bp Exits Dutch Retail Market in Major Deal with Catom
As part of its $20 billion divestment program, bp is exiting the Netherland’s retail market through an agreement to sell its Mobility & Convenience and bp pulse operations there to Catom.
News / International
Aramco Negotiates to Increase LNG Purchases from USA
Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters.
bp to Redevelop Mature Fields in Libya
bp, the British oil giant, signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin.
ExxonMobil Makes New Gas Discovery in Cyprus
ExxonMobil discovered a reservoir of natural gas at a prospect off the island’s coast, Reuters reported, citing Konstantinos Letymbiotis, the spokesperson of the Cypriot government. Drilling operations revealed a 350-meter reservoir of natural gas at a depth of 1.9 kilometers in the Pegasus-1 well.
Shell Expects Lower Integrated Gas Trading during Q2 2025
Shell's trading of integrated gas is expected to decline in Q2 2025 compared to Q1 2025, according to its operational results. The Company's production recorded 927,000 barrels of oil equivalent per day (boe/d) in Q1 2025, and predicts the production of 900,000- 940,000 boe/d in Q2 2025.
Aramco considers Asset Sales to Raise Cash
Saudi state-owned oil major, Aramco, is considering selling up to five gas-fired power plants to raise cash, Reuters reported, quoting three people familiar with the situation.
bp Inks Agreements for Business Growth in Azerbaijan
bp and its partners have signed a series of strategic agreements aimed at expanding their substantial oil and gas portfolio in Azerbaijan. The deals are set to drive future growth, boost production, and strengthen collaboration with the Azerbaijani government and state energy firm SOCAR.
US LNG Exports Dip in June Due to Scheduled Terminals Maintenance
US liquefied natural gas (LNG) exports registered their second lowest monthly volume this year in June, as maintenance activities at major export terminals curtailed output, Reuters reported quoting provisional data from financial firm LSEG.
Canada Ships First LNG Cargo From LNG Canada Facility to South Korea
Canada has shipped its first liquefied natural gas (LNG) cargo from the LNG Canada facility in Kitimat, British Columbia, and en rout to South Korea. Though the LNG shipment amount was not specified, the facility is producing 14 million tons per year (mtpa) of LNG in its first phase, with plans to double capacity in a second phase.
Equinor, Partners to Invest $1.3bn in Johan Sverdrup Oilfield Expansion in North Sea
Norwegian energy company Equinor and its joint venture partners have agreed to invest $1.29 billion to expand the Johan Sverdrup oilfield, currently the most productive oilfield in Western Europe. The expansion is aimed at boosting recoverable resources by 40 to 50 million barrels of oil equivalent (mmboe) from Phase 3 of the field. It is expected to start production in the fourth quarter of 2027 (Q4 2027) utilizing new subsea wells that are connected to an existing infrastructure.
