Industry News
Fire rages for second day at Russian oil depot hit by drones
A fire has been raging at an oil depot in Azov, in Russia’s southern region of Rostov, after an alleged Ukrainian drone attack.
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Industry News
Enbridge will face attempt to halt Line 5 in state court
The Canadian oil company Enbridge is set to face a legal challenge in the Michigan state court regarding pipeline leak concerns.
Deal News
Vår Energi extends gas sales deal with VNG Handel & Vertrieb for 12 years
Vår Energi has extended its natural gas sales agreement with Germany’s VNG Handel & Vertrieb, a subsidiary of VNG.
Company News
Oil and gas majors proceed with next phase of OD OBN project in Brazil
Sonardyne has announced that the next phase of the On Demand Ocean Bottom Node (OD OBN) project is underway in Brazil.
Company News
Shell Eastern Trading to acquire Pavilion Energy from Temasek
Shell Eastern Trading, a subsidiary of Shell, has signed an agreement to acquire Pavilion Energy from Carne Investments, an indirect wholly-owned subsidiary of Temasek.
Deal News
Berkshire increases Occidental Petroleum stake to nearly 29%
Berkshire Hathaway has raised its ownership in Occidental Petroleum to just under 29%, reported Reuters citing a regulatory filing.
Industry News
UK’s oil output forecast could be surpassed with new investment, says lobby group
The UK’s oil sector could beat output forecast by 30% if the required investment is secured, according to Offshore Energies UK.
Industry News
US states sue government over forcing companies to pay for dismantling old equipment
Three southern states have filed a lawsuit against the government’s proposed rule requiring oil companies to cough up billions of dollars .
Deal News
Colonial Pipeline owners weighing stake sale at valuation of over $10bn
Some owners of US fuel transportation company Colonial Pipeline are exploring options to sell their shares, reported Reuters, citing sources.
Industry News
Niger stops oil exports to China over Benin disagreement
Niger has stopped oil exports to China via its pipeline to Benin’s coast, Oil Minister Mahamane Moustapha Barke Bako said.