Exxon declares force majeure on Russian Sakhalin-1 operations

Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.

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Schlumberger says carrying value of Russia assets is $800mln

Oilfield services firm Schlumberger NV on Wednesday said the carrying value of its net assets in Russia was roughly $800 million as of March 31, 2022, according to a filing with the U.S. Securities and Exchange Commission (SEC).

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Schlumberger reports higher profit as drilling activity increases

Schlumberger reported a higher first-quarter profit on Friday, as rising oil prices boosted the demand for oilfield services and equipment needed to drill and raise production.

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Eni signs Congo Republic LNG deal

The deal is the latest Italian move to reduce dependence on Russian gas

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Shell in talks with Chinese firms to sell stake in Russian gas project

Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.

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Libya shutdowns cause 550k bpd output loss, NOC media office says

The blockades by groups in southern and eastern Libya citing political demands have caused NOC to declare force majeure

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Argentina extends Total, Wintershall offshore oil and gas concession until 2041

The extension for exploring conventional oil and gas in the 1,900 square kilometers (733.59 square miles) offshore area

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Eni lifts force majeure on Nigerian Okaka gas exports

Italian energy group Eni (ENI.MI) said on Friday it had lifted a force majeure on gas exports from Nigerian Okaka in Bayelsa state after repairing a vandalised pipeline.

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