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Oil & Gas DECODED

Latest edition: 10 May 2024
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Spotlight

Paraguay pushes for $1.5bn gas pipeline with Argentina and Brazil

Paraguay is looking to develop a $1.5bn gas pipeline that will connect with Argentina and Brazil, with energy companies and high-ranking government officials engaging in talks on the matter.

Latest news

SNOC acquires Eni's 30% stake in oil exploration block in Ras Al Khaimah

Following the transaction, Eni will retain a 60% stake as the operator while RAK Gas will own the remaining 10% stake in block 7.

VTTI to acquire 50% stake in UK's Dragon LNG terminal

Dutch energy infrastructure company VTTI has reached an agreement to acquire a 50% stake in Dragon LNG Group (Dragon LNG) from infrastructure asset manager Ancala.

ADNOC inks long-term LNG supply deal with Germany's EnBW

Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Germany’s EnBW Energie Baden-Württemberg (EnBW) to supply LNG.

Türkiye's BOTAŞ signs ten-year LNG agreement with ExxonMobil

Bayraktar said that the details of the Exxon agreement were still being negotiated. According to pricing evaluations by data agency Argus, shipping 2.5mt of LNG to Türkiye costs approximately $1.1bn.

Kinetik to expand in Delaware Basin with Durango acquisition and new agreements

Kinetik has secured a 15-year service agreement with an existing customer to provide gas-gathering and processing services.

GeoPark signs offtake deal with Vitol for Colombia's Llanos 34 oil block

As part of the agreement, GeoPark will gain immediate access to up to $300m (1.16trn pesos) in funding from Vitol.

US Republican attorneys general sue EPA over fossil fuel power plants rule

27 Republican attorneys general and industry trade groups filed a lawsuit against the Environmental Protection Agency’s rule to cut carbon emissions from existing coal-fired power plants and new natural gas plants.