TotalEnergies (TTE) and Egyptian Natural Gas Holding have signed a memorandum of understanding on exploration activities in the north-western offshore of Egypt, the companies said Wednesday.
The memorandum sets a framework for technical cooperation, including preliminary exploration and subsurface evaluation activities.
BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported Wednesday, citing a statement from the union.The United Steelworkers alleged the energy firm is intentionally slowing down the bargaining process, after the union attempted to initiate new talks last week but was informed the corporation would be unavailable to meet for roughly 14 days, the news outlet reported.BP and the United Steelworkers 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.)
BP (BP) entered a production sharing agreement for six blocks in Uzbekistan's North Ustyurt region, marking the company's first project in the country, the company said Tuesday.Under the agreement, BP acquired a 40% stake in the PSA from existing partners SOCAR and Uzbekneftegaz, which will each retain 30%, with SOCAR remaining the operator, the company said.The PSA covers the Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy blocks and is currently in its initial phase, with SOCAR carrying out seismic activities, it added.
Deutsche Lufthansa (LHA.F) unit Swiss International Air Lines, d/b/a Swiss, partnered with Metafuels to boost the development of sustainable aviation fuel solutions.The Swiss flag carrier said Wednesday its partnership with the aviation technology company could help the airline secure long-term access to synthetic fuels.