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.
In our previous edition
Oil & Gas Decoded
3R Petroleum agrees to merge with Enauta in $1.2bn deal
20 May 2024
Oil & Gas Decoded
WM weighing sale of $3bn renewable natural gas unit
17 May 2024
Oil & Gas Decoded
IEA cuts 2024 oil demand growth forecast
16 May 2024
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