Today, Shell USA and Shell Midstream Partner announced that they had signed a definitive agreement and plan of merger (collectively, the "Transaction"); according to this agreement, Shell USA will purchase all of the common units that the general public holds that represent limited partner interests in SHLX (the "Public Common Units") for a price of $15.85 per Public Common Unit, or roughly $1.96 billion.
Today, the Berkine North Basin in Algeria's desert, home to the Sif Fatima II concession, and Eni and SONATRACH report another another discovery.
An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.
Siemens Energy handed over Canadian documentation to Gazprom so that turbines for Nord Stream 1 could be transported, The Russian newspaper Kommersant reported .
Libya's National Oil Company (NOC) announced that the country's largest gas field, Alfaragh, began pumping gas to the Electrical Sarir station.
It is announced that TotalEnergies, the operator of the OML99 field (40%) and the Nigerian National Petroleum Corporation (NNPC, 60%) have started production at the Ikike field in Nigeria.
In preparation for potential Russian supply cuts, the European Union wants additional gas supplies from Nigeria, said Matthew Baldwin, deputy director general of the European Commission's energy department.
Neptune Energy Group Midco Ltd. has been upgraded by Moody's Investors Service from Ba3 to Ba2.
A large-scale fuel price reduction program will be implemented at all of the TotalEnergies' service stations in France until year-end in order to meet the expectations of French people affected by energy price increases.
After lifting its force majeure, estimates indicate that Libya's National Oil Corporation (NOC) and its companies have achieved a relative increase in oil production, with current production reaching 860,000 barrels per day (bbl/d), compared to 560,000 bbl/d pre-reopening production rate.
