News / International

Aramco Deploys First-Ever Iron-Vanadium Flow Battery for Natural Gas Operations

Aramco, one of the world’s leading integrated energy and chemicals companies, launched the first megawatt (MW)-scale renewable energy storage system using Iron-Vanadium (Fe/V) flow battery to store solar power for natural gas well operations. The company said that this solution is expected to be efficient and cost effective. It is designed to cope with the high temperature in Saudi Arabia and has the ability to achieve optimal performance under extreme weather conditions,

SLB Launches New ‘Retina’ Solution for Drilling Optimization

The Global energy technology company SLb has launched Retina™ at-bit imaging, which enables identification of rocks formation characteristics to optimize drilling efficiency, formation evaluation, and safety. This solution is the  first-of-its-kind and provides accurate measurements, especially at the critical point of first contact between the drill bit and the formation.

QatarEnergy’s LNG Project in USA to Start Production by End of 2025

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its North Field East Expansion Project in Qatar is set to start production by mid-2026.

Mubadala Energy Enters Agreement with Pupuk for Gas Supply

Emirati Mubadala Energy has signed an initial agreement with Indonesia's state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications at Mubadala Energy.

TotalEnergies’ New Canadian Investment Expands Its Potential in Asia

TotalEnergies, the world’s third largest LNG player, has signed a 20-year agreement to buy million tons per annum (mtpa) of LNG from the Ksi Lisims LNG project in Canada. The deal is pending the final approval.

Iran’s Boosts Oil Storage Capacity with 2M barrels

Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after starting the operation of two tanks that have been upgraded at the Kharg oil terminal in the operational zone.

Turkey Makes a $30bn New Gas Discovery in the Black Sea

Türkiye has made new natural gas discovery in the Black Sea with reserves amounted to 75 billion cubic meters (bcm).

Aramco Signs $90bn in Agreements with US Companies During Trump Gulf Tour  

Aramco, the Saudi oil giant, signed 34 Memoranda of Understanding (MoUs) and agreements totalling $90 billion with major US companies on the fringe of  US President Trump's tour in which Saudi Arabia was the first stop.

Chariot Takes Over Energean’s Moroccan Offshore Interests

Chariot Limited, an energy group focused on Africa, announced on May 14 that Energean plc has returned its Moroccan offshore interests to Chariot. The transfer includes Energean’s full stake in a subsidiary that held 45% of the Lixus Offshore license and 37.5% of the Rissana Offshore license. In 2023, Chariot sold a portion of its stake in Moroccan offshore waters to Energean in a deal valued at more than $900 million.

Eni Expands Its Indonesian Operations with Production Starting in a New Gas Field

Eni, the Italian energy giant, started the production of natural gas from the Merakes East Field located in the Kutei basin, offshore Indonesia. The field is expected to produce up to 100 million standard cubic feet per day (mmscf/d), equivalent to 18,000 barrels of oil equivalent per day (boe/d).

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