Industry News
US oil and gas production stalled by low prices, says reportÂ
Reuters has reported that oil and gas production in the US has stalled due to low prices. Companies have begun focusing on efficiency.
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Deal News
ADNOC signs LNG supply deal with Japan’s Osaka GasÂ
ADNOC has entered into a long-term HoA with Osaka Gas for the supply of up to 0.8 million metric tonnes per annum (mmtpa) of LNG. Â
Contract News
Oceaneering secures three-year IMR support services contract with Aker BPÂ
Oceaneering International’s Norwegian subsidiary has been awarded IMR support services contract by oil and gas company Aker BP.  Â
Deal News
Italy approves VTTI’s 70% stake acquisition in Adriatic LNG terminalÂ
The Italian government has approved the acquisition of a 70% stake in the Adriatic LNG terminal by VTTI, reported Reuters, citing sources. Â
Deal News
Trace Midstream to acquire LM Energy’s natural gas infrastructure Â
Trace Midstream Partners II has agreed to acquire LM Energy Delaware’s natural gas gathering and transportation assets.
Features
UK election: Labour’s win sparks debate over North Sea oil workers’ future
Could the Labour party’s desire to accelerate the UK’s transition to renewables lead to a jobs upheaval similar to the 1984 miners’ strike?
Company News
Petrobras confirms discovery of gas reserves off Colombia’s coastÂ
Petrobras, the state-owned oil and gas company of Brazil, has confirmed a natural gas discovery offshore Colombia.Â
Industry News
Saudi Aramco’s profits fall by 3.4% in Q2 2024Â
Saudi Aramco reported a second-quarter net income of $29.0bn in the second quarter of 2024 (Q2 2024), surpassing the estimated $27.7bn.
Deal News
Cheniere and Galp sign 20-year LNG sale and purchase agreementÂ
Cheniere has signed a 20-year LNG sale and purchase agreement with Galp Trading, a subsidiary of Portuguese oil and gas company Galp.  Â
Deal News
Emera to sell New Mexico Gas Company to Bernhard Capital Partners for $1.25bnÂ
Emera has reached an agreement to sell NMGC to Bernhard Capital Partners (BCP) for an aggregate transaction value of $1.25bn. Â