Failure to secure approval for the Rosebank and Jackdaw projects would be a major setback for Equinor's Adura joint venture with Shell in the North Sea, Equinor CEO Anders Opedal said on Tuesday.'Not approving Rosebank would be contradictory to energy security…
The European Union is examining a bloc-wide windfall profit tax on oil and gas companies, the EU's tax chief told Reuters on Monday, as governments scramble for funds to help citizens with soaring energy bills.Oil and gas companies have reaped bumper profits this year…
Chevron and the Egyptian Natural Gas Holding Company (EGAS) have signed an agreement covering at least $88 million of investment in natural gas and crude oil exploration and production in the Lotus offshore area in the Mediterranean Sea.The…
Kazakhstan has restarted enforcement action to collect a 2.3 trillion tenge ($5.22 billion) fine from the international consortium operating the Kashagan oilfield, Interfax reported on Wednesday, citing the Ministry of Justice.The North Caspian Operating Company - a venture including Shell…
Shell has completed the sale of its 50% non-operated interest in the Na Kika platform and associated fields in the Gulf of America, along with its wholly-owned Coulomb tieback, receiving about $840 million in cash at closing.The assets were…
BP estimated on Tuesday its third-quarter refining margins tripled from last year as the Iran war boosts profits for oil majors, but also flagged $3 billion to $4.5 billion in impairments relating to its gas and low-carbon energy segment.This…
The National Gas Company of Trinidad and Tobago (NGC) and Shell Trinidad and Tobago have finalized commercial agreements supporting the Aphrodite offshore gas project, with first gas expected by the second quarter of 2027.NGC's pipeline and…
Qatari producer UCC Oil and Gas Holding is in talks for its possible entrance into new fields in Venezuela, the company's head of Upstream, Erik Keskula, said on Tuesday at a conference in Caracas.UCC, British BP and XRG, a unit of United Arab Emirates' state company ADNOC…
Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high fuel prices as the Iran war squeezes global supplies…
Northern Lights joint venture and Swedish energy company Öresundskraft Kraft & Värme have signed an agreement for the transport and permanent storage of up to 200,000 tonnes of carbon dioxide per year from a waste-to-energy plant in Helsingborg…
MET Group and Shell have signed a new long-term agreement for the supply of U.S. LNG, expanding the European energy company's access to American gas for its customers across Europe.Under the agreement, Shell will supply MET International, MET Group's trading and wholesale arm…
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract was down $2…
The world's biggest energy companies are poised to deliver another quarter of bumper profits, fuelled by record refining margins. Flush with cash, Big Oil now needs to chart a course for future growth in a world reshaped by the Middle East crisis…
Global LNG prices could shoot higher this winter as Europe holds its lowest stocks in years and North Asian buyers face increased competition with the Strait of Hormuz still closed, executives said at an industry conference this week.Europe…
Norway's energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.The number of companies rose by one from last year's APA round…
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