Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company's head of global gas.
Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month from July levels, a sign Moscow is making good on its pledge for fresh supply cuts in tandem with OPEC leader Saudi Arabia, two sources said on Friday, citing export plans.
Italy hopes it can avoid a repeat of windfall levies that energy groups had to pay on their 2021 and 2022 profits to fund measures aimed at shielding customers from costly electricity and gas bills, the energy minister said on Friday.
Owners of floating offshore oil drilling rigs on Wednesday began a final round of wage talks with three Norwegian labour unions in a bid to prevent the outbreak of strike action that could disrupt exploration, but not production, negotiators said.
Russia plans to export 0.5% less oil per day via the Transneft pipeline system in the third quarter than in the previous three months, according to industry sources and Reuters calculations, due to voluntary crude output cuts and higher refinery runs.