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Free ReadThe Abu Dhabi National Oil Company (ADNOC) will need to invest more than $40 billion in order for the United Arab Emirates to attain natural gas self-sufficiency due to the complex nature of the country’s gas resources and as the UAE also expands LNG production. The investment figure comes in…
ExxonMobil Corp., the largest US oil company and leading LNG producer as a partner of Qatar, agreed to acquire Texas-based Pioneer Natural Resources for $59.5 billion and with an enterprise value of $64.5Bln in the largest acquisition since the historic tie-up between Exxon and Mobil in 1999.
TotalEnergies, the developer of the onshore Mozambique liquefied natural gas project in southeast Africa, said it rejected a complaint filed against it in a Paris court alleging manslaughter and a failure to assist people in danger during the terrorist attacks that took place in northern Mozambique in March and April…
Kosmos Energy, the Dallas-based company developing the much-anticipated floating liquefied natural gas projects offshore Mauritania and Senegal in West Africa,has made an oil discovery in the US Gulf of Mexico.
Italian energy company Eni, a leading exploration and production player with world-scale LNG production stakes, said that the global world energy mix was still on an unbroken trend set in recent decades with fossil fuels still the preferred option by statistics.
Free ReadGasum, the Finnish state-run natural gas company and leading Nordic LNG supplier, has entered a partnership with Swedish truck manufacturer Scania for more gas-fuelled access in the region and a filling station at the Scania logistics centre. Gasum is building a new filling station offering liquefied natural gas and compressed…
Israel has suspended production at the Tamar natural gas field supplying Israel, Jordan and Egypt offshore the East Mediterranean coast and not far from the Gaza strip after the terrorist attacks against Israeli civilians over the weekend that have spread regional instability and affected natural gas prices more than crude…
The Australian regulatory and competition watchdog has waved through the A$18.7 billion (US$11.9Bln) buyout of Origin Energy by a North American consortium and with a resultant side-deal also giving Saudi Aramco access for the first time to the liquefied natural gas sector.