Hurricane Francine: a fifth of the Gulf of Mexico’s oil production still locked in
Despite the worst of Hurricane Francine having now passed, almost a fifth of the oil production in the Gulf of …
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Staatsolie signs production sharing contracts with PetroChina for blocks offshore Suriname
Staatsolie, the national energy company of Suriname, has signed production sharing contracts (PSCs) with PetroChina Investment Suriname, a subsidiary of …
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Peru approves $1.75bn package for state oil company Petroperu
The Government of Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company, …
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Colombian court orders Ecopetrol and Petrobras to cease drilling at Uchuva-2 well
A Colombian court has issued an injunction against Ecopetrol and Petrobras, mandating a halt to the drilling of the Uchuva-2 …
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Saipem secures $4bn EPC contract by QatarEnergy
Italian energy engineering company Saipem has secured an offshore engineering, procurement and construction (EPC) contract from QatarEnergy, worth approximately $4bn …
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TC Energy’s Coastal pipeline fined again for environmental non-compliance
The Government of British Columbia has fined a subsidiary of TC Energy, Coastal GasLink, C$590,000 for ten additional penalties relating …
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UK Government buys National Grid’s electricity system operator for $828m
The UK Government has agreed to buy the National Grid’s Electricity System Operator (ESO) for £630m ($827.95m) to “support energy …
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ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US
ExxonMobil has signed a project framework agreement with Japan’s Mitsubishi for participation in its proposed hydrogen and ammonia facility in …
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Gevo to acquire Red Trail Energy’s assets for $210m
Gevo is set to enhance its net-zero fuel production capabilities with the signing of a definitive agreement to acquire Red …
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Nigerians go to court and want $310m from Shell, and halt an asset sale
Nigerian communities are seeking N505bn ($310m) in compensation from Shell, alleging that the company violated an existing court order by …
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Baker Hughes unveils CarbonEdge for better CCUS risk management
Baker Hughes has launched CarbonEdge, a digital solution aimed at optimising CCUS operations. The end-to-end, risk-based platform, powered by Cordant, supports …
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Assessing Saudi Arabia’s “ambitious” renewable goals
Saudi Arabia is the second-largest crude oil producer – sitting just ahead of Russia, and below the US – with …
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Occidental’s 1PointFive receives up to $500m for direct air carbon capture hub
1PointFive, the carbon capture, utilisation and sequestration unit of US oil company Occidental, has secured funding of up to $500m …
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PTT International Trading signs contract to purchase LNG from Oman
PTT International Trading, the trading arm of Thailand's state-owned oil and gas company, PTT, has entered into a five-year agreement …
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China oil demand slowdown prompts IEA to cut oil growth forecast
The International Energy Agency (IEA) has cut its 2024 oil growth forecast by 7.2% to 900,000bpd, a decrease of 70,000bpd …
