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ExxonMobil to start gas drilling off Cyprus in January, VP exploration says

ExxonMobil to start gas drilling off Cyprus in January, VP exploration says NICOSIA, Nov 21 (Reuters) - ExxonMobil XOM.N will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies from Russia. The east Mediterranean has yielded some major gas discoveries in recent years, while a disruption in energy supplies from Russia after its invasion of Ukraine in 2022 has sharpened Eur
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Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says Nov 20 (Reuters) - Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad said in a report. The energy research firm indicates that investments by industry giants such as ExxonMobil XOM.N , Chevron CVX.N , BP BP.L , Shell SHEL.L , TotalEnergies TTEF.PA , and Eni ENI.MI could
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Med crude-Urals diffs unchanged, premiums for Azeri BTC oil ease

Med crude-Urals diffs unchanged, premiums for Azeri BTC oil ease MOSCOW, Nov 19 (Reuters) - Urals crude differentials to dated Brent were unchanged on Tuesday, while premiums for Azeri BTC oil eased in a deal. Urals oil loading plan for December was expected to emerge only next week, but traders said that some producers offer December-loading cargoes based on tentative loading dates.
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Eni Completes, Launches Supercomputing System HPC6

BRIEF-Eni Completes, Launches Supercomputing System HPC6 Nov 19 (Reuters) - Eni SpA ENI.MI : COMPLETES, LAUNCHES SUPERCOMPUTING SYSTEM HPC6 Further company coverage: ENI.MI (Gdansk Newsroom)
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Italy's Eni wins appeal against $5.3 million antitrust fine

Italy's Eni wins appeal against $5.3 million antitrust fine ROME, Nov 18 (Reuters) - Plenitude, the retail unit of Italian energy group Eni ENI.MI , on Monday won an appeal against a 5-million-euro ($5.3 million)fine it received last year from Italy's antitrust agency (AGCM) over billing practices. The AGCM had accused Plenitude of breaching the terms of a government decree that had temporarily banned unilateral price increases for gas and electricity, as part of efforts to mitigate price hikes
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Russian gas supply could stop to Austria before year-end

Russian gas supply could stop to Austria before year-end By Alexandra Schwarz-Goerlich and Nina Chestney VIENNA/LONDON, Nov 14 (Reuters) - Russian gas supply to oil and gas company OMV OMVV.VI in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom, the company said. Austria is one of the few European countries still dependent on Russian gas as much of the rest of the continent has reduced imports following Moscow's full-scale invasion of Ukraine i
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Trump pick Rubio could harden oil sanctions on Iran, Venezuela

Trump pick Rubio could harden oil sanctions on Iran, Venezuela Stricter targeting of Iranian oil could be tempered by China concerns Trump will need to determine if sanctions can help achieve his goals Foreign ports, refineries processing Iran exports could be targeted By Timothy Gardner and Vivian Sequera WASHINGTON/CARACAS Nov 13 (Reuters) - President-elect Donald Trump's pick of U.S.
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Cyprus mulls natgas licensing round as demands remains robust

Cyprus mulls natgas licensing round as demands remains robust By Michele Kambas NICOSIA, Nov 13 (Reuters) - Cyprus is considering a new licensing round for offshore natural gas exploration as demand remains strong despite global attempts to move away from fossil fuels, its energy minister said. Tucked in the north-eastern corner of the Mediterranean, Cyprus has reported several discoveries since 2011 containing an estimated 15-16 trillion cubic feet (tcf) of untapped natural gas - the equivalent
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Slovakia's SPP signs pilot deal for Azerbaijani gas

UPDATE 2-Slovakia's SPP signs pilot deal for Azerbaijani gas Adds details on deliveries in paragraphs 4-5 Nov 13 (Reuters) - Slovakia's main gas buyer SPP has signed a short-term pilot contract to buy natural gas from Azerbaijan and will consider a longer-term deal as it prepares for a possible halt to Russian supplies via Ukraine, it said on Wednesday.
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Big Oil's climate targets

Big Oil's climate targets Updates Repsol's entry Nov 12 (Reuters) - The world's biggest oil and gas companies have set varying targets to reduce greenhouse gas emissions from their operations and the combustion of the products they sell. On Tuesday, Shell won an appeal against a landmark 2021 ruling that required it to cut its absolute carbon emissions by 45% by 2030 compared to 2019 levels, including those caused by the use of its products.
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Med crude-Urals diffs stable, Kazakhstan's KEBCO oil trades in Platts window for first time

Med crude-Urals diffs stable, Kazakhstan's KEBCO oil trades in Platts window for first time MOSCOW, Nov 12 (Reuters) - Urals crude differentials held stable on Tuesday, while Kazakhstan's KEBCO oil cargo was sold during the afternoon trading session in the Platts window for the first time , trade sources said. KEBCO is an oil grade sourced by Kazakhstan's oil companies and exported via Russian ports of Novorossiisk and Ust-Luga.
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W. Africa Crude-West African differentials steady

W. Africa Crude-West African differentials steady LONDON, Nov 12 (Reuters) - Nigerian and Angolan crude oil differentials were stable on Tuesday, as West African grades remain broadly under pressure from lacklustre buying interest. * Buying interest in the West African December trading cycle remains weak despite an increase in refinery run rates, a trade source said.
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North Sea Crude-WTI Midland rises further

North Sea Crude-WTI Midland rises further LONDON, Nov 12 (Reuters) - U.S. WTI Midland crude values firmed again on Tuesday after a fresh trade in the Platts window, while buying interest surfaced for North Sea Brent and Ekofisk cargoes. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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Shell’s legal win flags need for new green metrics

BREAKINGVIEWS-Shell’s legal win flags need for new green metrics The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Nov 12 (Reuters Breakingviews) - Shell SHEL.L has struck a blow of sorts for Big Oil. The Dutch appeals court in the Hague has overturned a landmark 2021 ruling, which had compelled the $204 billion UK-listed group to cut its carbon emissions by 45% by 2030 compared to 2019 levels.
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Exxon to sell older Permian assets to Hilcorp in $1 billion deal, sources say

Exxon to sell older Permian assets to Hilcorp in $1 billion deal, sources say Exxon confirms sale of assets, declines to disclose buyer and valuation Hilcorp won auction for the assets with offer of around $1 billion - sources By Shariq Khan and David French NEW YORK, Nov 12 (Reuters) - Top U.S. oil producer Exxon Mobil Corp XOM.N has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources
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Big Oil's climate targets

Big Oil's climate targets Updates paragraph 2 to reflect Shell no longer being bound by Dutch court to cut Scope 3 emissions; updates BP's abandonment of goal to cut oil and gas production in chart; updates emissions graphics for oil majors to reflect 2023 data. Nov 12 (Reuters) - The world's biggest oil and gas companies have set varying targets to reduce greenhouse gas emissions from their operations and the combustion of the products they sell.
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W. Africa Crude-Angolan under pressure, but cargoes find homes

W. Africa Crude-Angolan under pressure, but cargoes find homes LONDON, Nov 11 (Reuters) - Angolan crude oil differentials remained under downward pressure on Monday although further signs emerged that the drop in values has given a boost to Chinese demand. * ENI sold a cargo of Angolan Nemba loading Dec. 16-17 at dated Brent minus $2.20 a barrel via the Platts window.
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North Sea Crude-WTI Midland firms, Ekofisk weakens

CORRECTED-North Sea Crude-WTI Midland firms, Ekofisk weakens Corrects bottom 3 bullets to Brent bid, from offer previously in Nov. 11 report LONDON, Nov 11 (Reuters) - U.S. WTI Midland crude values firmed on Monday after a trade in the Platts window, while a North Sea Ekofisk cargo changed hands below where the grade was most recently offered. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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Swiss asset manager EIP lifts stake in Eni's Plenitude to 10%

UPDATE 2-Swiss asset manager EIP lifts stake in Eni's Plenitude to 10% EIP signs up for capital increase Eni pursuing "satellite strategy" for specific businesses Deal seen as positive for Eni stock Adds analyst's comment and share reaction in paragraph 7, 8 By Francesca Landini MILAN, Nov 11 (Reuters) - Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni's ENI.MI Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than
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Swiss asset manager EIP increases stake in Eni's Plenitude to 10%

CORRECTED-Swiss asset manager EIP increases stake in Eni's Plenitude to 10% Corrects number in paragraph 1 to million from billion MILAN, Nov 11 (Reuters) - Swiss asset manager Energy Infrastructure Partners has signed an agreement to increase its stake in Eni's ENI.MI retail and renewable unit Plenitude to 10% through a capital increase of around 209 million euros, Eni said on Monday.
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