Deltic Energy (DELT.L) said Wednesday it received a payment of $1 million from UK-based Dana Petroleum for costs incurred by the former under the farm-out of a 25% interest in License P2437.
The AIM-listed natural resources investor will use the proceeds for its ongoing working capital requirements.
TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported Wednesday, citing an unnamed person familiar with the matter.The disagreement follows an audit that was unable to verify part of the expenses claimed by TotalEnergies and its partners because supporting documentation was lacking, the report said.According to the report, agreement on the disputed costs is required before Mozambique can approve a revised development plan for the LNG project.TotalEnergies did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Abu Dhabi National Oil Co., or Adnoc, is reported to have shipped another tanker carrying liquefied natural gas through the Strait of Hormuz to its destination listed as India.The loaded cargo ship reappeared northwest of Muscat, Oman, after stopping transmissions around May 2, Bloomberg News reported Wednesday, citing its ship-tracking data.Adnoc did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
BP's (BP.L) ousted Chairman Albert Manifold plans to challenge his termination, claiming he was removed without prior warning or explanation, Bloomberg News reported Wednesday, citing an emailed statement from Manifold."I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged," Manifold reportedly said.The British oil giant's board on Tuesday decided unanimously to terminate Manifold's employment as chair, citing concerns "related to important governance standards, oversight and conduct."BP did not immediately respond to a request for comment from.