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 has announced a major oilfield discovery in the north-central waters of the Bohai Sea, producing medium-heavy crude oil.
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 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.
Saipem has signed a Letter of Intent for the development of CO2 offshore transportation and storage facilities in the UK.
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 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.
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.
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'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).