Saudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under […]
China and the EU have agreed to enter discussions over tariffs imposed on Chinese electric vehicles. German Vice Chancellor Robert Habeck visited Beijing to discuss trade issues, but a meeting with Premier Li Qiang was […]
Owners of electric cars are ditching battery power and returning to petrol as demand for greener vehicles drops across Britain. Range anxiety, a lack of public charging points and limited incentives are the key factors behind the […]
The US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […]
Switzerland-based offshore drilling contractor Transocean has tucked a multi-million contract extension in the U.S. Gulf of Mexico under its belt for an ultra-deepwater drillship employed by Hess Corporation, a U.S.-based oil and gas player. Set to […]
U.S. oil drilling activity hit a 29-month low last week. In the course of the past nine months, StanChart says that there has been no indication whatsoever of sustained growth in U.S. crude oil production. […]
Goldman Sachs Group Inc. has appointed John B. Hess as an independent director of its board with effect from June 24. Hess will serve on the board’s compensation, governance, and risk committees, Goldman Sachs said […]
Shell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately […]
Japan’s Mitsui & Co., Ltd. has completed the acquisition of an unconventional gas asset in Texas from Sabana, LLC and Vanna, LLC through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka […]
US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]
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