The European Council said on Wednesday it reached an agreement with the European Parliament on phasing out Russian gas imports by 2027 as part of an effort to end dependency on Russian energy.The agreement will include a legally binding, stepwise…
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.The development will…
Moscow and Beijing have been discussing ways to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak said on Tuesday.China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022…
TotalEnergies has completed the divestment of its non-operated interest in the Bonga deepwater field offshore Nigeria, selling its share to Shell Nigeria Exploration and Production Company (SNEPCo) and Eni.SNEPCo, a subsidiary of Shell, completed…
Kazakhstan's state energy company KazMunayGaz has raised its production forecast for the Kashagan and Karachaganak oilfields this year to 18.25 million metric tons (mmt) and to 11.2 mmt respectively, it said on Tuesday.The previous forecast for Kashagan was 17…
Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets…
ADES Holding has secured a two-year contract through its subsidiary Shelf Drilling for the Compact Driller standard jack-up with Brunei Shell Petroleum, a joint venture between the Brunei government and Shell.The Compact Driller deal mars ADES…
Ithaca Energy has signed a farm-in agreement with Shell UK for a 50% working interest in licenses P2629 and P2630, located in the West of Shetland basin, containing the Tobermory discovery.Following completion of the farm-in, Shell UK will continue…
European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U…
Nordsee One has signed a five-year power purchase agreement (PPA) with Shell Energy Europe covering around one-third of the annual output from the 332 MW Nordsee One offshore wind farm.The agreement will start in June 2027. Part of the renewable…
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP…
Russian energy group Lukoil's foreign empire is suitor Gunvor's biggest acquisition target to date but looks far beyond the Swiss trader's borrowing capacity, bankers and insiders say.Lukoil launched the sale of foreign assets on October 27 after coming under fresh U…
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP won a similar $1 billion-plus arbitration…
Shell has exited the MarramWind and CampionWind projects off the coast of Scotland following a strategic review, the company said on Monday, a move that aligns with its current pivot away from renewables.Shell sold its 50% interest in MarramWind…
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