West imposes price cap of $60 per barrel on Russian seaborne oil

However, a Russian spokesperson said the country would not abide by the EU’s price cap on its oil.

TotalEnergies seeks environmental clearance for South African block

The project is expected to extend the operational life of the F-A Platform and associated infrastructure by up to 20 years.

Neptune makes oil and gas discovery offshore Norway

The discovery at the Calypso well is estimated to hold up to 3.5 million standard cubic metres of recoverable oil equivalents.

Spain’s Repsol to exit from two exploration blocks in Gulf of Mexico

The decision comes as the company failed to find potential prospective resources.

The US accounted for most of the long-term LNG contracts signed in 2022

North America accounted for most long-term contracts signed for LNG export in 2022 while the Former Soviet Union covered the rest.