Category: News

Seplat Energy has plans to rejuvenate hundreds of dormant oil wells in Nigeria following the acquisition of Exxon Mobil’s onshore oil and gas assets.

CNOOC has divested its US subsidiary and upstream assets in the Gulf of Mexico to INEOS, a British chemicals group.

Venture Global has commenced LNG production at its second facility, Plaquemines LNG, located in Port Sulphur, Louisiana.

The International Energy Agency has projected a well-supplied global oil market in 2025, despite increasing demand.

Kosmos Energy has confirmed that it is in “preliminary discussion” with Tullow Oil, regarding a potential all-share takeover offer.

Brazilian energy company Petrobras has awarded contracts worth 16.5bn reais ($2.8bn) for the construction of 12 platform supply vessels (PSVs).

Vår Energi has confirmed an oil discovery in the Countach appraisal well, located near the Goliat field in the Barents Sea.

Moldova’s parliament has declared a national state of emergency for 60 days starting 16 December 2024, in anticipation of a potential cutoff of Russian gas supplies from 1 January 2025.

Rosneft has entered into an agreement with Reliance, an Indian private refiner, to supply close to 500,000 barrels per day of crude oil.

Saipem has received contracts for two major projects related to the transportation and storage of CO2 in the UK.