Author: admin@erthaenergy

OPEC+, is planning to accelerate oil output hikes, potentially bringing an additional 2.2 million bpd back to the market by November.

SBM Offshore has secured a contract with BP Exploration and Production (bp) for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU) in the deepwater US Gulf.

Shell Offshore and Shell Pipeline Company Limited (SPLC), subsidiaries of Shell, have now increased their stake in the Ursa platform in the Gulf of Mexico from 45.39% to 61.35%.

QatarEnergy is reportedly in advanced discussions with Japanese companies to secure a long-term LNG supply deal of at 3mtpa from the company’s North Field expansion project.

The US has intensified its stance against Iranian oil trade, with President Donald Trump announcing that any purchases of Iranian oil or petrochemical products must cease.

The impending arbitration between Exxon and Chevron over the latter’s proposed $53bn acquisition of Hess is set to take place on 26 May,

Venture Global’s subsidiary, Venture Global CP2 LNG, has secured a $3bn bank loan facility from 19 banks to finance the ongoing manufacturing, procurement and engineering of its CP2 LNG export facility in Louisiana, US.

Equinor Brasil Energia, a subsidiary of Equinor, has signed agreements to sell its 60% interest in the Peregrino field in Brazil to PRIO Tigris, a subsidiary of PRIO, for $3.5bn.

TotalEnergies and OQEP have announced the ground-breaking of the Marsa LNG plant in the port of Sohar located in northern part of Oman.