Citgo Petroleum, a Houston-based oil refiner owned by Venezuela’s state oil company PDVSA, is at the center of a historic case to settle Venezuelan debts. The South American nation has defaulted on billions of dollars of bonds, and expropriated assets from foreign companies, including ConocoPhillips. Conoco’s Claim ConocoPhillips is the largest creditor in the case, […]
What Happened The Canada Energy Regulator (CER) issued an Inspection Officer Order to Trans Mountain on January 31, 2024 for environmental non-compliances near Abbotsford, BC. The order was issued after an inspection of the pipeline expansion project in response to recent flooding. The inspection found multiple environmental deficiencies. These included: The CER ordered Trans Mountain […]
What does the merger mean for the companies and the industry? Aera Energy and CRC are two of the largest oil and gas producers in California, with complementary assets, operations and expertise. By joining forces, they aim to create a stronger and more resilient company that can deliver value to shareholders, customers, employees and communities. […]
Woodside and Santos Woodside Energy is Australia’s largest independent oil and gas company, with a current market capitalization of about US$40 billion. It operates assets throughout Australia as well as international projects in the Caribbean and the US. It is the operator of the North West Shelf, Australia’s largest LNG project, and has stakes in […]
Methane is a potent greenhouse gas that contributes to global warming and climate change. Reducing methane emissions from oil and gas operations is a key priority for the industry and a collective ambition for the signatories of the OGDC at COP28. One of the signatories, TotalEnergies, has developed a pioneer technology called AUSEA (Airborne Ultralight […]
Venture Global LNG and Grain LNG have announced a new deal that will strengthen the security and diversity of natural gas supply to the UK and Europe. The two companies have executed a binding long term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, […]
About ADNOC Gas ADNOC Gas is one of the world’s largest LNG producers, with over 40 years of experience in the LNG market. It operates six LNG trains with a total capacity of 10.5 mmtpa at Das Island, off the coast of Abu Dhabi. ADNOC Gas is responsible for marketing and selling ADNOC’s LNG to […]
QatarEnergy, the world’s largest liquefied natural gas (LNG) company, has announced a long-term condensate supply agreement with Mitsui & Co. Energy Trading Singapore Pte. Ltd. The 10-year deal will start in April 2024 and will supply up to 11 million barrels of condensates per year. Condensates are light hydrocarbon liquids that are produced along with […]
TotalEnergies, a global multi-energy company, has announced that it has signed a definitive agreement to acquire OMV’s 50% interest in SapuraOMV, a Malaysian independent gas producer and operator, for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV) . The transaction is subject to customary closing conditions, including the […]
Canada’s Trans Mountain pipeline expansion project, which aims to increase the capacity of the existing pipeline system from Alberta to British Columbia, has encountered another setback in its construction. The company announced on January 29, 2024, that it had experienced technical issues during the pipeline pullback activity for the Mountain 3 Horizontal Directional Drill (HDD), […]