Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.
Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices.
Kinder Morgan beat Wall Street expectations for fourth-quarter profit, as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel with demand rising.
What's new in products and services from Saint-Gobain, NDT Global, Vermeer, Netzsch, Ralston, and Brooks.
Texas LNG Brownsville and Enbridge have executed a pipeline transportation precedent agreement for the expansion of the Valley Crossing Pipeline.
Although Pemex has yet to present a development plan for the Zama oil field, exploration company Talos Energy recently said its value, regardless of operator and equity splits, will be in “multiples of invested capital to date.”
Clearfork Midstream announced it has secured a $400 million commitment from EnCap Flatrock Midstream and will acquire Azure Midstream Energy.
Two members of former Kazakh president Nursultan Nazarbayev's extended family have resigned from the leadership of state oil and gas shipping companies.
A group of institutional investors that took a stake in Saudi Aramco's oil pipelines network sold $2.5 billion in dual-tranche amortizing bonds, significantly below the amount sought.
An Illinois appellate court vacated approval from the Illinois Commerce Commission to allow expanding the Dakota Access pipeline capacity up to 1.1 million barrels per day.
Harvest Midstream announced the signing of a purchase and sale agreement to acquire the remaining interest in Arrowhead ST Holdings, LLC from its joint venture partner.
UGI Corporation announced that its subsidiary, UGI Energy Services, agreed to acquire Stonehenge Appalachia for approximately $190 million.
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos for his role in a corruption scandal.
Pipeline operator Enterprise Products Partners said on Monday it would buy Warburg Pincus-owned Navitas Midstream for $3.25 billion in cash.
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