Business and Finance

  • BP scales back renewable energy goals, refocuses on fossil fuels

    08 Jul, 2026

    bp exits Canada’s Bay du Nord project as it streamlines portfolio

    Energy major bp has decided to sell its stake in the Bay du Nord oil project offshore Canada to Norwegian state-owned firm Equinor, as part of a strategy to simplify its global portfolio. The London-headquar... more

  • TotalEnergies resumes Mozambique LNG project after assurances

    07 Jul, 2026

    Inpex acquires TotalEnergies’ stake in Marjoram gas field for US$350m

    TotalEnergies has announced the sale of its 8.5 per cent net interest in the Marjoram gas field, located in Block 2E offshore Malaysia, to Inpex for US$350 million. The French energy company's share in the f... more

  • Shell announces strong Q1 results and $3.5b share buyback program

    06 Jul, 2026

    Shell offloads US Gulf energy assets in $2.6B divestment

    Global energy giant Shell has struck a deal to sell its minority stake in the Na Kika production platform and the Coulomb subsea tieback in the Gulf of Mexico for US$1.7 billion (AU$2.6 billion). The assets ... more

  • TotalEnergies suspends Middle East oil production

    06 Jul, 2026

    TotalEnergies divests its minority interest in Malaysian gas field to INPEX

    Global energy major TotalEnergies has agreed to sell its minority stake in the offshore Marjoram gas field in Malaysia to Japanese firm INPEX for US$350 million (AU$525 million). The deal involves the divest... more

  • bp exits Canada’s Bay du Nord project as it streamlines portfolio
    08 Jul, 2026
  • Inpex acquires TotalEnergies’ stake in Marjoram gas field for US$350m
    07 Jul, 2026
  • Shell offloads US Gulf energy assets in $2.6B divestment
    06 Jul, 2026
  • TotalEnergies divests its minority interest in Malaysian gas field to INPEX
    06 Jul, 2026

Eni and Mercuria to form a global trading JV

02 Jul, 2026
Eni named most-admired explorer in Wood Mackenzie's annual survey
Italian oil and gas major Eni and Swiss commodity group Mercuria have agreed to create a new joint venture for global energy commodity trading. The new entity, which will be equally owned by both partners, is set to operate independently via a holding structure headquartered in Geneva. The joint venture…

Woodside takes over major Gippsland Basin energy operations

02 Jul, 2026
Woodside Energy has officially taken over as operator of the Gippsland Basin assets, including the Gippsland Basin Joint Venture and the Kipper Unit Joint Venture, from Esso Australia Resources Pty Ltd, marking a significant shift for one of the country's most important domestic energy operations. The Gippsland Basin assets have…

TotalEnergies joins partners in Abu Dhabi gas concession

25 Jun, 2026
TotalEnergies suspends Middle East oil production
Energy major TotalEnergies has secured a 10 per cent stake in Abu Dhabi's Bab Gas Cap concession, strengthening its multi-decade partnership with the United Arab Emirates as the nation pushes for domestic gas self-sufficiency. The agreement places TotalEnergies alongside operator ADNOC Onshore, which retains a 60 per cent majority stake.…

ExxonMobil announces effective date for move to Texas

24 Jun, 2026
ExxonMobil earnings
Energy major ExxonMobil Corp. has confirmed its legal redomiciliation to Texas will become effective on July 1. The corporate reshuffle will see ExxonMobil Holdings Corporation emerge as the new publicly traded parent entity, replacing the decades-old Exxon Mobil Corporation of New Jersey. Shares will continue trading on the New York…

Woodside and Alcoa finalise new domestic gas agreement

23 Jun, 2026
Woodside and Alcoa finalise new domestic gas agreement
Woodside has signed a sale and purchase agreement with Alcoa of Australia (Alcoa) for the portfolio supply of 31.1 petajoules of domestic gas from Woodside's Western Australian operations, covering the period from 2027 to 2030. The agreement strengthens an already established commercial relationship between the two companies. Woodside Executive Vice…

Venture Global and EnBW enter into new LNG export supply deal

19 Jun, 2026
Venture Global seeks Plaquemines LNG expansion
US LNG producer Venture Global has further expanded into Europe’s energy market, locking in a fresh supply deal with major German LNG provider EnBW. The binding agreements will see Venture Global supply approximately 0.82 million tonnes per annum (MTPA) of American LNG to the European nation. The mid-term deal is…

Kosmos Energy completes sale of Equatorial Guinea assets to Panoro Energy

19 Jun, 2026
Kosmos Energy has finalised the sale of its offshore production assets in Equatorial Guinea to Panoro Energy for approximately US$127 million (AU$191 million). The transaction, which closed on June 16, sees Kosmos transfer its interests in Block G, encompassing the producing Ceiba Field and Okume Complex production assets. The deal features…