Saturday, February 22, 2025
Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets - Oil and Gas 360

Exclusive: Exxon agrees $4 billion sale of Norway oil and gas assets – sources

From Reuters Exxon Mobil (XOM.N) has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the matter told Reuters on Thursday. U.S. oil major Exxon said in June it was looking to sell its Norwegian upstream

UPDATE 1-Rosatom wins licence to build second nuclear reactor in Turkey - Oil and Gas 360

UPDATE 1-Rosatom wins licence to build second nuclear reactor in Turkey

From Reuters Russia’s Rosatom has won a licence to start building the second of four planned nuclear reactors in Turkey and is preparing to install the first steel equipment on the first unit this autumn, Deputy CEO Kirill Komarov said on Friday. The $20 billion project to build four Russian-design reactors in Akkuyu on the Mediterranean is one of the

Venezuela’s oil woes deepen as Chinese contractor halts work - Oil and Gas 360

Venezuela’s oil woes deepen as Chinese contractor halts work

From The Houston Chronicle A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. China Huanqiu Contracting and Engineering Corporation, an affiliate of government-run China National Petroleum Corp., notified the Sinovensa joint venture it has suspended work to

Exclusive: Libyan state oil firm cuts back fuel supplies to east amid battle over capital - Oil and Gas 360

Exclusive: Libyan state oil firm cuts back fuel supplies to east amid battle over capital

From Reuters Libya’s state oil firm has restricted kerosene supplies to areas controlled by eastern commander Khalifa Haftar in what diplomats and oil officials said was an attempt to prevent his troops using them in their five-month-old battle to take the capital. The company said it took no side in the conflict and there was more than enough fuel in