Saturday, May 24, 2025

Pemex eyes U.S. market for Trion project’s crude, natural gas

From Reuters A pipeline network with spare capacity could allow Mexico to export oil and gas from its flagship offshore Trion project to the United States, the head of Mexico’s oil regulator said on Thursday. The deep water Trion development, with prospective reserves of almost 500 million barrels of oil, was farmed out in December by state-run Pemex to Australia’s

Engie Looks to Sell Interest in India’s Biggest LNG Importer

From Bloomberg Engie SA, France’s former natural-gas monopoly, plans to sell its entire 10 percent holding in India’s biggest importer of liquefied natural gas. Engie unit GDF International has written to the four Indian state companies that together own half of Petronet LNG Ltd. to offer shares in proportion to their holding, Petronet said Thursday in a filing. Engie, which

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

Shell exits upstream oil sands operations, but keeps its refineries Royal Dutch Shell (ticker: RDSA) announced Thursday the signing of two agreements that will see all of the company’s in-situ and undeveloped oil sands interest in Canada old and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%, according to a press release put out