Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last year returned to being a net importer of natural gas…
Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday.The Brazilian state energy firm is in talks with companies…
NYK Line has become a co-owner of the crew transfer vessel (CTV) operator Northern Offshore Group (N-O-G) with the most recent investment, in preparation for the anticipated future expansion of offshore wind in waters closer to Japan.N-O-G operates…
BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake…
As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research…
TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal of boosting their holdings in the North Sea's largest producing field, Aker BP said on Wednesday.Built across several offshore oil and gas licences…
ADNOC Drilling, a unit of the United Arab Emirates' state oil giant, is looking to refinance debt maturing later this year worth an overall $1.25 billion, its chief financial officer said on Friday.The company will refinance a term loan worth…
BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…
Italian energy giant Eni has refuted the Belgian contractor Exmar’s claims over its entitlement to bonus payment for the performance of Tango floating liquefied natural gas (FLNG) unit, deployed at Eni’s Marine XII offshore block in Congo.On February 5…
The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.A total of 38.12 million metric tons of the super-chilled fuel is on track to be imported in January…
Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…
The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the…
Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.5 billion.The oil major also announced a 4% increase in its dividend…
ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…
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