Post

The Metaverse: Macroeconomic trends

Gaming and social media companies are at the vanguard of metaverse development, but enterprises will lead the charge in the…

Saudi Arabia to collaborate with China on downstream projects

Saudi Arabia and China signed a Memorandum of Understanding for a possible crude oil supply arrangement.

Chevron and partners to proceed with Tamar field expansion project

Phase 1 of the project will increase the field’s natural gas production to nearly 1.6 billion cubic feet.

Russia’s Lukoil nears deal with Crossbridge for Italian refinery sale

A potential transaction between Lukoil and Crossbridge could be worth approximately $1.58bn.

Cameron LNG signs MoU with Entergy to advance renewable ESA

The MoU outlines a framework for the two firms to finalise and sign a 20-year renewable energy service agreement.

Western officials blame Turkey for delay in oil shipments

Tankers passing through Turkey now require insurance coverage evidence for accidents such as oil spills and collisions.

TotalEnergies unveils plans for carbon capture at Papua LNG project

The firm plans to pump the captured CO₂ in the gas reservoir at the Elk field, in Papua New Guinea, back into the ground.

Ineos forms JV with Sinopec for Chinese petrochemicals complex

Located in the Tianjin Province, the petrochemical project will include a 1.2 million tonnes per annum ethane cracker and 12 derivative units.

The US shale industry has largely recovered from the pandemic woes

Of late, shale oil and gas producers are primarily focusing on maximising value for their shareholders.

Sempra signs Port Arthur LNG offtake agreement with Engie in US

For 15 years, Engie will receive approximately 0.875 million tonnes per annum of LNG from the Port Arthur LNG Phase I project.

BP, Equinor, Ithaca explore electrification options for North Sea fields

The firms will focus on electrifying the Clair field, Rosebank field, and Cambo field, all located in the UK North Sea.

UK Government announces “save energy” partnership with US

The two countries have announced their partnership to improve energy security and reduce prices.

Petronas makes oil and gas discovery at Block SK306 offshore Malaysia

The Nahara-1 well encountered hydrocarbons in the Late Oligocene to Middle Miocene aged sedimentary sequences.

Equinor submits development plan for Verdande field in Norwegian Sea

Planned to be commissioned in Q4 2025, the subsea development will involve an investments of Nkr4.7bn ($478.4m).

Yinson Production signs agreement with Azule for Angolan FPSO project

The firms will undertake preliminary activities related to the FPSO unit for the Agogo Integrated West Hub development.