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Noble to buy Diamond Offshore for $1.6bn
Noble Corp will buy its smaller rival Diamond Offshore Drilling in a cash and stock deal of an estimated $1.59bn. The union of the offshore rigs operators is the latest of many mergers and acquisitions in the US oil and gas sector.
KSE: Damages to Ukraine’s energy sector exceeded $56bn
As a result of the full-scale invasion of the Russian Federation on the territory of Ukraine, the energy sector suffered direct damages and indirect financial losses in the amount of $56.2bn.
Venezuela creditors seek JPMorgan's backing in $7bn Citgo bid
A consortium of creditors of Venezuela is reportedly seeking financial support from JPMorgan Chase & Co. to fund a $7bn bid for the parent company of US refiner Citgo Petroleum Corp.
Mountain Valley Pipeline completed, approved to start operations
The Federal Energy Regulatory Commission (FERC) has authorised the start of the 488-km pipeline, which has been delayed by legal wrangling for almost a decade since it was first proposed.
How Masdar is transforming Azerbaijan's energy landscape
The state-owned Masdar renewable energy company has just signed off on a solar power development in Azerbaijan.
Oilsands CEOs support carbon tax, dislike Canada’s proposed emissions cap
In Canada, the largest oilsands producers support a carbon tax but dislike a proposed oil and gas emissions cap, the companies’ top executives told Ottawa lawmakers recently.
US oil production flattens, says EIA
US crude oil production will grow by just 2% from 2023 to an annual average of 13.2mn barrels per day in 2024 and by another 4% in 2025 to 13.7mn bpd, says a new forecast by the Energy Information Administration.
Greece becoming key gateway to Europe for US LNG
International plans made years ago are beginning to take shape in northern Greece with the installation of the Alexandroupolis INGS and the completion of pipelines that transport gas from the Caspian Sea state of Azerbaijan to Europe.
Chariot, Energean set to drill two wells at Lixus license offshore Morocco
Africa-focused energy firm Chariot Limited expects drilling operations inside the Anchois-East well in the Lixus licence offshore Morocco to start in August, betting on the drillship Stena Forth to accomplish the mission.
Nigeria reduces signature bonuses for oil blocks
GLNG: Mexico Pacific reveals plans to invest a further $15bn in LNG projects in northern Mexico
The climate case for US LNG
The research may provide a compelling reason for the US pause on LNG approvals to be lifted.
Freeport LNG files lawsuit against three contractors over equipment defects
US LNG developer Freeport LNG has opened a lawsuit against three contractors, claiming installation defects in equipment at its Texas facility led to prolonged outages.
Mexico Pacific reveals plans to invest a further $15bn in LNG projects in northern Mexico
Mexico Pacific Limited has unveiled bold ambitions to become a bigger player in the global LNG market with the announcement that a $15bn investment will be made in LNG projects in northern Mexico over the next two to three years.
OMV launches plant to produce renewable diesel component at Schwechat refinery
Austria’s OMV has commissioned a new co-processing facility for producing renewable diesel blending components at its 9.6mn tonne per year oil refinery in Schwechat.
Europe’s gas refill slowed by diversion of cargoes to Asia
Europe’s gas refill season has started slow as cargoes are increasingly being diverted to Asia, where heatwaves are hitting the continent.
First oil from Buchan redevelopment delayed by a year
First oil from HitecVision-backed Neo Energy’s Buchan redevelopment project in the UK North Sea has been delayed by a year until late 2027.
BP updates rules on managers disclosing intimate relationships
BP has warned its managers that they should own up to any intimate relations with colleagues or risk losing their jobs.
Glencore replaces Trafigura as oil supplier to Lindsey refinery
Commodity trader Glencore has secured a contract to supply crude oil to the Lindsey refinery in the UK, replacing its rival Trafigura.
Oil tanker stranded at Nigeria's Dangote refinery due to payment issues
A large oil tanker has been stuck at Dangote refinery as of June 6, awaiting the discharge of its 1.9mn-barrel cargo due to alleged payment issues.
Libya's oil output average 1.11mn bpd in Q1 2024
Kazakhstan launches vanadium oxides production with eye on “green energy” batteries market
Critical raw material also sought for micro-grids that ensure stable power.
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