State energy group CNPC said on Monday that China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, according to it Reuters.
CNOOC has commenced production of Wushi 23-5 Oilfields Development Project, the first green design oilfield located in the Beibu Gulf of the South China Sea
Shell has said that it will temporarily pause on-site construction work at its 820,000 tons per year (tpa) biofuels facility located at the Shell and Chemicals Park Rotterdam in the Netherlands to address project delivery and ensure future competitiveness due to weak market conditions.
CNOOC has commenced production at Enping 21-4 Oilfield Development Project located in eastern South China Sea, with expected peak production of approximately 5,300 barrels of oil equivalent per day in 2025.
TotalEnergies has signed an agreement to sell its entire interest in West of Shetland assets in the UK to The Prax Group. The assets include Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, the onshore Shetland Gas Plant and nearby exploration licenses.
Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion in the phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System in addition to new gas rigs and ongoing capacity maintenance.
Eni has signed a binding agreement with US Hilcorp for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska.
US offshore drilling company, Transocean has signed a year contract extension for the Deepwater Asgard drillship extension with an independent operator in the US Gulf of Mexico.
Iran signed on Wednesday a memorandum of understanding (MoU) with Russia for the transfer of Russian gas to Iran, with the aim of strengthening and developing the countries cooperation in this field.
Shell revealed on Wednesday that its Subsidiary, Shell Canada Products has reached the Final Investment Decision (FID) for Polaris, a carbon capture project designed to capture approximately 650,000 tons of CO2 annually from the Shell-owned Scotford refinery and chemicals complex, in Alberta, Canada.
