The Italian energy giant Eni and Argentina’s leading energy company YPF have signed a key agreement to advance the Argentina LNG (ARGLNG) project. The agreement was signed during a meeting between Argentine President Javier Milei and Italian Prime Minister Giorgia Meloni.
Shell announced approving the final investment decision to develop the Aphrodite gas project offshore Trinidad and Tobago, Reuters reported citing the company. The project is set to start production in 202, with expected peak production of 18,400 barrels of oil equivalent per day (boe/d).
Baker Hughes, a leading American energy technology company, announced that it entered an agreement with Cactus Inc., a U.S.-based manufacturer of pressure control equipment, to establish a joint venture (JV) that provides surface pressure control (SPC) services. SPC services include oilfield services and equipment used to safely manage and contain pressure during drilling, well intervention, completion, and production operations at the surface.
Aramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance.
The issuance was carried out in three tranches at the London Stock Exchange, under its Global Medium Term Note Program.
Sinopec, China’s state-owned oil and gas giant, has launched a hydrogen energy-focused venture capital fund with an initial investment of $690 million.
ExxonMobil announced that it has entered exclusive negotiations with the French unit of Canadian energy group North Atlantic to sell the 82.89 % stake Exxon owns in the French subsidiary Esso, according to Reuters.
Eni, the Italian oil giant, has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor. According to the agreement, Eni will be negotiating only with GIP-excluding all other competitors, on the sale of the 49.9 per cent Eni holds in Eni CCUS Holding – a leading European player in the CCUS sector (Carbon Capture, Utilization and Storage).
The governments of Saudi Arabia and Kuwait have announced a new oil discovery by Wafra Joint Operations (WJO) in the North Wafra Wara-Burgan field, situated five kilometers north of the Wafra field, according to Saudi Press Agency (SPA).
French integrated energy company TotalEnergies announced on Sunday first oil production from the fourth development phase of the Mero-4 field on the Libra block in the pre-salt are of the Santos Basin, Brazil. This start up brings total production rates to a capacity of 770,000 barrels per day (bbl/d) through five Floating Production, Storage, and Offloading (FPSO) units. Once reaching full capacity, TotalEnergies will attain around 100,000 barrels of oil equivalent per day (boe/d).
Iraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to implement an integrated energy project, Reuters reported.
