Shell to divest US Gulf of Mexico oil and gas assets to raise $1.5bn
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.
Source: offshore-technology.com
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Trafigura divests stake in Russia's Vostok Oil
Trafigura has offloaded its 10% stake in Russia’s Vostok Oil to Hong Kong-based independent trader Nord Axis, for an undisclosed sum.
Source: offshore-technology.com
Oil and gas industry contracts in Middle East down a decrease in May 2022
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.
Source: offshore-technology.com
Oil and gas industry contracts in Asia-Pacific down a decrease in May 2022
The oil and gas industry contracts activity decreased in Asia-Pacific in May 2022, with countries China,India and South Korea at the forefront.
Source: offshore-technology.com
Ukraine conflict highlights the issue of energy dependency
Russia’s invasion of Ukraine has opened the world's eyes to energy dependency as a geopolitical weapon, with energy markets now in crisis.
Source: offshore-technology.com