Russia Opposes Any Potential OPEC+ Oil Output Cut
Sources talking to the Wall Street Journal stated that Russia does not favor a reduction in oil production at this time and that it is probable OPEC+ will maintain its output.
News / International
ExxonMobil Inks Agreement to Sell Share of Aera Energy Joint Venture
Affiliates of ExxonMobil have agreed to sell Green Gate Resources E, LLC, a division of IKAV, all of ExxonMobil's interests in the California oil production business Aera.
Saudi Ministry of Investment, Eni Sign MoU to Promote Cooperation
In a meeting between Saudi Arabia’s Investment Minister Khalid Al-Falih and Eni’s CEO Claudio Descalzi,
a memorandum of understanding (MoU) was signed between Eni and the ministry with the intention of
fostering collaboration between Eni, Saudi institutions, and businesses, particularly in the area of specialty conversion chemicals and sustainable development across the country.
Oil Firms Ask U.S to Defuse Iraq-Kurdistan Tensions
Oil companies operating in Kurdistan have requested the US to help ease rising tensions between the central government of Iraq and the semi-autonomous province of Iraqi Kurdistan.
NIOC to Allocate $100M for LPG Export Terminal Construction
Iran will use $100 million in foreign direct investments (FDI) to build a liquefied petroleum gas (LPG) export terminal, according to the CEO of the National Iranian Oil Company (NIOC) Mohsen Khojastehmehr.
QatarEnergy Renewable Solutions, QAFCO to Construct Ammonia-7 Project
The Ammonia-7 Project, the first and largest blue ammonia project in the world, was approved for construction today by QatarEnergy's affiliates, QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO).
Russia’s New Gas Halt Worsens the Energy Crisis in Europe
Russia cut off gas shipments along Europe's main supply route, worsening an economic standoff between Moscow and Brussels and increasing the likelihood of a recession and energy rationing in some of the richest nations in the region, Reuters added.
Schlumberger, Aker Solutions to Merge Subsea Oil and Gas Construction Business
Schlumberger, a U.S. engineering company, and Aker Solutions (AKSOA.OL), a Norwegian company, intend to combine their underwater oil and gas construction businesses and add Subsea 7, an Oslo-listed competitor, as a partner, the companies announced on Tuesday.
Saudi Arabia May Slash October Crude Prices for Asia
Due to weak demand in the region and rising arbitrage shipments, the world's top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia.
Equinor Considers Selling a 28% Stake in Statfjord Field
Norway's Equinor is considering selling a 28% share in the Statfjord field, which spans the Norwegian and British continental shelves, as well as minor stakes in a number of satellite fields, According to a presentation reviewed by Reuters.
