Companies

Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices.

Exxon has been in talks with Russian gas giant Gazprom for years over gas sales from Sakhalin-1.

Gazprom'.s 2018 plan for gas production is expected to exceed 430 billion cubic meters. which were initially planned for 2017.

As well as accelerating the transition to gas. Van Beurden has advocated a price on carbon and worked to promote hydrogen as a transport fuel.

Total had announced earlier in August that it would acquire Maersk Oil for $5 billion. bolstering its position among the world'.s largest oil companies.

Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.

The company said it began initial restart of the 560.500 barrel per day (bpd) Baytown refinery on Friday night.

Lukoil controls refineries in Romania. Bulgaria. Italy and the Netherlands. The company declined to comment on Reuters'. message about the possibility of Litasco selling.

The partnership with AKA represents part of MAN Diesel &. Turbo’s strategic development program.

The Edradour and Glenlivet development is near the French oil and gas giant’s existing Laggan-Tormore fields which started production in February 2016.