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Latest news about Oil and gas Industries-04.04.25
On March 31, 2025 The Trump administration revoked permits and waivers allowing Western energy firms, including Global Oil Terminals, Spain’s Repsol, and France’s Maurel et Prom, to operate in Venezuela. This move further isolates Venezuelan President Nicolás Maduro from global oil markets. Affected companies must wind down operations by May 27, while Global Oil Terminals, led by Harry Sargeant III, must cease financial transactions with PDVSA by ... Read More
Latest news about Oil and gas Industries-28.03.25
On March 24, 2025 Shell CEO Wael Sawan is nearing the end of a two-year restructuring effort focused on cost-cutting, operational reliability, and divesting underperforming assets. Analysts and investors are keen to hear updates on Shell’s growth plans, particularly in its liquefied natural gas (LNG) business, where it remains the global leader, as well as reassurances about its long-term oil reserves. With LNG demand projected to rise 60% by 2040, attention w... Read More
Latest news about Oil and gas Industries-21.03.25
On March 17, 2025 Cheniere Energy has achieved substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) on March 16, 2025, with commissioning finalized and Bechtel Energy handing over operations to Cheniere. This milestone, completed ahead of schedule and on budget, marks a significant step in expanding Cheniere’s LNG production. CCL Stage 3, consisting of seven midscale trains, is expected to produce over 10 million t... Read More
Latest news about Oil and gas Industries-14.03.25
On March 10, 2025 Whitecap Resources and Veren announced a strategic all-share merger valued at approximately $15 billion CAD ($10.4 billion USD), creating a leading light oil and condensate producer with a dominant position in the Alberta Montney and Duvernay regions. The combined company will be the largest landholder in the Alberta Montney and the second largest in the Montney and Duvernay fairways, with 1.5 million acres and over 4,800 development locations. It ... Read More
Latest news about Oil and gas Industries-07.03.25
On March 3, 2025 VAALCO Energy acquired a 70% working interest and 100% paying interest in the CI-705 block offshore Côte d’Ivoire, becoming the operator through a commercial carry arrangement with partners Ivory Coast Exploration Oil & Gas SAS and PETROCI. Located in the Tano Basin, the block spans approximately 2,300 km² and is situated near Vaalco’s CI-40 Block, home to the Baobab and Kossipo oil fields, and ENI’s Calao discovery.... Read More