Companies

Exxon is in talks to acquire Pioneer Natural Resources in a deal that could be worth up to $60 billion, the Wall Street Journal has reported, citing unnamed sources. This would be the biggest deal for Exxon since the merger with Mobil back in the 1990s and would make the …

His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, laid the foundational stone of the North Field expansion project, which will raise the State of Qatar’s LNG production capacity from the current 77 million tons per annum (MMtpa) to 126 MMtpa by 2026. The project …

Nasdaq-listed oilfield services major Baker Hughes has been awarded two contracts by Norwegian operator Vår Energi, expanding its North Sea footprint in exploration logging, well intervention technology and subsea production systems. The first contract is a nine-year engagement for well intervention and exploration logging solutions to assist Vår Energi in …

The state-owned Russian energy company Gazprom has released figures showing that its gas production fell by 25%, Russian news agency Interfax reported on Sept. 28. The reporting period compares the first half of 2023 with the first half of 2022. Gazprom blamed the fall on “the adoption in a number …

Equinor, an oil and gas company, has signed long-term gas supply deal with Austrian energy company OMV. Starting 1 October 2023, the five-year agreement will see Norway’s Equinor supply 12 terawatt-hour (TWh) of gas annually. Equinor said it will deliver the gas at the Trading Hub Europe in Germany. The …

Egypt immediately awarded four blocks of an oil and gas exploration bid round in the Mediterranean and Nile Delta to Italy’s Eni, the UK’s BP, QatarEnergy and Russia’s Zarubezhneft, the Egyptian Petroleum Ministry announced on Tuesday. Eni will take two of the blocks and a third in a coalition with …

BP and Shell, among others have scaled back promises to cut back oil and gas production and have signalled they would be there to provide the world with fossil fuel energy as long as it needs it. This is despite all European majors continuing to target net-zero emissions by 2050. …

The head of Canadian operations for oil producer Equinor said on Tuesday he is more optimistic the Norwegian company will proceed with its Bay du Nord offshore project, four months after delaying the project for up to three years due to soaring costs. “That’s our sentiment now, we really want …

Exxon will boost crude oil production in Nigeria by an additional 40,000 barrels per day, Nigerian President Bola Tinubu’s spokesman Ajuri Ngelale said in a statement on Tuesday. Nigeria has long had aspirations for increasing its crude oil production, most recently promising to boost production to 1.7 million barrels per …

Russian state energy giant Gazprom has shipped its first consignment of LNG to China through Russia’s Arctic waters, duplicating the delivery route used by Russian natural gas producer Novatek. In January, Gazprom opened an LNG liquefaction plant on Russia’s Baltic coast, about 100 miles to the northwest of St. Petersburg. …