Four major oil giants, ExxonMobil, Shell, Chevron, and Equinor, have agreed to end their lawsuits that collectively attempted to enforce multibillion dollar arbitration awards against a Nigerian state-owned oil company.
Bulgaria's interim energy minister declared that talks between the Balkan nation and Russia's Gazprom to resume gas deliveries that were suspended in April after the government pledged to secure sufficient supplies for the winter were "inevitable", Reuters reported.
PDVSA, the Venezuelan government-owned oil and gas firm, has resolved its technical issues and resumed gasoline production at the nation's second-largest refinery, Reuters reported citing five sources with knowledge of the matter.
The Greenhouse Gas Storage Assessment Permit has been granted for the Bonaparte CCS Assessment joint venture between TotalEnergies (26%), INPEX (53%, Operator), and Woodside (21%), off the northwest coast of Australia to evaluate and do appraisal work on block G-7-AP, which is thought to be a good place for geological CO2 storage.
Libya's National Oil Corporation (NOC) has been hard at work to raise the production capacity of Alfaragh field, aiming to increase the average daily output to 149 million standard cubic feet of gas and 9000 barrels of condensates.
The Seagreen offshore wind farm, located 27 kilometers off the coast of Angus in Scotland, has begun producing power, according to TotalEnergies and its partner SSE Renewables.
The Russian oil pipeline monopoly Transneft, a major shareholder in CPC, announced on Monday that it had to halt loadings from its SPM-1 and SPM-2 mooring points because of damage at "the attachment points of underwater sleeves to buoyancy tanks."
Eni announced that it has made a significant gas discovery in the Cronos-1 well, which was drilled in Block 6 in 2,287 meters of water depth, 160 kilometers off the coast of Cyprus. Eni Cyprus, the operator of The Block, has a 50% stake, and TotalEnergies is a partner.
China bought discounted coal while Western nations avoided Russian cargoes due to Russia's invasion of Ukraine, causing China's coal imports from Russia to increase by 14% in July from a year earlier to their highest level in at least five years.
Robert Habeck, the German economy minister, said on Sunday that extending the lives of the nation's three surviving nuclear power reactors would only reduce gas use by 2%.
