Company News
Russia mulls merging three largest oil companies
Russia is considering a merger of the state backed giant Rosneft Oil with Gazprom Neft, and Lukoil, reported the Wall Street Journal.
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Company News
Machinery now fully operational at Tyra redevelopment project in Denmark
TotalEnergies, the operator of the Danish Underground Consortium (DUC), has informed its partners that the new Tyra facilities has all necessary machinery fully operational.
Company News
Angola LNG explores expansion options as gas supplies set to increase
Angola Liquefied Natural Gas (LNG) is exploring expansion options, including a mini train of three million tonnes (Mt) annually, as new gas supplies to its facility is expected ramp up in the next 12 months.
Analyst Comment
COP29: a COP to forget
Policymakers, climate experts, and lobbyists are packing their bags for COP29 for two weeks of discussions and negotiations.
Company News
Petrobras posts $7.6% increase in net income in Q3 2024
Petrobras has reported a 7.6% increase in net income for the third quarter of 2024 (Q3 2024), reaching $5.87bn from $5.54bn in Q3 2023.
Industry News
US operator to exit UK North Sea due to tax hikes and regulations
APA has announced its intention to exit the UK North Sea attributing the decision to “uneconomic” regulations and energy tax hikes.
Industry News
Angola plans more multi-year oil and gas licensing rounds to boost production
Angola plans to repeat its multi-year licensing round for oil and gas acreage starting in 2026.
Analysis
Could Trump break the global semiconductor supply chain?
Trump has pledged to turn the US into a manufacturing superpower. But when it comes to semiconductors, he has his work cut out.
Company News
ExxonMobil Guyana acquires SBM Offshore’s FPSO Prosperity for $1.23bn
ExxonMobil Guyana has completed the acquisition of the Prosperity floating production storage and offloading (FPSO) vessel from SBM Offshore.
Company News
ADNOC awards $196.2m manufacturing contracts
ADNOC has awarded contracts worth $196.2m to 11 companies to boost local manufacturing of diverse products across its value chain.