The total US rig count stayed flat in the week up to July 31, according to the latest data from oilfield services firm Baker Hughes, having declined for the previous 20 weeks.
Marathon Petroleum has announced plans to permanently close two small US refineries and to sell its network of Speedway gasoline stations to 7-Eleven, a subsidiary of Japan’s Seven & i Holdings, for $21bn.
State-owned PetroVietnam Gas (PV Gas) has teamed up with a number of other PetroVietnam subsidiaries to develop projects that will take advantage of its first liquefied natural gas (LNG) terminal.
MPLX, the master limited partnership formed by Marathon Petroleum in 2012 to focus on midstream assets, has flagged up the financial impact of a potential shutdown of two pipelines serving the Bakken play.
Japanese energy giant JERA and India’s Reliance Power have secured a $642mn loan for their planned liquefied natural gas-fired thermal power plant in Bangladesh.
Indonesia’s state-owned Pertamina is reportedly in talks with US major Occidental Petroleum (Oxy) regarding the potential sale of oil and gas assets in Ghana and the UAE.
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France’s Total has reported as part of its second-quarter results that it has written down its Canadian oil sands assets by $7.0bn.
Details have emerged about plans by two international oil companies (IOCs) to drill in Suriname’s offshore zone.
Kenya Pipeline Co. (KPC) has said it does not expect to begin deliveries of petroleum products to Uganda via port facilities in Kisumu on schedule in January 2021.
Nigeria has reiterated its pledges to remain in compliance with OPEC+ production quotas, but it is likely to keep up its long-standing habit of quota-busting.
The US major Occidental Petroleum (Oxy) is reported to be in talks with Pertamina, Indonesia’s national oil company (NOC), regarding the potential sale of oil and gas assets in Ghana, Algeria and the UAE.