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A service for energy industry professionals · Saturday, May 31, 2025 · 817,898,907 Articles · 3+ Million Readers
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  • Published on May 30, 2025

    Austrian OMV sold 5% in Ghasha concession to LUKOIL for $594 million

    AK&M 30 May 2025 19:05 The Austrian oil and gas company OMV AG has sold a stake in a concession for natural gas production on the UAE continental shelf to Lukoil Gulf Upstream L.L.C. S.P.C. This is reported in a press release from OMV. As part of the …

    Source: AK&M - Pending
  • Published on May 30, 2025

    OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

    May 30, 2025 (Credit: ADNOC) Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE). OMV has agreed the sale of …

    Source: Offshore Engineer News - Neutral
  • Published on May 30, 2025

    Lukoil boosts its share in huge offshore sour gas project as OMV exits

    Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE). Hail and Ghasha mega gas …

    Source: Offshore Energy - Neutral
  • Published on May 28, 2025

    Iraq’s exports $2.7B in oil to Italy in 2024

    2025-05-28T18:52:07+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq delivered $2.68B in oil shipments to Italy in 2024, maintaining its role as a key energy supplier to the European market, official trade data showed. The exports included 4.32 …

    Source: Shafaq News - Indeterminate
  • Published on May 30, 2025

    OMV sells its 5% stake in Ghasha project in UAE to Lukoil for $594 mln — company

    MOSCOW, May 30. /TASS/. OMV sold its 5% stake in the Ghasha oil and gas project in Abu Dhabi to Russian oil major Lukoil for $594 mln, the Austrian company said in a statement. "OMV signed and closed an agreement to transfer its 5% stake in …

    Source: TASS - Gov't Propaganda
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  • Published on May 31, 2025 - 15:00 GMT

    Direct Energy Regulated Services Announces Natural Gas Rates for June 2025

    CALGARY, Alberta, May 31, 2025 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services has announced default natural gas rates for June 2025. These rates will apply to customers who do not currently have a competitive supplier within the ATCO Gas North and …

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  • Published on May 31, 2025 - 09:26 GMT

    Energy Deal Aims to Revitalize Syria’s Power Supply

    (MENAFN) A consortium of Turkish, Qatari, and American firms has finalized a USD7 billion energy partnership expected to greatly enhance Syria’s power generation and elevate the quality of life for millions, according to Syrian Energy Minister Mohammed al- …

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