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Oil & Gas DECODED

Latest edition: 24 May 2024
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Spotlight

Equinor to invest $1.1bn in Troll gas field to boost production

The infrastructure enhancement is expected to fast-track production equivalent to approximately 55 billion standard cubic metres of gas.

Latest news

TotalEnergies plans to invest $600m in oilfield offshore Congo

The Moho Nord field, operated by TotalEnergies, accounts for around half of Congolese oil production, roughly 140,000 barrels per day (bpd).

Brazil's Petrobras reaches deal with antitrust body to retain refinery and gas assets

Brazilian state-run oil company Petrobras has reached new terms of agreement with the country's antitrust regulator to retain the oil refineries it hasn't previously sold.

Repsol receives US licence for oil and gas operations in Venezuela

Currently, the US is reviewing up to 50 licence requests for energy ventures in Venezuela following the reinstatement of oil sanctions.

Democrats urge US Department of Justice to investigate fossil fuel disinformation

A report released by US Democrats in early May revealed that companies such as Shell, bp and Exxon have dodged accountability for climate change for decades.

Sonatrach awards $2.3bn contract for gas-boosting work in Algeria

Sonatrach has also formed a partnership with ExxonMobil to evaluate opportunities for hydrocarbon resource development.

Afentra acquires interests in two offshore Angola blocks from Azule Energy

Afentra has completed the acquisition of a 12% and 16% non-operating interest in blocks 3/05 and 3/05A, respectively, offshore Angola from Azule Energy.