Business and Finance

  • Woodside reports successful reserves update as a result of merger with BHP

    18 Sep, 2024

    Woodside secures long-term LNG supply agreement with Japan’s JERA

    Woodside Energy Group Ltd has announced the signing of a significant long-term liquefied natural gas (LNG) supply agreement with JERA, Japan's largest utility company. The deal marks a major milestone in str... more

  • Woodside reports successful reserves update as a result of merger with BHP

    05 Sep, 2024

    Woodside Energy reports strong half-year results amid strategic acquisitions

    Woodside Energy Group has released its financial results for the half-year ended June 30, 2024, showcasing robust performance and strategic growth initiatives. The Australian energy giant reported a net prof... more

  • Woodside reports successful reserves update as a result of merger with BHP

    16 Aug, 2024

    Woodside Energy to release 2024 Half-Year results on August 27

    Woodside Energy will release its 2024 Half-Year results on Tuesday, August 27, 2024, and has provided line-item guidance for several key financial metrics ahead of the results presentation. Woodside has outl... more

  • TotalEnergies divests West of Shetland assets to Prax Group

    08 Aug, 2024

    TotalEnergies to divest stake in Total PARCO Pakistan to Gunvor Group

    TotalEnergies, a major player in the global energy sector, has announced its decision to sell its 50 per cent stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. This move aligns with TotalEnergies... more

  • Woodside secures long-term LNG supply agreement with Japan’s JERA
    18 Sep, 2024
  • Woodside Energy reports strong half-year results amid strategic acquisitions
    05 Sep, 2024
  • Woodside Energy to release 2024 Half-Year results on August 27
    16 Aug, 2024
  • TotalEnergies to divest stake in Total PARCO Pakistan to Gunvor Group
    08 Aug, 2024

TotalEnergies divests West of Shetland assets to Prax Group

28 Jun, 2024
TotalEnergies divests West of Shetland assets to Prax Group
French energy giant TotalEnergies has announced the sale of its entire interest in West of Shetland assets to The Prax Group, a private UK company. The agreement, signed on June 27, 2024, includes the transfer of several mature gas fields, onshore facilities, and exploration licences. The assets involved in the…

Mitsui & Co. acquires major unconventional gas asset in Texas

27 Jun, 2024
Mitsui & Co. acquires major unconventional gas asset in Texas
Japanese trading giant Mitsui & Co., Ltd. has completed the acquisition of a significant unconventional gas asset in Texas, USA, through its U.S.-based subsidiary Mitsui E&P USA LLC (MEPUSA). The asset, named Tatonka, was purchased from U.S. Oil & Gas E&P companies Sabana, LLC and Vanna, LLC. Spanning approximately 46,500…

TotalEnergies expands LNG footprint in Asia with new contracts

14 Jun, 2024
TotalEnergies increases interests in offshore blocks
TotalEnergies has strengthened its position in the Asian market by securing two new medium- and long-term LNG supply agreements. In line with its strategy to grow its LNG business, the French energy major announced the signing of a sales and purchase agreement (SPA) with the Indian Oil Corporation (IOCL). Under…

Woodside appoints Tony O’Neill to Board of Directors

04 Jun, 2024
Woodside reports successful reserves update as a result of merger with BHP
Woodside Petroleum Ltd has announced the appointment of Anthony (Tony) O'Neill as a non-executive Director, effective June 3, 2024. Mr O'Neill brings extensive experience in the global mining industry, with a strong focus on sustainability, decarbonisation, and operational excellence. His appointment reinforces Woodside's commitment to strategic growth and responsible energy…

Equinor ASA and Petoro AS enter asset swap in Haltenbanken area

29 May, 2024
Equinor ASA and Petoro AS enter value-neutral asset swap in Haltenbanken area
In a strategic move aimed at optimising resource management and driving higher value creation, Equinor ASA and Petoro AS have entered into a value-neutral asset swap agreement in the Haltenbanken area of the Norwegian Sea. This agreement is designed to harmonise and equalise their ownership interests across several oil and…

ADNOC acquires stake in massive Mozambique LNG project

24 May, 2024
ADNOC
The Abu Dhabi National Oil Company (ADNOC) has announced a major international expansion, acquiring a 10 per cent interest in the massive Area 4 concession in Mozambique's Rovuma basin from Galp Energia. The deal marks ADNOC's entry into the East African nation and gives it a share of the liquefied…

TotalEnergies sells its non-operated interest in block 14 in Angola

24 Jan, 2022
TotalEnergies signs agreements for development of Iraq's natural resources
TotalEnergies has signed an agreement together with Inpex to sell the company Angola Block 14 B.V. to the Angolan company Somoil, with the transaction subject to the approval of Angolan authorities. Angola Block 14 B.V. is owned by TotalEnergies Holdings International BV (50.01 per cent) and Inpex Angola Block 14…