Author: admin@erthaenergy

Azule Energy is set to invest an additional $5bn in oil and gas sector of Angola over the next four to five years.

ConocoPhillips, a US-based oil and gas producer, plans to cut its global workforce by 20-25% as part of a restructuring programme.

Fugro, a Netherlands-based geological data company, has inked two contracts with Constellation, an offshore energy services company.

Russia and China have legally binding memorandum to move forward with the construction of the Power of Siberia 2 pipeline.

Strathcona Resources has made a significant investment by purchasing about 6.66 million common shares of MEG Energy.

Syria has supplied 600,000 barrels of heavy crude oil from Tartus port, marking the inaugural export in 14 years.

A wholly owned subsidiary of Plains has signed a definitive agreement for the acquisition of a 55% interest in EPIC Crude Holdings.

Aramco and SOMO have ceased selling crude oil to Indian refiner Nayara Energy in the wake of sanctions imposed by the European Union.

Biofuels emit less CO2 than fossil fuels over their lifecycles, but they are not emission-free, meaning they are not a long-term solution.

MPLX has announced the completion of its $2.375bn acquisition of Northwind Delaware, known as Northwind Midstream.