Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant
Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported.
US | Egypt Oil & Gas
Aramco Seals 17 Major US Agreements Worth Over $30bn
Oil giant Saudi Aramco has made over $30 billion in 17 Memoranda of Understanding (MoUs) and agreements with major companies in the US during a visit to Washington by the Saudi Crown Prince Mohammed bin Salman. Th ...
Iraq Signs $450 Million Deal with Excelerate to Build First LNG Regasification Unit
Iraq has signed a $450 million investment agreement with US-based Excelerate Energy to construct the country’s first floating storage and regasification unit (FSRU) at the port of Khor al-Zubair, officials told Re ...
Lukoil to Sell International Assets after New Sanctions Imposed
Russian oil giant Lukoil plans to sell its international assets following the imposition of new restrictive measures against the company and its subsidiaries. Lukoil has begun reviewing bids from potential buyers ...
TotalEnergies Acquires 49% Stake in US Natural Gas Company
TotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continen ...
ExxonMobil May Return to Sakhalin-1, Two Years After Putin’s Takeover
Russia’s President Vladimir Putin has signed a decree that could enable foreign investors, including US. ExxonMobil, to reclaim their stakes in the Sakhalin-1 oil and gas project.
India to Continue Purchasing Russian Oil Regardless Trump’s Warnings
Two sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump's warnings to impose more penalties, Reuters reported.
The sources confi ...
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 Reu ...
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 da ...
bp Unveils New Oil Discovery at Gulf of America.
bp announced an oil discovery at the Far South prospect in the deepwater US Gulf of America.
