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Iran is using Malaysian providers to move sanctioned oil
Iran’s capacity to transport its oil is reliant on service providers based in Malaysia, with oil being transferred near Singapore …
Shell to divest refining and chemicals assets in Singapore to CAPGC
Shell Singapore, a subsidiary of Shell, has agreed to divest its Energy and Chemicals Park in Singapore to CAPGC, a …
Santos and Repsol exploring sale of stakes in Alaska oilfields
Santos and Repsol are considering the sale of minority stakes in their jointly owned oilfields in Alaska, a move that …
EIA estimates slower world oil demand growth in 2024
The US EIA revised its earlier forecast on world oil demand for 2024 on Tuesday, indicating that it is expected …
Aramco Q1 net income slumps more than 14% to $27.27bn
Saudi Aramco has reported net income of $27.27bn for Q1 2024, down 14.4% from $31.87bn in the same period a …
OKEA awards EPCI contract to SLB OneSubsea and Subsea7 for Bestla project
Norwegian oil and gas company OKEA has awarded a contract to SLB OneSubsea and Subsea7's Subsea Integration Alliance to develop …
Sapura Energy secures $1.8bn contracts from Petrobras
Sapura Energy has secured contracts valued at $1.8bn (9.13bn reais) from Brazil's state-owned company Petrobras for the provision of subsea …
BP reports 45% earnings drop in Q1 2024, cites lower energy prices
British oil and gas giant bp's earnings for Q1 2024 were $2.7bn, down 45% from the same period in 2023, …
US natural gas prices up 3% to 14-week high
US natural gas futures gained around 3% to reach a 14-week high on Monday following forecasts for higher demand over …
BW Group to separate oil and gas exploration business
Global maritime company BW Group has announced a corporate restructuring that will see its oil and gas exploration business, BW Energy, …
New report accuses fossil fuel companies of greenwashing, but profits are up
Last week, US Democrats released a report three years in the making detailing the ways that large fossil fuel producers …
ADNOC abandons talks to acquire stake in Brazil’s Braskem
Abu Dhabi National Oil Company (ADNOC) has ceased discussions regarding the acquisition of a majority stake in the Brazilian petrochemical …
Shell to exit downstream businesses in South Africa, Malaysia
Shell has announced its intention to divest from its downstream operations in South Africa and is currently negotiating the sale …
Sinopec eyes stake in Canada’s Cedar LNG project
Chinese oil company Sinopec is in talks with Pembina Pipeline for an LNG offtake agreement and equity stake in the Cedar …
UK’s NSTA awards 31 new North Sea oil and gas exploration licences
North Sea Transition Authority (NSTA) has awarded 31 new oil and gas licences in the North Sea, supporting UK energy …