Company News
ADNOC looking to establish trading desk in US Â
Abu Dhabi National Oil Company (ADNOC) is planning to establish a trading desk in the US, reported Reuters, citing sources. Â
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Deal News
Crescent Energy to acquire SilverBow Resources in $2.1bn deal Â
American oil and gas company Crescent Energy has signed a definitive agreement to acquire SilverBow Resources in a deal worth
Deal News
Chevron reportedly set for UK North Sea exit after 55 yearsÂ
Chevron is set to commence the sale of its remaining UK North Sea assets, which will mark the US energy
Deal News
DNO acquires 25% stake in UK’s Arran fieldÂ
DNO Exploration UK has finalised the acquisition of a 25% interest in the Arran field on the UK Continental Shelf. Â
Industry News
Three new gas plants set to increase Nigeria’s gas supply by 25%Â
Nigeria’s President Bola Tinubu has launched three gas projects in an effort to develop the country’s critical gas infrastructure and
Deal News
Italian Treasury divests 2.8% stake in Eni for €1.4bn Â
The Italian government has sold a 2.8% stake in oil and gas company Eni for €14.855 apiece raising approximately €1.4bn.
Industry News
IEA cuts 2024 oil demand growth forecastÂ
IEA has revised its oil demand growth forecast for 2024 downward, indicating a weaker global demand than previously anticipated. Â
Company News
Pertamina and ExxonMobil team up for CCS hub development in IndonesiaÂ
Indonesian government-backed oil company Pertamina and ExxonMobil are set to conduct appraisal drilling for a CCS hub in Indonesia.
Industry News
Spirit Energy and Peak Cluster encourage alternatives to stimulate CCS investment
Spirit Energy has encouraged alternative investment routes for CCS technologies in the UK as it seeks to develop its partnership
Deal News
ABL Group to acquire energy consultancy Ross OffshoreÂ
Norway-based ABL Group has agreed to acquire all shares of Ross Offshore, a specialist energy consultancy owned by Moreld Group. Â