China National Offshore Oil Corporation (CNOOC) has reported a significant gas discovery in the South China Sea, as revealed in a press release obtained by the Washington-based Specialized Energy Platform.
The future of the third-largest oil field in the North Sea has been cast into uncertainty following an announcement by operators of a year-long production delay attributed to local elections in the United Kingdom.
Russian Deputy Prime Minister Alexander Novak affirmed that Russia maintained its reduction in oil production throughout May in line with the OPEC+ agreements, underscoring the ongoing dedication of OPEC+ producers to stabilize the oil market.
France's Total Energy has unveiled new global liquefied natural gas (LNG) deals with two companies, one in India and one in South Korea, enhancing its portfolio and supporting energy transition efforts.
Mozambique's significant gas reserves have garnered attention from leading global oil and energy companies, setting the stage for the country to emerge as a major player in energy markets as many nations seek new energy sources.
Saudi Aramco has completed the acquisition of a 40 percent stake in Pakistan's largest fuel retailer, bolstering its presence in the Asian markets.