News / International

CNOOC Announces Over 100 Million Tons of Oil Field Discovery in Bohai Sea

CNOOC has announced a major oilfield discovery in the north-central waters of the Bohai Sea, producing medium-heavy crude oil.

CNOOC to Set Talks on Angola Oil Exploration Opportunities

Chinese CNOOC is set to begin talks with Angola for oil exploration opportunities, according to a statement from the Angolan oil and gas ministry.

ExxonMobil Makes New Discovery Offshore Guyana

ExxonMobil Guyana has announced a new discovery at Bluefin in the Stabroek block, located offshore Guyana, marking the company's first discovery of 2024 and adds to the more than 30 discoveries already made on the Stabroek block since 2015.

Italy’s Saipem to Develop CO2 Offshore Transportation, Storage Facilities in UK

Saipem has signed a Letter of Intent for the development of CO2 offshore transportation and storage facilities in the UK.

Shell Announces 2030 Carbon Emissions Target

Shell has announced changes to its 2030 carbon reduction target and scrapped a 2035 objective, citing lower power sales and increased demand for gas in the energy transition, committing to achieving net zero emissions by 2050.

Singapore’s Middle Distillates Stocks Reach Highest Level Amid Exports Decline

Singapore's middle distillates stockpiles have surged by 8% week on week, reaching a new high since September 2021, as net exports of both diesel/gasoil and jet fuel/kerosene have slipped by 98% and 26%, respectively, according to Reuters.

ArcelorMittal to Acquire 28.4% Stake in Vallourec for $1B

Steelmaker ArcelorMittal has announced its plans to purchase a 28.4% stake in Vallourec for approximately $1 billion, aimed at increasing ArcelorMittal's presence in the tubular business.

US Department of Energy Grants $750M for Clean Hydrogen Projects Across 24 States

The US Department of Energy has announced that it is granting $750 million to projects in 24 states that are focused on building capacity for the production and use of clean hydrogen.

Iran Produces Over 3.2 mmbbl/d of Oil in February

Iran's oil production has reached above 3.2 million barrels per day (mmbbl/d) in February 2024, according to the latest report from the US Energy Information Administration (EIA).

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