News in Numbers

The Alaska Gasline Development Corporation has signed a deal with Glenfarne Group to advance the development of the $44bn Alaska LNG Project.

BP is set to cut 8,000 jobs globally, as net zero rules and tougher economic conditions put the oil and gas producer and seller under pressure.

Norway has awarded stakes in 53 offshore oil and gas exploration licences to 20 companies in the annual predefined area 2024 licensing round.

Iran is seeking to reclaim approximately 25 million barrels of its oil, valued at $1.75bn, which have been held in two Chinese ports for six years.

Russia could supply 55 billion cubic metres (bcm) of gas to Iran each year, as it seeks new markets following a decline in exports to Europe.