International

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.

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).

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.

Eni signs Congo Republic LNG deal

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

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.

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

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

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.