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Oil & Gas DECODED

Latest edition: 23 May 2024
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Spotlight

OMV warns Gazprom may suspend gas supply to Austria

Austrian oil and gas company OMV has announced the potential suspension of its gas supply from Gazprom, linked to a foreign court's decision.

Latest news

BP suspends talks with Venezuela on gas field development project

The Manakin-Cocuina field is estimated to hold more than one trillion cubic feet (tcf) of reserves.

Equinor finds oil at Svalin field offshore Norway

The licence partners are now assessing the discovery's profitability before committing to production.

ADNOC plans to divest additional stake in drilling unit

The shares, equating to around 5.5% of ADNOC Drilling, will be offered to professional institutional investors.

Kinder Morgan acquires oil and gas assets in Texas from Avad Energy

The $100m transaction encompasses around 265 wells.

Saudi Crown Prince reassures Japan that oil supply will remain stable

Saudi Arabia’s Crown Prince Mohammed bin Salman assured Japan’s Prime Minister Fumio Kishida during a video conference on Tuesday that stable oil supplies to Japan will be maintained, the Japanese foreign minister said in a press release.

ADNOC to acquire 10% stake in Mozambique LNG project from Galp

Abu Dhabi National Oil Company (ADNOC) has signed an agreement to acquire a 10% equity stake in the Area 4 concession in Mozambique's Rovuma basin from Galp.

Could the global cost of climate change really be six times worse than thought?

A paper by the National Bureau of Economic Research suggests that each degree of global heating could reduce global GDP by 12%.

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