Total Buys 10% Stake In Arctic LNG 2 Project From Novatek
Total has agreed to buy a 10% stake in the Arctic LNG 2 project from Russia's Novatek, as the French energy group looks to build up its presence in the area to service a fast-growing Asian market.
HART ENERGY CONNECT: Exxon’s Latest Discovery, Public Lands Bill Reaction
Apache saw a rise in production from its shale assets in the Permian Basin.
Marathon Oil Signs Agreement For Divestiture Of UK Business
Marathon Oil Corp. announced Feb. 25 the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC and Marathon Oil West of Shetland Limited.
Repsol Unveils Largest Gas Discovery In Indonesia In 18 Years
The find, made in the Sakakemang block in South Sumatra, would translate into more than 350 million barrels of oil equivalent.
Venezuelan Oil Exports To US Still A Primary Source Of Cash
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the U.S.to cut off that revenue would likely force it to send crude to China, India or other Asian countries.
US Interior Department To Recall Some Furloughed Workers For Gulf Oil Lease Work
The U.S. Interior Department intends to temporarily recall some workers furloughed by the partial federal government shutdown to prepare an upcoming Gulf of Mexico oil lease sale, using funds left over from last year, according to a department document.
Nine States Seek To Stop Atlantic Seismic Testing
Attorneys general from nine U.S. states sued the Trump administration on Dec. 20 to stop future seismic tests for oil and gasdeposits off the East Coast.
Production From Saudi Arabia, Kuwait Neutral Zone Fields Won’t Resume Anytime Soon
Production from the neutral zone between Saudi Arabia and Kuwait won’t be resumed anytime soon, as the issue became political rather than technical issue.
China Imports First US Crude In Two Months, Traders Still Wary
China imported its first U.S. crude oil cargo in around two months last week, according to industry sources and Refinitiv Eikon data - a deal made by an independent "teapot" refiner as larger players held off amid trade tensions.
US Slams Russia's Yamal LNG Transfers In Norwegian Waters
Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world's largest liquefied natural gas (LNG) terminals, undercuts Europe's energy diversification efforts, the U.S. State Department said on Nov. 30.