China's Sinopec and its subsidiary Addax Petroleum UK Limited have served an arbitration notice to Talisman Energy Inc and Talisman Colombia, both owned by Spanish oil major Repsol, demanding pay back of its 2012 investment in Addax and Talisman joint venture TSEUK, Repsol said in a statement on Friday.
The total value of the demand is around $5.5 billion, Repsol said.
Reporting By Sonya Dowsett
Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president.
Malaysian palm oil futures were sideways Monday as they followed rival vegetable oils while the market awaited data from…
Three sources within the producer group said on Sunday that OPEC+ had agreed to postpone by one month the planned increase…
Mitsubishi, a Japanese trading company, expects to see its LNG production capacity grow by over 17 million tonnes per year in the early 2030s.
Vladimir Vladimirov, the local governor of Stavropol in southern Russia, said that a drone had crashed on an oil storage depot.
Meyer Burger, a Swiss solar panel manufacturer, said that it had entered into advanced negotiations on Thursday with a group…
The major U.S. indexes ended lower on Thursday, after Microsoft and Meta Platforms pointed out that artificial intelligence…
Xcel Energy announced a higher third-quarter profit Thursday. This was due to a greater demand for electricity among industrial…
Climate Investment Funds, a multilateral lender, has announced that it will provide an initial investment of $1 billion to…
Patrick Pouyanne, CEO of TotalEnergies, told analysts that the French oil giant's stakes in Russian gas company Novatek and…
ConocoPhillips surpassed Wall Street's estimates for the third quarter profit on Thursday, as the Texas oil and gas company…
J-Power, a subsidiary of Japan's Electric Power Development, announced on Thursday that it had decided to sell its 50 percent…
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.