Oil & Gas Kuwait in talks to buy stake in Woodside’s Louisiana LNG Australian petroleum company Woodside Energy Group is in negotiations with Kuwait Foreign Petroleum Exploration (Kufpec) to sell a stake in its Louisiana liquefied natural gas (LNG) project. Kufpec, state-owned Kuwait Petroleum’s overseas unit, is considering both acquiring equity and securing LNG supply from the US facility, Bloomberg reported, citing people familiar with the matter. The […] April 30, 2025
Adnoc to raise $1.5bn with Islamic bonds Abu Dhabi state oil giant Adnoc will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on Monday. Abu Dhabi National Oil Company, acting through its primary debt capital markets entity Adnoc Murban, is selling the sukuk at 60 basis points over US Treasuries, the […] April 29, 2025
Oil & Gas Morocco invites bids to build its first LNG plant Morocco has invited companies to bid to build the country’s first liquefied natural gas (LNG) terminal as it seeks to diversify its sources of fuel, Morocco World News reported. A gas pipeline will also be built to link the terminal at Nador West Med Port on Morocco’s Mediterranean coast to the Maghreb Europe Gas Pipeline, […] April 25, 2025
Oil & Gas Opec+ to consider further oil output increase for June Several Opec+ members are to suggest the group accelerates oil output hikes in June for a second consecutive month, as a dispute worsens between members over compliance with production quotas. Oil prices hit a four-year low in April, dragged down by a US-China trade war and an unexpected decision by Opec+ to increase output by 411,000 barrels per day […] April 24, 2025
Oil & Gas Morocco and Nigeria agree terms for $25bn gas pipeline Morocco and Nigeria have agreed to create a joint venture to manage a long-planned $25 billion pipeline which will ship gas to Europe, a Moroccan minister has said. Leila Benali, minister of energy transition and sustainable development, told Morocco’s parliament that a floating gas storage terminal would also be installed at Nador on the Mediterranean […] April 24, 2025
Opinion Oil & Gas Oil markets are vulnerable to Trump’s turbulence The only factor the sector is certain about is that uncertainty will continue April 23, 2025
