Companies

The United Arab Emirates’ ADNOC Gas announced Monday a $1-billion deal to provide liquefied natural gas to France’s TotalEnergies as Europe scrambles to find alternatives to Russian energy sources. The liquefied natural gas provided under the three-year supply deal “will be delivered to various export markets around the world”, an …

Shell Australia is selling bp Plc its interests in the carbon-intensive Browse offshore natural gas project, one of Australia’s largest untapped gas fields. “The Browse asset is no longer a strategic fit in the context of Shell’s global portfolio,” Shell said in a statement Saturday, without elaborating on the size …

Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied …

Italian energy major Eni on Tuesday launched the construction works for the first natural gas liquefaction project in the Republic of the Congo, which is expected to supply LNG to Europe. The President of the Republic of the Congo, Denis Sassou Nguesso, and Eni’s CEO Claudio Descalzi today laid the …

ADNOC, the national oil company of Abu Dhabi, is expanding its natural gas production capacity and increasing investments to target Europe’s gas markets. As one of the Middle East’s largest energy producers, ADNOC aims to meet the growing international demand for LNG by becoming a net-exporter of gas. The company …

Equinor ASA and Norwegian airport regulator Avinor aim to make “advanced drone operations” over the North Sea common place to make it easier to inspect rigs and cut down the vast distances between the oil and gas platforms. Establishing an unmanned air traffic system will make it easier to employ …

An ExxonMobil spokesperson has confirmed to Rigzone that the company has exercised its right to withdraw from its joint operating agreement with Patriot Energy for Block VMM37 in Colombia. “We notified the Agencia Nacional de Hidrocarbons of our intent to withdraw from the E&P contract for VMM37, and to discuss …

Brazilian company Petrobras has partnered with Shell and Senai CIMATEC to develop a production development laboratory (LDP) for pre-salt research and development. Being built inside Senai CIMATEC Park in the Petrochemical Camaçari Cluster, the LDP will be equipped to allow testing of integrated systems in safe operating conditions similar to …

Europe will find it very difficult to refill its natural gas stockpiles ahead of next winter, Russian gas giant Gazprom said on Tuesday. Filling the European gas storage to the levels from before the 2022/2023 winter could become “a non-trivial task” for European companies, Gazprom said on its Telegram social …

U.S. oil and gas giant Chevron is looking to explore for natural gas off the coasts of Cyprus, Egypt, and Israel as the region’s energy demands grow. In a lease tender issued on Monday, the company is seeking a drilling vessel for 2024 with an option to extend its use …