International

Sonatrach and Total Renew LNG Agreement

Sonatrach, Algeria’s state oil and gas concern, and the French energy major Total have concluded an agreement to renew their partnership in the field of liquefied natural gas (LNG) for an additional three year, Sonatrach announced in a statement on Thursday.

ExxonMobil Readies To Make Major Job Cuts

The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told BNN Bloomberg.

OMV looks to expand Black Sea upstream activity with Georgia entry

OMV Petrom plans to become more active in the Black Sea where it has already made the major Neptun gas discovery offshore Romanian with ExxonMobil through an exploration campaign offshore Georgia.

Total and Algeria’s Sonatrach extend LNG partnership

Total and Algeria’s national oil company Sonatrach have signed an agreement to renew their LNG partnership.

Malaysian energy giant board at odds with PM over payment to Sarawak state

The board and management of Malaysian national energy giant Petronas have urged the prime minister to drop a planned tax settlement with a state that is run by his political allies, three sources close to the company said.

Oil prices advance on growing fuel demand, even as U.S. coronavirus cases jump

Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U.S. crude production.

Oil and Gas Stock Roundup: Schlumberger Cuts Cost, Continental Output Plans

It was a week where oil prices climbed sharply, while natural gas finished lower.

CNOOC TO RECEIVE CHINESE MAINLAND’S FIRST CARBON NEUTRAL LNG CARGOES FROM SHELL

CNOOC Gas & Power Group Co., Ltd. (CNOOC), a wholly owned subsidiary of China National Offshore Oil Corporation, has signed an agreement with Shell Eastern Trading (Pte) Limited for delivery of two cargos of the first carbon neutral* liquefied natural gas (LNG) to Chinese Mainland. The cargoes will provide enough carbon neutral energy to power nearly 300,000 homes for a full year.