U.S. | Egypt Oil & Gas

India’s Russian Crude Imports Set to Top 1 mmbbl/d in December Despite Sanctions

India’s imports of Russian crude oil are set to exceed 1 million barrels per day (mmbbl/d) in December, according to trade and refining sources, bucking earlier expectations of a sharp drop as refiners resume purc ...

Saudi Midad Energy Eyes $22bn Lukoil Overseas Portfolio

Saudi Arabia’s Midad Energy has become a key contender to acquire the international assets of Russian oil major Lukoil. The assets, estimated to be worth around $22 billion, include oilfields, refineries, and thou ...

Chevron Joins Race for Lukoil’s International Assets, Sources Say

US oil giant Chevron is reviewing potential opportunities to acquire international assets owned by sanctioned Russian producer Lukoil, five sources told Reuters on November 17. This move follows a US Treasury waiv ...

U.S. Eases Restrictions to Facilitate Potential Sale of Lukoil’s Foreign Assets

The US Treasury issues licenses to allow the sale of Lukoil's foreign assets and exempts Bulgaria's Burgas refinery from sanctions to safeguard partner energy security.

Saudi Aramco to Sign 4 Mn TPA US LNG Deals with Woodside, Commonwealth

Saudi Aramco is set to sign two major liquefied natural gas (LNG) supply agreements in the US next week with Woodside Energy and Commonwealth LNG, according to sources cited by Reuters.

Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses

Lukoil’s sale to Gunvor is blocked by the US Treasury, raising pressure as the Nov 21 sanctions deadline nears. Industry analysts predict Lukoil may be compelled to sell its international assets at deep discounts ...

US Delegation Explores Investment Opportunities in Egypt’s Energy Sector

As part of efforts to strengthen Egyptian-American investment relations, Karim Badawi, Minister of Petroleum and Mineral Resources, received a delegation from the US International Development Finance Corporation ( ...

Japanese Companies Study to Produce E-Methane Gas in U.S, Liquify at Cameron LNG Plant

The Four Japanese Companies Tokyo Gas, Osaka Gas Toho Gas and Mitsubishi Corporation have entered into an agreement to conduct a detailed joint feasibility study on a project to produce synthetic methane (e-metha ...

Chevron, JERA Join Forces to Boost Decarbonization Solutions in Asia Pacific, U.S.

Chevron Corporation and JERA are working together on a number of opportunities to reduce carbon emissions with an emphasis on the US and the Asia-Pacific region, including production, carbon capture, usage, and st ...

ConocoPhillips, JERA Offering to Develop U.S. Hydrogen Gas Plant

ConocoPhillips, one of the biggest independent oil producers in the United States, will supply natural gas and oversee a carbon capture and storage facility for a proposed U.S. hydrogen gas project that will be de ...

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