In the expansion of the world's largest liquefied natural gas (LNG) project, Qatar has selected ExxonMobil, TotalEnergies, Shell, and ConocoPhillips as partners, according to sources cited by Reuters.
Equinor has awarded Transocean Spitsbergen a drilling contract for nine wells and options for two additional wells for the Haltenbanken West Unit and Halten East licences. Including the options, the contract is estimated to be worth around NOK 2.4 billion.
Reuters reported on Tuesday that China has issued 4.5 million tonnes of export quotas for refined fuel, an increase to the first issue for 2022 in order to ease domestic inventories after the COVID-19 lockdown hit demand.
Eni and Repsol could begin shipping Venezuelan oil to Europe as soon as next month to replace Russian crude, five people familiar with the matter say, resuming oil-for-debt swaps that were suspended two years ago when Washington tightened sanctions against Venezuela.
Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.
It has been announced that Saipem has entered a binding agreement with KCA Deutag ("KCAD") to sell its entire Drilling Onshore operations in exchange for $550 million in cash plus a 10% stake in KCAD after it acquires Saipem's Drilling Onshore operations.
Hammerfest LNG has resumed production after extensive repairs and improvements following the fire in September 2020.
OPEC+ is trying to make up for the economic fallout of plummeting Russian oil production due to Western sanctions against Moscow over Ukraine, according to two OPEC+ sources.
Gazprom announced that it produced 211.4 billion cubic meters (bcm) of gas between  January and May 2022, according to its most recent figures.
As part of the National Oil Company of Iran's project for Mansouri Fields, wells no. 123 and 124 have successfully been commissioned, which will increase the field's crude oil production.
