OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia’s Gazprom for a stake in a Siberian gas field, as part of the Austrian firm’s strategy to boost its gas business.
Pakistan and Turkmenistan experts are set to meet next month to review arrangements and finalise modalities for groundbreaking of Pakistan-section of TAPI gas pipeline, scheduled to be performed in Chaman in October 2019.
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. Earnings before interest and tax (EBIT),
Papua New Guinea’s finance minister resigned on Thursday, days after the country signed a multi-billion dollar gas contract with energy majors Total and ExxonMobil.
The $21 billion Arctic liquefied natural gas (LNG)-2 project led by Russian private gas producer Novatek won a green light on Thursday, the latest in a raft of new projects aimed at meeting a likely doubling of LNG demand over the next 15 years.
Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azerbaijan (Azeri) supplies helped the region reduce reliance on Russia.
The Abu Dhabi National Energy Company (Taqa) announced on Thursday its financial results and operational highlights for the six-month period ending June 30, 2019.
China is implementing drastic changes in its oil and gas sector policy. Beijing will for the first time allow foreign companies to explore and produce oil and gas in the country. It opens up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy resources.
China’s Sinopec, expected to be the next major Chinese buyer of US liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices.