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TotalEnergies to divest Brunei subsidiary to Hibiscus Petroleum for $259m

French oil and gas major TotalEnergies has agreed to offload its wholly owned subsidiary in Bruneito Malaysian company Hibiscus Petroleum …

Russia exceeds OPEC+ May output target, vows to get back in line

Russia has promised to meet its OPEC+ oil production targets in June after pumping too much oil in May and …

UK hits Russia’s shadow oil fleet with sanctions to weaken Russia’s military  

The UK imposed sanctions on Russia on Thursday, targeting the country’s shadow fleet vessels, which are being used to circumvent …

Uganda increases oil and gas industry budget ahead of production commencement 

The Government of Uganda has increased its annual budget for the oil and gas sector as the country prepares for …

Aramco Trading partners FTAI Infrastructure to enhance oil supply to Texas terminal  

Aramco Trading Americas, the energy trading arm of Saudi Aramco, has entered into a multi-year terminal services agreement with FTAI …