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Natural Gas

Shell to exit Nigeria's troubled onshore oil after nearly a century

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 B.

Talos Energy to acquire QuarterNorth Energy for $1.29 B

Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 -B cash and stock deal to bolster its presence in Mexico.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

Protesters in Libya threaten to shut down oil and gas facilities

Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum.

Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says

Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.

NextDecade files to allow TotalEnergies to exit LNG stake

NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.

Disruptions in Red Sea unlikely to have large effects on oil, LNG

The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.

Venezuela's PDVSA, Spain's Repsol agree to revive oil joint venture

Venezuelan state oil company PDVSA and joint venture partner Repsol signed an agreement amending the original terms of a project in the country, aiming to revive its crude and gas output.

Elon Musk says oil and gas should not be demonized

Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.

Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb

Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.