Iran will use $100 million in foreign direct investments (FDI) to build a liquefied petroleum gas (LPG) export terminal, according to the CEO of the National Iranian Oil Company (NIOC) Mohsen Khojastehmehr.
The Ammonia-7 Project, the first and largest blue ammonia project in the world, was approved for construction today by QatarEnergy's affiliates, QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO).
Russia cut off gas shipments along Europe's main supply route, worsening an economic standoff between Moscow and Brussels and increasing the likelihood of a recession and energy rationing in some of the richest nations in the region, Reuters added.
Schlumberger, a U.S. engineering company, and Aker Solutions (AKSOA.OL), a Norwegian company, intend to combine their underwater oil and gas construction businesses and add Subsea 7, an Oslo-listed competitor, as a partner, the companies announced on Tuesday.
Due to weak demand in the region and rising arbitrage shipments, the world's top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia.
Norway's Equinor is considering selling a 28% share in the Statfjord field, which spans the Norwegian and British continental shelves, as well as minor stakes in a number of satellite fields, According to a presentation reviewed by Reuters.
The Northern Territory's Darwin LNG plant will get gas from Australia's Santos Ltd (STO.AX), which recently announced that it will invest an additional $311 million to develop a new pipeline to carry gas from its offshore Barossa field.
The National Iranian Oil Company's (NIOC) CEO declared that a strategic plan of roughly $900 million will be launched in the province of Khuzestan's upstream oil industries.
In the Norwegian sector of the North Sea, Neptune Energy and its partners recently announced the discovery of a new commercial well (PL 929).
In response to an electrical fire at its 430,000 barrel-per-day Whiting refinery in Indiana, bp stated that it had shut down some of its impacted units.
