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Oil & Gas DECODED

Latest edition: 21 May 2024
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Spotlight

Oil market faces uncertainties after Iranian president's death

Although oil prices rose following the news of President Ebrahim Raisi’s death, GlobalData does not expect a long-term impact on oil markets.

Latest news

APA announces sale of non-core assets worth $700m

The deals involve the divestment of assets in the Midland Basin and East Texas by its unit Apache and certain subsidiaries.

Kenya negotiating with Saudi Aramco for floating LPG facility

The interim liquefied petroleum gas (LPG) facility is set to strengthen the gas supply chain as Kenya commences the construction of a permanent LPG plant.

Phillips 66 to acquire Pinnacle Midstream in $550m deal

Pinnacle's assets include the Dos Picos natural gas system, which features a 220 million cubic feet per day (mcf/d) processing plant and a 128.74km gathering pipeline.

Houthis attack oil tanker heading towards China through Red Sea

US Central Command (Centcom) said the Iran-backed rebel group attacked a Panamanian-flagged oil tanker off the Red Sea coast with an anti-ship missile on Saturday.

Chesapeake Energy initiates lay-offs following oil assets divestiture

The lay-offs are not related to the company's pending multibillion dollar merger with Southwestern Energy.

Serica secures approval for Belinda field development offshore UK

British oil and gas exploration and production company Serica Energy has secured final approval from the UK North Sea Transition Authority (NSTA) for the development of the Belinda field in the UK Central North Sea.

The state of cybersecurity: AI and geopolitics mean a bigger threat than ever

Cybersecurity threats to businesses are not only more numerous than ever but are now becoming more sophisticated through the use of artificial intelligence (AI) by perpetrators and more dangerous in their use for geopolitical aims.

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