Author: admin@erthaenergy

ExxonMobil has forecasted a reduction of $1.5bn in its second-quarter earnings, due to lower oil and gas prices.

Sonatrach and Eni have formalised a 30-year hydrocarbon production sharing contract for the Zemoul El Kbar perimeter development.

Libya’s NOC has signed agreements with BP and Shell to conduct studies for hydrocarbon exploration and development in three Libyan oilfields.

Seatrium has secured a contract for floating storage regasification unit (FSRU) conversion by Kinetics, an energy transition initiative.

China Petroleum Pipeline and the China Petroleum Technology & Development Corporation have a contract from TDPC for a new gas pipeline.

Petro-Victory Energy has signed an agreement with Azevedo & Travassos Energia (ATE), to be acquired by the latter.

Venture Global Plaquemines LNG (VGPL), has closed a $4bn offering of senior secured notes to refinance existing debt.

Oil and gas company TotalEnergies’ $20bn gas project in northern Mozambique is taking steps towards resumption.

Petrobras is evaluating the potential sale of its Polo Bahia onshore oil and gas operations in Bahia state.

OMV Petrom has discovered a new natural gas reservoir in Spineni, marking a notable development in Southeastern Europe’s energy sector.