Industry News
Houthi rebels attack two more oil tankers in the Red Sea
Houthi rebels have reportedly attacked two more oil tankers in the Red Sea, with one being Saudi-flagged vessel.
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Industry News
EU to support salvage operation on MV Sounion oil tanker
The European Union has announced that it will support a salvage operation for the MV Sounion oil tanker that was attacked by Houthi militants.
Industry News
Germany extends control over Rosneft’s German units until March 2025
The German government has extended its trusteeship over the local units of Russian oil company Rosneft until 10 March 2025, with a view to potentially selling these assets to Qatar, Reuters reported.
Deal News
DNO finalises Norne area oil fields acquisition
DNO, the Norwegian oil and gas operator, has closed its acquisition of interests in five oil and gas fields, including an operatorship, in the Norne area of the Norwegian Sea from Vår Energi.
Contract News
Shell signs LNG supply agreement with Turkish energy company BOTAS
Shell, has entered into a ten-year liquified natural gas (LNG) agreement with BOTAS, the Turkish state-owned oil and gas company.
Deal News
Santos to offer 16% stake in Bayu-Undan project to TIMOR GAP
Santos has finalised negotiations with TIMOR GAP to transfer a 16% interest in the Bayu-Undan upstream project.
Industry News
Oil and gas giants invest £600,000 in energy transition scheme
Oil and gas giants have invested £600,000 in an energy transition scheme based at the University of Aberdeen.
Company News
Petrobras signs concession contracts for 26 Pelotas Basin blocks
Brazilian stat-owned oil and gas company Petrobras has signed 26 concession contracts for the blocks in the offshore Pelotas Basin.
Industry News
North Sea windfall tax hike would actually cut revenue by £12bn
The plans by the UK government to increase the Energy Profits Levy (EPL) would eventually have a detrimental impact on Britain’s economy.
Deal News
Sinochem weighs sale of stake in shale oil JV with Exxon
China’s Sinochem is reportedly planning to divest its 40% stake in a US shale joint venture (JV) Wolfcamp, reported Reuters, citing sources.