Libya Invites Oil Majors To Produce More Oil And Gas

Given the fragile supply-demand balance in the global energy market and the toxic inflation-interest rate mix with which many developed economies have been struggling, news of additional oil and gas supplies is welcome.

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TotalEnergies to start drilling in Lebanon next year

TotalEnergies is working towards developing its new Lebanon Block 9 offshore gas project from next year.

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Netherlands to spend up to $548mln to fill gas storage for next winter

Government-owned energy company EBN will be tasked to fill Bergermeer with 1.5 to 2 billion cubic metres (bcm) of natural gas if other market participants fail to do so, and will not release the gas its has stored there this year until at least the first quarter of 2024

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Abu Dhabi grants unconventional block concession to Petronas

Abu Dhabi National Oil Company (Adnoc) and Petronas of Malaysia have signed an historic concession agreement for Abu Dhabi Unconventional Onshore Block 1.

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EU Closes In on $60 Cap for Russian Oil as Deadline Looms

European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.

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Qatar signs world’s longest gas supply deal with China

The deal "marks the longest gas supply agreement in the history of the LNG industry"

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BP extends EPC contract deal with Worley-STS joint venture in Oman

Australia-based global engineering services company Worley said that its joint venture in Oman with Special Technical Services (STS) has received a two year contract extension to provide engineering, procurement and construction (EPC) services to BP Khazzan Gas assets.

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Oman: OQ’s Bisat oilfield’s third crude processing plant begins operations

OQ, Omani government-owned integrated energy group, announces the start of operations at the third crude oil processing plant at Bisat oilfield, located in its Block 60 concession

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