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SHELL CUTS GAS OUTPUT FORECAST AMID CYCLONES AND MAINTENANCE ISSUES.
Shell has cut its first-quarter gas and LNG production forecasts due to unplanned maintenance and severe weather disruptions in Australia. Despite the challenges, the company remains focused on expanding its oil and gas operations while aiming to boost shareholder returns.
- 1 year, 4 months
PAKISTAN AND TÜRKİYE SIGN OFFSHORE OIL AND GAS EXPLORATION PACT.
Pakistan and Türkiye have signed a joint bidding agreement to explore 40 offshore oil and gas blocks in Pakistan. The deal aims to attract foreign investment and strengthen energy cooperation between the two countries.
- 1 year, 4 months
SHELL COMPLETES ACQUISITION OF PAVILION ENERGY.
Shell has completed the acquisition of Pavilion Energy, integrating its LNG supply contracts, regasification capacity, and bunkering operations into Shell’s portfolio. This move strengthens Shell’s position in the LNG market and supports its strategy to grow LNG sales by 4-5% annually through 2030.
- 1 year, 4 months
EACOP SECURES FIRST TRANCHE OF FINANCING FOR UGANDA-TANZANIA PIPELINE.
EACOP Ltd. has secured the first tranche of financing for the Uganda-Tanzania pipeline from regional financial institutions, including Afreximbank and Standard Bank, reinforcing local support despite initial Western withdrawals. The project, now over 50% complete, is expected to transport 246,000 barrels of crude oil per day while generating jobs, investing in local economies, and adhering to international environmental standards.
- 1 year, 4 months
INDIA CONSIDERS REMOVING TAX ON U.S. LNG TO HIKE IMPORTS.
India is considering the possibility of removing its import tax on American liquefied natural gas (LNG) to increase its purchases of U.S. LNG and reduce its trade surplus with the United States.
- 1 year, 4 months
GAS FIELD GETS GREEN LIGHT TO PRODUCE 62,000 BARRELS PER DAY OF OIL EQUIVALENT.
BP has given the final approval to develop the Ginger gas field in Trinidad and Tobago, a significant project expected to produce 62,000 barrels of oil equivalent per day at its peak.
- 1 year, 4 months
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