International

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.

ENOC Group records increase in storage demand globally

ENOC Group, the wholly-owned Dubai government entity, has reported a significant surge in the demand of storage capacity across its terminals in the UAE, Saudi Arabia, Singapore, Morocco and Djibouti.

Energean Announces the Completion of a Key Milestone in the Karish and Tanin Development Project

Energean plc (LSE: ENOG, TASE: ,)אנאגthe oil and gas producer focused on the Mediterranean, is pleased to announce the completion of a key milestone in the Karish and Tanin Development project, offshore Israel.

Saudi Arabia and Kuwait working to restart Neutral Zone Wafra field

Saudi Arabia and Kuwait are "working very hard" to reopen the onshore Wafra oil field in the Neutral Zone shared between both countries, a source directly involved in the project said June 21.

Total Piles Into North Sea Oil as OPEC+ Cuts and Demand Gains

Europe’s biggest oil refiner is making an unusual foray into the North Sea crude market as a recovery in the continent’s fuel demand gathers pace at a time when the number of cargoes available from nearby producer regions is increasingly becoming constrained.