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TRUMP DEMANDS EU BUY MORE US OIL AND GAS OR FACE TARIFFS.
President-elect Donald Trump has demanded that the EU purchase more US oil and LNG to address trade imbalances, threatening tariffs if his demands are not met. While the EU explores replacing Russian gas with US imports, officials are prepared to counter any trade aggression with strengthened measures to protect the bloc’s interests.
- 1 year, 10 months
SHELL TRADED NIGERIA EXIT FOR FRESH OIL INVESTMENT.
Shell secured the Nigerian government’s approval for a $2.4 billion asset sale to Renaissance Group by committing to a $5 billion investment in the Bonga North deepwater oil project, expected to produce 110,000 barrels per day by the decade’s end. The government prioritized this investment to ensure Shell's continued presence in Nigeria’s oil sector amid efforts to boost production and revenue.
- 1 year, 10 months
ORCA ENERGY GROUP INC. ANNOUNCES AN OPERATIONAL UPDATE ON SS-7.
Orca Energy Group has completed its well intervention operations on the SS-7 well, which resulted in limited and Un sustained gas flows, leading to the cessation of operations and an increased project cost of $27 million. The company continues to face ongoing disputes overcompensation for gas supplied to Tanzania after the cessation of Protected Gas production on July 31, 2024.
- 1 year, 10 months
EQUINOR DISCOVERS OIL AND GAS NEAR TROLL FIELD IN THE NORTH SEA.
Equinor has discovered oil and gas near the Troll field in the North Sea, with the Ringand discovery estimated to contain between 2 and 12 million barrels of oil equivalent. The company plans further exploration in the area, which is close to existing infrastructure, to maximize resource utilization and support Norway’s oil and gas production.
- 1 year, 10 months
TOTALENERGIES AND OQAE SIGN AGREEMENTS TO DEVELOP 300 MW OF RENEWABLE PROJECTS.
TotalEnergies and OQ Alternative Energy have signed agreements to develop 300 MW of renewable energy projects in Oman, including solar and wind farms, which will provide long-term renewable electricity to Petroleum Development Oman (PDO). These projects align with Oman’s Vision 2040 and support PDO’s decarbonization goals, contributing to the country’s energy transition.
- 1 year, 10 months
THE UNITED STATES IS BUYING RUSSIAN LIQUEFIED NATURAL GAS FROM INDIA AND SELLING IT TO EUROPE AT INFLATED PRICES.
The United States is buying Russian gas from India and reselling it to Europe at higher prices, capitalizing on market dynamics amid ongoing geopolitical tensions. Europeans are aware of the source, but the gas is marketed as "democratic gas of freedom," having undergone a process of purification, despite the inflated costs.
- 1 year, 10 months
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