The French Finance Minister Bruno Le Maire said on Monday that the time for negotiation is now over because the ongoing strike by union employees had significantly reduced the amount of gasoline available to service stations around the nation.
Abu Dhabi National Oil Company (ADNOC) awarded $980 million contract to ADNOC Drilling to hire two jack-up offshore rigs and associated manpower and equipment. The contract will assist ADNOC in increasing its production capacity in order to meet the rising demand for reduced carbon intensity oil and gas on a global scale.
QatarEnergy declared the signing of a share sale and purchase agreement with Qatar Electricity and Water Company (QEWC) to acquire QEWC’s 49% interest in Siraj Energy, which will result in Siraj Energy becoming a wholly owned affiliate of QatarEnergy, subject to customary approvals.
ExxonMobil and major hydrogen and nitrogen products producer CF Industries have reached the largest-ever commercial agreement to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its Louisiana industrial complex. CF Industries, ExxonMobil, and EnLink Midstream will collaborate on a landmark emissions-reduction project in Louisiana.
The program for regional gas supply and infrastructure expansion through the end of 2025 was signed today at the Russian Energy Week International Forum 2022 by Alexey Miller, Chairman of the Gazprom Management Committee, and Rustam Minnikhanov, President of the Republic of Tatarstan. This is the first time such document was signed with the Republic of Tatarstan.
PETRONAS has inked a Production Sharing Contract (PSC) with TotalEnergies EP Malaysia (TE), PETRONAS Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Company Limited (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Block 2K, an ultra-deepwater block located off the coast of Sabah.
For the fourth time since April, OPEC reduced its projection for the rise in global oil demand in 2022 and lowered its estimate for the following year, citing weakening economies, the revival of China's COVID-19 containment measures, and high inflation, Reuters reported.
Neptune Energy announced that it has received approval from the State Mining Authority for Rhineland-Palatinate to raise its production limit at its operated Römerberg oil field in the Rhine Valley, southwestern Germany, the company said in a statement.
DNO ASA, the Norwegian oil and gas operator, has announced that it completed the transaction agreement entered between DNO and RAK Petroleum plc ("RAK Petroleum") by which the Company will acquire Mondoil Enterprises LLC and its 33.33% indirect interest in privately held Foxtrot International LDC, whose principal assets are operated stakes in offshore production of gas and associated liquids in Côte d'Ivoire.
Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.
