Geopolitical conflict is impacting oil production, leading to a partnership development in the Umm Shaif Gas Cap involving TotalEnergies and Eni.

The entities involved

• TotalEnergies →

  French multinational energy and petroleum company

  • TotalEnergies and Mineral Resources Development Company are advancing a major LNG project in Papua New Guinea.08:10
  • TotalEnergies won an offshore wind site auction in Germany, while a minister addressed economic pressures in the sector.Wed 20:46
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • The World Bank reports on the severe economic collapse of Lebanon, noting its critical location at regional crossroads in the Middle East.18:24
  • IMF monitors Fed policy amid rising oil prices driven by Middle East conflict and political uncertainty.18:22
• Eni →

  multinational oil and gas company based in Italy

  • Eni and PDVSA signed a CPPH agreement for the Junín 5 field, granting Eni the exclusive operator role in Venezuela.03:38
  • The Ghanaian energy sector is seeing major investment inflows, including Eni's $1.5 billion investment in the Sankofa field and Jubilee Partners' $2 billion drilling project.03:17

Related events

• Oil prices are tied to geopolitical tensions in the Middle East, specifically involving Shell.Jun 10
• Iran conducts attacks in the geopolitical region, causing conflict that threatens vital oil supply lines.Sep 9
• The ongoing Middle East conflict is causing oil prices to rise, impacting pump prices in Oregon.Oct 6
• Geopolitical risk in the Middle East is affecting energy supply.Jun 23
• Conflicts in Russia and the Middle East are contributing to market pressure and affecting diesel supplies.Oct 14