Page 2 - Forensic Services For News Today

Shell is planning to divest its stakes in two oil and gas development projects located in the US Gulf of Mexico for as much as $1.5bn.

Trafigura has offloaded its 10% stake in Russia’s Vostok Oil to Hong Kong-based independent trader Nord Axis, for an undisclosed sum.

The oil and gas industry contracts activity decreased in Middle East in May 2022, with countries Qatar,Saudi Arabia and the UAE at the forefront.

The oil and gas industry contracts activity decreased in Asia-Pacific in May 2022, with countries China,India and South Korea at the forefront.

Russia’s invasion of Ukraine has opened the world's eyes to energy dependency as a geopolitical weapon, with energy markets now in crisis.

Shelf Drilling’s subsidiary Shelf Drilling (North Sea) has agreed to acquire five jack-up rigs from UK-based Noble for $375m in cash.

A year after the Colonial Pipeline attack, continuing digitalisation in the oil and gas industry means cybersecurity fortification is needed.

Capital market company EIG Global Energy Partners and Saudi Aramco have agreed to work together on future energy projects.

Shell Energy Philippines is reportedly planning to invest PHP3.5bn ($66m) to build an LNG import terminal in Batangas City, the Philippines.

ArcLight has closed a $857m deal to acquire Targa Resources’ subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX).