TotalEnergies Signs Two LNG Supply Contracts in Asia

• Wednesday, 5th June 2024
• by Doaa Ashraf

TotalEnergies has signed two new LNG medium and long-term contracts in Asia, aligned with its strategy to grow its liquefied natural gas (LNG) business. One is a sales and purchase agreement (SPA) signed with Indian Oil Corporation (IOCL) to deliver up to up to 800,000 tons per year of LNG for ten years from 2026 to India, while the other is a Heads of Agreements (HoA) signed with Korea South-East Power to deliver around 500,000 tons per year of LNG for five years from 2027 to South Korea.

South Korea to Begin Drilling for Potential 14 Billion Barrels of Oil, Gas off its East Coast

• Tuesday, 4th June 2024
• by Doaa Ashraf

South Korea’s President has approved the exploration and drilling of some oil and gas reserves off the country’s east coast.

Tokyo Gas Eyes Further Expansion in US Natural Gas Market

• Tuesday, 4th June 2024
• by Doaa Ashraf

Japan’s top city gas supplier Tokyo Gas plans to add more natural gas assets in North America after its recent acquisition of US shale gas producer.

US LNG Exports Surge to 7.60MT in May, After Freeport LNG Resumes Full Production

• Tuesday, 4th June 2024
• by Doaa Ashraf

US increased its liquified natural gas (LNG) exports in May to 7.60 million metric tons (MT) from 6.19 million MT in April and just below the 7.61 MT exported in March, LSEG data showed.

Petronas Declines in Profit for 1Q 2024 Results, Amid Higher Operating Costs, Lower realized Prices

• Monday, 3rd June 2024
• by Doaa Ashraf

Rongsheng Petrochemical Secures its First Canadian TMX Crude Cargo

• Monday, 3rd June 2024
• by Doaa Ashraf

Chinese refiner Rongsheng Petrochemical has purchased its first Canadian crude oil through the recently expanded Trans Mountain Pipeline (TMX) from TotalEnergies via a tender process, according to Reuters.

Japan, EU Cooperate to Develop Clean Hydrogen Supply, Demand Polices

• Monday, 3rd June 2024
• by Doaa Ashraf

ConocoPhillips to Acquire Marathon Oil in All Stock Transaction Valued at $22.5B

• Thursday, 30th May 2024
• by Doaa Ashraf

US energy sector ConocoPhillips has stated it has reached an agreement to acquire Marathon Oil in a blockbuster deal valued at $22.5 billion.

TotalEnergies to Develop Green Hydrogen Project in Tunisia

• Wednesday, 29th May 2024
• by Doaa Ashraf

TotalEnergies, alongside its TH H2 partner and VERBUND, have signed a Memorandum of Understanding (MoU) with Tunisia for the development of a green hydrogen project named H2 Notos. This project aims to export green hydrogen to Central Europe through pipelines.

bp to Cooperate with EOG Resources for Co-Developing Gas Field Offshore Trinidad, Tobago

• Tuesday, 28th May 2024
• by Doaa Ashraf

bp and US shale producer EOG Resources are in talks to cooperate on developing a natural gas field located offshore Trinidad and Tobago, according to Reuters.