DEPA Commercial reaches settlement with Gazprom for gas pricing dispute
Greek gas supplier DEPA Commercial has reportedly negotiated an out-of-court settlement with Gazprom over a gas pricing dispute, according to …
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Hess exits Suriname’s offshore Block 59
US-based oil and gas company Hess has announced its decision to relinquish its interest in Block 59 offshore Suriname. The block …
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Businesses at greater risk of cyberattack due to geopolitical tensions
Businesses around the world “will inevitably be affected” by an increase in cyberattacks driven by geopolitical tensions, a new report …
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McDermott wins offshore installation contract in Brazil
Engineering and construction solutions provider McDermott has secured a contract for offshore transportation and installation in Brazil for the Papa-Terra …
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Consumers Energy upgrades 135-mile natural gas pipeline in Michigan
Consumers Energy is working on a summer construction programme to replace 135 miles of century-old cast-iron and steel pipelines across …
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OPEC+ set for September 2025 production boost
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is expected to approve a 550,000 barrels per …
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ExxonMobil expects $1.5bn hit to Q2 earnings from lower oil and gas prices
ExxonMobil has forecast a reduction of $1.5bn in its second-quarter (Q2) earnings 2025 due to lower oil and gas prices, …
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Sonatrach and Eni sign $1.35bn 30-year hydrocarbon production deal
Algeria’s national oil and gas company Sonatrach, with its partner Eni, have formalised a 30-year hydrocarbon production sharing contract for …
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BP, Shell and Libya’s NOC link for oilfield exploration and development
Libya's National Oil Corporation (NOC) has agreed with oil companies BP and Shell to conduct hydrocarbon exploration and development studies …
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Kinetics awards seventh FSRU project to Seatrium
Global offshore solution provider Seatrium has secured a contract for a floating storage regasification unit (FSRU) conversion by Kinetics, an …
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TDPC awards Ntorya gas field pipeline EPC contract to Chinese companies
China Petroleum Pipeline and the China Petroleum Technology & Development Corporation have been awarded a contract by the Tanzania Petroleum …
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Petro-Victory and ATE to merge for growth and asset diversification
Petro-Victory Energy has signed a binding memorandum of understanding with a publicly traded Brazilian energy company, Azevedo & Travassos Energia …
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Venture Global subsidiary closes $4bn senior secured notes
Venture Global's subsidiary, Venture Global Plaquemines LNG (VGPL), has closed a $4bn offering of senior secured notes, aimed at refinancing …
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TotalEnergies’ $20bn Mozambique LNG project gears up for restart
TotalEnergies' $20bn liquefied natural gas (LNG) project in northern Mozambique is taking steps towards resumption, with companies involved beginning preliminary …
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Petrobras weighs Polo Bahia onshore assets sale amid low oil prices
Brazilian oil and gas company Petrobras is evaluating the potential sale of its Polo Bahia onshore oil and gas operations …
