article thumbnail

EU to require EU firms to disclose details of Russian gas contracts

Oil & Gas 360º

(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. By Charles Kennedy for Oilprice.com

Gas 130
article thumbnail

bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

The document outlines a framework for how the energy companies might work together and assess a range of technical data. Separately, a Shell spokesman confirmed the company has signed a MOU with NOC “to study potential opportunities in the country’s oil and gas sector.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cheniere seeks expansion of Sabine Pass plant with US regulators

BOE Report

Cheniere Energy, the largest liquefied natural gas exporter in the U.S., has applied to the Federal Energy Regulatory Commission for permission to expand its Sabine Pass plant, according to a FERC document.

article thumbnail

Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas. Register to attend.

Basin 130
article thumbnail

Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. That would be an over 15% hike from almost 700,000 bpd in 2023, according to data and documents viewed by Reuters. In June, crude and fuel exports were 844,000 bpd, and were directed to China, according to shipping data and documents.

Oil 130
article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

Let’s take a closer look at this remarkable chapter in global industrial history and the foundational role it played in shaping the modern oil and gas industry. A Beacon for the Oil and Gas Industry Today, the Bibi Heybat oil field continues to produce oil and stands as a proud monument to the origins of the global energy sector.

Oil 111
article thumbnail

When $180 Million Rides on an Expert's Supplementation Decision

Producer's Edge

the Eastland Court of Appeals addressed a critical issue in complex oil and gas litigation: what happens when a party's damages expert relies on contractual interpretations the trial court rejects, but then the party declines opportunities to have their expert update their calculations in response. Apache Corporation , No.

Casing 52