Venezuela's state oil company PDVSA and US oil major Chevron have requested a 15-year extension for two of their joint ventures from the country's oil ministry, said Deputy Minister Erick Perez.
Neptune Energy, along with its partners EBN, Tenaz Energy, and ExxonMobil Netherlands CCS, has progressed the L10CCS project from the Concept Select phase to the Define/FEED phase, which involves conducting technical and economic assessments to determine the feasibility of the project.
Brazil's latest offshore oil auction, organized by the country's oil regulator, ANP, saw fierce competition among major oil and gas companies.
Germany's state-owned Securing Energy for Europe GmbH, SEFE, has sought approval from the US energy regulator for liquified natural gas (LNG) developer Venture Global to begin construction on its Calcasieu Pass 2 LNG (CP2) LNG project in Louisiana.
TotalEnergies has announced its plans to accelerate its development in the electricity business.
Baker Hughes, a leading energy technology company, has announced a 20-year framework agreement with Chevron Australia Pty Ltd. where Baker Hughes will provide its innovative Aptara Subsea production systems for Chevron Australia's future offshore developments.
Aramco, a global leader in energy and chemicals, has announced its plans to acquire a 40% equity stake in Gas & Oil Pakistan, GO.
Energy trader Gunvor has announced its agreement to acquire a 75% stake in a 785 megawatt (MW) power plant in Bilbao, Spain, from bp Gas Marketing. This marks Gunvor's first power plant acquisition and is expected to be completed in the first quarter of 2024.
Frontera Energy and CGX Energy have jointly cooperated to develop a promising offshore block in Guyana, with a final investment decision expected by 2026. This joint venture has the potential to become the next major oil and gas exploration project in the country, following the success of the Exxon Mobil-led consortium.
Wintershall Dea has been awarded the Gold standard for the third consecutive year by the United Nations Environment Program (UNEP) for its engagement and pathway to reducing methane emissions.
