Libya inks Waha oil expansion deal with TotalEnergies, ConocoPhillips
(Bloomberg) – Libya signed a deal with TotalEnergies SE and ConocoPhillips that would more than double production capacity of their Waha Oil venture, with investments likely to reach $20…
SLB North American Revenue Jumps after ChampionX Acquisition
The acquisition of ChampionX helped the world’s biggest oilfield services provider, SLB (NYSE: SLB), raise its North America revenue by 15% in the fourth quarter versus Q3 despite the softer…
Europe’s Gas Storage Is Draining at the Fastest Pace in Five Years
Below-average winter temperatures are driving the fastest pace of withdrawals from natural gas storage in Europe in five years, as heating demand is rising. EU gas storage sites were only…
Indian Refiner BPCL to Sign $780 Million Oil Supply Deal With Petrobras
India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) is set to sign next week an oil supply deal with Brazilian state giant Petrobras for the delivery of 12 million barrels…
A Record LNG Year Looms for Europe as Markets Rebalance
Europe is expected to import a record-high volume of liquefied natural gas this year as stronger demand for replenishing storage sites, the phase-out of Russian supply, and continued pipeline exports…
China Moves to Price LNG in Yuan
China plans to launch LNG futures in yuan as it aims to hedge against volatile prices and have more power over global LNG pricing. The futures could be launched on…
Shell Signals $20 Billion Bet on Nigeria’s Deepwater Revival
Shell plans to invest $20 billion in the Bonga South West deepwater project offshore Nigeria, the special adviser to Nigeria’s president said after the government approved investment-linked incentives for the…
India Turns to Atlantic and Middle Eastern Crude as Russian Supplies Falter
Indian Oil Corp. has bought several crude oil cargos from Angola, Brazil, and the UAE to replace Russian barrels under sanctions, Reuters reported today, citing unnamed sources. The purchases include…
CO2 risk is now structural, not seasonal, says Nippon Gases
When it comes to navigating structural change in the CO2 market, Europe’s Nippon Gases is increasingly focused on redesigning its supply chain for resilience rather than reacting to short-term volatility.…
CO2 risk is now structural, not seasonal, says Nippon Gases
When it comes to navigating structural change in the CO2 market, Europe’s Nippon Gases is increasingly focused on redesigning its supply chain for resilience rather than reacting to short-term volatility.…
