Saudi Aramco has assured at least four North Asian consumers that it will supply all contracted volumes of petroleum in September, Reuters reported referencing unidentified sources who have knowledge of the matter.
The value of E.ON's stake in the Nord Stream 1 gas pipeline has been reduced by roughly EUR 700 million ($715 million) due to "heightened uncertainty" on the effects of Russia's conflict in Ukraine. E.ON is the largest energy network operator in Europe.
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, the province's governor said, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.
According to a statement released by the Nigerian government, Nigeria’s President Muhammadu Buhari has approved Seplat's purchase of ExxonMobil's Nigerian subsidiary, Reuters reported.
According to its interim financial report, Saipem is in talks with Novatek to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek .
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has totally acquired Solenergi Power Private Limited and the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
bp has agreed to sell its 50% stake in the bp-Husky Toledo Refinery in Ohio to Cenovus Energy Inc., its joint venture partner.
After Russia temporarily banned Western investors from selling shares in key energy projects, Japan's minister for economy, trade and industry Koichi Hagiuda stated that the country intends to keep a stake in the Sakhalin-1 oil and gas project,
HF Sinclair's growth for the second quarter sped way ahead of Wall Street projections due to strong demand for fuel and refined products, Reuters reported.
The Abu Dhabi National Oil Company (ADNOC) announced today that ADNOC Drilling has been granted two contracts totaling more than $3.4 billion to employ eight jack-up offshore rigs. The contracts, valued at $1.5 billion and $1.9 billion, respectively, were given out by ADNOC Offshore and will enable the UAE to become self-sufficient in gas as well as the increase of ADNOC's crude oil production capacity to five million barrels per day by 2030.
