Companies

BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net …

Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the Russian gas giant said on Monday. Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now …

A source in the state-owned North Oil Company (NOC) revealed on Wednesday that representatives from British Petroleum (BP) arrived in the northern Iraqi governorate of Kirkuk to meet with NOC officials in the hope of finalizing an agreement to begin developing oil fields in the area. The source told Shafaq …

Russian gas giant Gazprom is cutting its planned investments for next year by 7% compared to 2024 levels as more natural gas flows out of Russia are now headed to China instead of Europe. Gazprom’s investment is now geared toward developing gas fields and processing facilities in eastern Russia and …

BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents …

Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for additional extraordinary distributions to shareholders in the period, the Brazilian state oil and gas giant said in the presentation of its five-year business plan. “Robust free cash flow allows for solid dividend estimates, projecting US$ …

BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents …

Saudi Aramco plans to regularly tap the bond market for debt issuance as it looks to optimize capital structure and widen its investor base, Ziad Al-Murshed, chief financial officer of the world’s biggest oil firm, told Bloomberg in an interview. “You’ll see us do a couple of things. One is, …

Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana, Hess Corp.’s CEO has said, as quoted by Reuters. The floating production, storage, and offloading vessel should reach its destination in the first quarter of next year, John …

Brazil’s Petrobras plans to spend $111 billion in the five years between 2025 and 2029, with $77 billion of this total earmarked for oil and gas exploration and production activities, Reuters reported, citing a securities filing. The new spending figure is $10 billion higher than an earlier version of the …