Libya Assembly Paves Way to Oil Restart With Central Banker Vote
Libya normally produces about 1.2 million barrels of crude a day, but that figure dropped to less than 450,000 barrels in late August.
Petrobras, YPF Team Up for E&P Cooperation
'We're always willing to collaborate with companies whose skills can be supplementary to ours and help us diversify our portfolio'.
Devon Completes $5 Billion Williston Basin Acquisition
Devon completed its purchase of Grayson Mill Energy, expanding its area in the Williston Basin by 307,000 net acres.
GlobalData Looks at Energy Transition Pursuit
'The switch towards low-carbon energy is expected to proceed, albeit at a slower pace'.
Energy Aspects Thought USA Natural Gas Price Rise Was Overdone
'Our supply-demand balances have not moved much as a result of Hurricane Helene or recent weather changes'.
Petronas Wins New Exploration License in Abu Dhabi
Petronas won its third concession in Abu Dhabi with a new oil and gas exploration license for the onshore Block 2.
Mitsubishi to Continue Investing in Malaysian LNG Production
Mitsubishi's investment secures continued gas supply for Japan from the 29.3 MMtpa project.
Pemex Board to Consider Ex-Mexico City Official as CFO
Juan Carlos Carpio Fragoso is a close ally of incoming Energy Minister Luz Elena Gonzalez.
Aramco, CNBM Partner on Building Materials and Technology
'From developing solutions that could reduce construction emissions to innovations that enhance product performance, our goal is to help drive the materials transition'.
Pertamina Inks Deal to Develop Carbon Transportation and Storage
Pertamina units signed an MOU to collaborate on liquified CO2 business development.
KENT Energies, EnerMech to Work on ExxonMobil Low-Sulfur Diesel Facility
KENT Energies tapped EnerMech as the integrated service contract supplier for ExxonMobil's Fawley Petrochemical Complex in Hampshire, UK.
Angola Sees Biden's Upcoming Visit Giving Investment Boost
Angola expects U.S. President Joe Biden's visit next month to help bolster foreign investment.
Chevron Agrees Hess CEO Won't Join Board in Deal With US FTC
The FTC has taken a more active approach to major oil and natural gas deals this year.
Oil Jumps on Middle East Flare-Up Despite Saudi Production Increases
Rising geopolitical tensions in the Middle East offset concerns over increased supply, pushing WTI and Brent crude higher despite an overall weekly decline.
US Sanctions Shipping Entities Linked to Iran, Hezbollah
The Treasury sanctioned over a dozen vessels and shipping firms that it accused of involvement in the export of oil and gas to East Asia and Syria on behalf of Iranian security forces and Lebanese militants.
SEB Analyst Looks at Henry Hub Price Surge
'The recent surge in U.S. Henry Hub futures prices can be credited to some factors'.
Nigeria Says Exxon Weighs $10B Offshore Oil Investment
The oil industry is critical to government revenues and the naira, the local currency.
UK Bars Five More LNG Ships Linked to Russia
'This is the first time the UK is using its new ship specification power to target LNG vessels directly'.
Chesapeake-Southwestern Merger to Close in October, Form Expand Energy
'Expand Energy is uniquely positioned to compete on an international scale to expand America's energy reach and deliver opportunity for the world's energy customers'.
Refiner Vertex Energy Files for Bankruptcy, Explores Sale
'As we enter this next phase of our restructuring process through a formal proceeding, we are appreciative of the continued support from our lenders'.
