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.
In our previous edition
Oil & Gas Decoded
Oil and gas firms turning to digital twins for generating actionable insights
09 May 2024
Oil & Gas Decoded
Aramco Q1 net income slumps more than 14% to $27.27bn
08 May 2024
Oil & Gas Decoded
New report accuses fossil fuel companies of greenwashing, but profits are up
07 May 2024
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