DNO ASA entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major U.S. bank for up to $500 million. SourceContinue Reading
Mozambican President Daniel Chapo said his government and private companies will have to collectively ensure the necessary security is in place to enable TotalEnergies to restart construction of a $20 billion gas project that has stalled due to a militant insurgency — and even then, risks will remain. SourceContinue Reading
Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. SourceContinue Reading
Cunningham Natural Resources Corp. (CNRC) have announced that Aruna Holdings LLC has acquired 80% of the company. The deal includes a change of name to Surya Oil and Gas Corp. (SOGC), and the licensing and deployment of Surya’s proprietary Kubera™ technology. SourceContinue Reading
The global energy community is set to converge in Dubai on December 10 for a landmark event dedicated to shaping the future of natural gas across the region. The Middle East Gas Conference 2025 will serve as a strategic touchpoint for aligning industry priorities on gas-to-power, while maximizing the region’s economic potential. SourceContinue Reading
The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed the ‘One Big Beautiful Bill.’ U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate’s decision as a victory for the U.S. oil and gas industry. SourceContinue Reading
LNG Canada has successfully shipped the first export cargo from its newly-constructed facility located in British Columbia, Canada. The plant is the first-of-its-kind in Canada with an annual production capacity of up to 14 million tonnes of LNG. SourceContinue Reading
Momentary price spikes aside, the recent conflict and now uneasy ceasefire between Israel and Iran has done little to alter the trajectory of global oil markets, according to a new analysis by S&P Global Commodity Insights. SourceContinue Reading
Equinor and Aker BP are investing NOK 13 billion (~$1.29 billion USD) in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe). SourceContinue Reading
Total U.S. liquids production managed a record-high of 20.83 million bpd in April, up roughly 50,000 barrels from the previous month, according to the Energy Information Administration’s latest Petroleum Supply Monthly report released on Monday. SourceContinue Reading
