Industry News

Hafnia consummated the purchase of nearly 14 percent of TORM from Oaktree Capital for $311.43 million.

'The licensees will assess the discovery with a view toward a potential production well from the same location, with production over Tyrihans to the Kristin installation'.

Last month's gas production exceeded the Norwegian upstream regulator's forecast by 2.1 percent and rose 7.3 percent from October, according to official preliminary monthly production figures.

Global green bond and loan issuance has reached a record $947 billion so far this year, according to data compiled by Bloomberg Intelligence.

About 22 GW were installed last month, according to the National Energy Administration.

The government is extending an emergency trucking waiver in the Northeast as winter weather and a power outage at a major industrial plant tighten propane supplies.

Ukraine said its drones struck the largest Russian gas processing plant in the Orenburg region.

The Spanish utility signed an agreement to buy Victoria's Ararat Wind Farm, operational since 2017 with a 242-MW capacity, from Partners Group and OPTrust.

'This strategic acquisition marks a pivotal moment for Central Petroleum, shifting us from a single-basin producer focused on the Northern Territory market to a dynamic, multi-basin E&P company'.

'This strategic partnership enhances the industrial potential and the value of the portfolio projects, reinforces Eni's ambition to be a leading global player in the CCS sector and paves the way for future growth opportunities'.

Malaysia's state-owned Petronas signed a 'long-term' deal to supply China National Offshore Oil Corp one million tonnes per annum of LNG.

Russia's largest shipping company received the first domestically built ice-class tanker to expand the fleet of ships hauling super-chilled gas from the blacklisted Arctic LNG 2 project year-round.

Oil prices were little changed in thin Christmas Eve trading as geopolitical risks offset oversupply fears.

The partners closed the initial open season for the proposed refined products pipeline from Texas to Arizona and scheduled another open season next month.

The move follows last week's determination by the regulator that portions of the key oil conduit, the Las Flores Pipeline System, is under the domain of the federal government and not California.

India's Reliance resumed purchases of discounted Russian crude, sourcing barrels from non-sanctioned suppliers and routing them to its refinery in Gujarat, according to people with knowledge of the matter.

The in-default British energy engineering company continues to explore options for its other assets following a failed financial restructuring.

'This achievement challenges the conventional understanding that slope areas merely serve as pathways for hydrocarbons rather than sites for substantial accumulation'.

Castrol would become a joint venture under which BP retains 35 percent.

'Enhanced fiscal terms, simplified cost recovery and clearer profit sharing are already attracting serious interest from supermajors and national oil companies'.