Shell Announces FID for Sparta Development in Gulf of Mexico
Shell Offshore Inc., a subsidiary of Shell plc, has announced the Final Investment Decision (FID) for Sparta, a deep-water development in the US Gulf of Mexico.
News / International
Mubadala Energy Announces Major Deep Sea Gas Discovery in Indonesia
Mubadala Energy, a leading energy company based in the United Arab Emirates, has announced in a statement a major discovery in Indonesia's South Andaman Block.
Sinochem Buys 1mmbbl of Venezuelan Crude Oil
China's Sinochem Corp. has bought 1 million barrels of Venezuelan crude oil for delivery in December.
QatarEnergy to Secure New LNG Deals
QatarEnergy is expected to secure new long-term supply deals in Asia and Europe. According to the company's chief executive, Saad Al-Kaabi, there are several deals that are "imminent" and currently in the works.
Repsol, PDVSA Sign Agreement to Boost Oil Production
Venezuelan state oil company PDVSA and Spain's Repsol have signed an agreement to amend the terms of their joint venture, Petroquiriquire, which aims to increase crude and gas output and accelerate debt repayment.
TotalEnergies Expands its Business Interests in Nigeria
TotalEnergies has reaffirmed its commitment to business interests in Nigeria as TotalEnergies' head, Patrick Pouyanne, met with Nigeria's President Bola Tinubu in Abuja.
Russia to Deepen Oil Export Cuts to 50,000 bbl/d
Russia has announced that it will deepen its oil export cuts, potentially by 50,000 barrels per day (bbl/d) or more.
Crescent Petroleum to Invest $1B in Iraq
Crescent Petroleum, a leading energy company headquartered in the UAE, has announced its plans to invest up to $1 billion in Iraq as part of a deal with the Iraqi government.
China Conducts Sea Trials for First Ultra-Deepwater Research, Drilling Vessel
China is set to conduct sea trials for its first ocean research drilling vessel, the Mengxiang.
Shell to Sell Stake in PCK Schwedt Oil Refinery to Prax Group
Shell has announced its agreement to sell its 37.5% stake in the PCK Schwedt oil refinery to Britain's Prax Group to distance itself from the political tensions surrounding the refinery's majority owner, Russia's Rosneft.
