The Pars Oil and Gas Company (POGC) announced on Monday that Iran's gas production capacity in the South Pars gas field will exceed 730 million cubic meters per day (mcm/d) during the winter of the upcoming Iranian calendar year, which begins on March 21, 2024.
Indonesian President Joko Widodo has launched the country's first carbon emission credit trading system, aiming to establish a market that will fund cuts in greenhouse gas emissions and position Indonesia as a major player in the global carbon trade.
Canada’s Pathways Alliance has said that a C$16.5 billion ($12.27 billion) carbon capture and storage (CCS) project planned by Canada's big oil companies will only proceed if the federal government establishes a contract to lock in future carbon pricing.
Baker Hughes announced that it has signed an eight-year-long power purchase agreement (PPA) with Shell Energy Italia to supply renewable energy for Baker Hughes’ Industrial & Energy Technology (IET) Italian facilities.
The Deputy Chief for Development and Engineering Affairs at the National Iranian Oil Company (NIOC), Reza Dehqan said that the country is progressing oil and gas projects worth some $50 billion.
Algeria's state-owned company Sonatrach has announced that it signed a new contract with its TFT group partners, French TotalEnergies and Algeria Entrprise Nationale de Grands Travaux Pétroliers (ENGTP), regarding the Tin Fouyé Tabankort II (TFT) gas field in Algeria.
Petronas company announced that the Bintulu Additional Gas Facility (BAGSF-2) starts to deliver natural gas to a new Sarawak methanol plant in Bintulu, supporting the further growth of petrochemical industry in the State of Sarawak.
Norway's Equinor and its partners announced that they have raised the project cost estimate for their joint Johan Castberg oilfield in the Arctic Barents Sea by close to 13 billion Norwegian crowns ($1.20 billion).
