TotalEnergies SE has consummated the divestment of its refueling networks in Belgium, Germany, Luxembourg and the Netherlands to Alimentation Couche-Tard Inc. for EUR 3.4 billion ($3.73 billion). “TotalEnergies will continue to supply fuel to the service stations in these four countries for at least five years, notably from its refineries …
Read More »Equinor Sells off Azerbaijan Oil Assets
Norway’s national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan’s state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. “Equinor is in the process of reshaping its …
Read More »Gazprom Expands Gas Deliveries to Central Asia with Fifteen-Year Contracts
Russia’s energy giant, Gazprom, is poised to increase gas deliveries to Central Asian nations as the company aims to sign fifteen-year contracts with Kazakhstan, Kyrgyzstan, and Uzbekistan by mid-2024. The announcement came from Alexey Miller, Chairman of the Gazprom Management Committee, during the company’s final pre-New Year conference. Miller revealed …
Read More »Gazprom Says Connected nearly 900,000 Users to Network Gas in 2023
Gazprom PJSC has connected 842,000 new users to Russia’s natural gas infrastructure during 2023. The company said in a media release that in 2023 Russian residents have signed some 1.081 million contracts with national gas infrastructure expansion operator Gazprom Gazifikatsiya, regional gas infrastructure expansion operators and independent gas distribution entities …
Read More »TotalEnergies Invests Rs 2495 cr in Adani Energy Project
French energy giant TotalEnergies has invested Rs 2495.10 ($300 million) crore in a renewable energy joint venture (JV) with Adani Green Energy Limited (AGEL). In a statement, AGEL said it completed “1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested $300 million in AGEL subsidiary, …
Read More »Equinor Sells Its Azerbaijan Assets to Socar
Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR. The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the Caspian Sea, 8.71% interest …
Read More »ADNOC Signs LNG Deal with Unit of China’s ENN
ADNOC has signed an agreement for the supply of LNG to ENN LNG (Singapore), a wholly owned subsidiary of China-based ENN Natural Gas. Under the 15-year heads of agreement, ADNOC will deliver at least 1mtpa of LNG to ENN LNG (Singapore). The LNG will be mainly sourced from ADNOC’s low-carbon …
Read More »SOCAR Expands Influence in Caspian Basin with Equinor Deal
Equinor is exiting Azerbaijan by selling all its oil and gas assets there to Azeri state energy firm SOCAR, the Norwegian major said on Friday. For an undisclosed sum, Equinor will divest all its assets in Azerbaijan, which include a 7.27% non-operated interest in the huge Azeri Chirag Gunashli (ACG) …
Read More »Adnoc Signs 15-Year LNG Supply Deal with China’s ENN Natural Gas
Adnoc has signed a 15-year agreement with ENN LNG, the Singapore subsidiary of China’s ENN Natural Gas, for the delivery of at least a million metric tonnes a year of liquefied natural gas. The LNG will primarily be sourced from Adnoc’s Ruwais LNG project in Abu Dhabi, with deliveries expected …
Read More »BP to Pause all Tanker Transits through Red Sea
Oil giant BP has announced it is pausing all shipments of oil through the Red Sea after recent attacks on vessels by the Yemeni army. It made the decision because of the “deteriorating security situation” though said it was a temporary move, media reported pmn Monday. A number of freight …
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