (NSTA) for the development of the Belinda
Deal News
ADNOC acquires stake in Rio Grande LNG project in US
Adnoc has acquired a 11.7% stake in Phase 1 of Rio Grande LNG (RGLNG) project Brownsville, Texas from an investment
Analyst Comment
Oil and gas contract momentum declines in Q1 2024
Global oil and gas contracts activity witnessed a decline of 15% in the number of contracts, from 1,346 in Q4
Industry News
Russia to suspend temporary gasoline export banÂ
The Russian government is set to suspend its temporary ban on gasoline exports as the market is well-supplied market, reported
Contract News
Saipem secures $850m contract for offshore work in AngolaÂ
Energy industry services provicer Saipem has secured an $850m contract from Azule Energy, a joint venture between bp and ENI. Â
Comment
How satellite-enabled IoT can help operators get clarity on supply chains
Satellite-enabled industrial monitoring powered by IoT and AI applications can help energy operators build supply chain resilience.
Deal News
3R Petroleum agrees to merge with Enauta in $1.2bn deal Â
Brazilian companies 3R Petroleum and Enauta have agreed to merge operations to create a new independent oil and gas company