Norwegian LNG carrier owner Flex LNG reported higher revenues and net income in the second quarter due to high spot earnings from two vessels, while the company expects the freight market to remain volatile for the remainder of this year.
UK-based energy giant BP, Adnoc's international investment unit XRG, and a unit of Qatar's UCC have secured a license to explore and develop the second phase of Venezuela's offshore Loran gas field.
UK-based energy giant BP has agreed to acquire Woodside’s 70 percent interest in the Calypso gas project in Trinidad and Tobago, increasing its stake to 100 percent and assuming operatorship.