Eni has inked a new production sharing contract (PSC) for blocks 404 and 208 in Algeria with SONATRACH, Oxy, and TotalEnergies. In Eastern Algeria's Berkine basin, where these blocks are located onshore, Eni has been present since the 1980s.
In order to deepen their long-standing relationship and explore new opportunities for growth, Abu Dhabi National Oil Company (ADNOC) and TotalEnergies have signed a strategic partnership agreement.
The National Iranian Oil Company (NIOC) CEO said the deal with Gazprom is one of the largest foreign direct investment memorandum of understanding (MOU) in the history of Iran's oil industry. In an online ceremony, NIOC CEO Mohsen Khojastehmehr and Gazprom Deputy Chairman Vitaly Markelov signed the MoU, which is worth approximately $40 billion.
Chevron employees could soon be able to see more than just the time of day by glancing at their phones; they will also be notified when they are at risk of experiencing heat stress. Using a wearable biometric device paired with a smartphone, they are bringing this new type of personal protective equipment (PPE) to their offshore workers.
Skeleton Technologies, an energy storage technology firm from Estonia, is set to build a new factory near Leipzig, Germany, which Siemens plans for supercapacitors.
Eni has finished its oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, which has started to produce the first vegetable oil for bio-refineries.
Russian energy giant Gazprom has declared force majeure on some gas supplies to Europe, according to a report by Reuters referencing a letter in this regard.
As a result of delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE, Sasol Ltd. declared force majeure on the supply of petroleum products, Bloomberg reported.
Despite months of outages, Libyan Prime Minister Abdul Hamid Dbeibah said crude exports would resume soon after he replaced the leadership of the state-run oil company.
OPEC+ will continue to assess market conditions and do what is necessary as a result of a US-Arab summit on Saturday, according to Saudi Arabia's foreign minister, Reuters reported.
