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.
INEOS has signed an agreement with Covestro for the supply of natural gas for a period of up to eight years, commencing in 2027.
BKV and Comstock Resources have entered into a preliminary non-binding agreement to advance carbon capture initiatives at two of Comstock’s natural gas processing sites in Texas.
OQ Trading, has entered into a 15-year definitive SPA with Amigo LNG, a subsidiary of LNG Alliance, to purchase 0.6mtpa of LNG.
Gazprom has reported a significant rebound in its financial performance for 2024, registering a net profit of Rbs1.2tn ($14.76bn).
QatarEnergy has entered into a 25-year condensate supply agreement with Shell’s subsidiary, International Eastern Trading Company (SIETCO).
