News / International

ExxonMobil Australia Invests $200M in Kipper 1B Project to Boost Gas Supply

ExxonMobil announced a nearly $200 million investment for the development of the Kipper 1B Project, aimed at bringing additional gas supply from the Gippsland Basin to the market before 2026. Approved by ExxonMobil Australia subsidiary Esso and its co-venturers Mitsui and Woodside, the project involves drilling and installing one subsea well into the Kipper field using the VALARIS 107 jack-up rig, along with upgrading the West Tuna platform. Drilling is set to begin later this year, with platform upgrades happening simultaneously.

Eni, Petronas to Jointly Combine Upstream Assets in Indonesia, Malaysia

Eni has signed a Memorandum of Understanding (MoU) with Petronas to progress discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia. This venture aims to boost growth opportunities in Indonesia and Malaysia, positioning both companies as key players in the LNG in the region while delivering in the medium term a sustainable production of 500,000 barrels of oil equivalent per day (kboepd, Eni said on Thursday. The new company will also  combine approximately 3 billion barrels of oil equivalent (boe) in reserves, with an additional 10 billion boe in exploration potential.

ADNOC Signs 15-Year LNG Supply Deal with Japan Osaka Gas for Ruwais LNG Project

 ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with Japan’s Osaka Gas for the delivery of up to 0.8 million tons per annum (mtpa) of Liquefied Natural Gas (LNG) from Ruwais LNG project in the UAE. The LNG will be primarily sourced from the Ruwais LNG project, which is under development in Al Ruwais Industrial City, Abu Dhabi, and is scheduled to start commercial operations in 2028. To date, up to 8 mtpa of the Ruwais LNG project’s 9.6 mtpa production capacity has been committed to international buyers across Asia and Europe through long-term arrangements.

Sinopec Launches 500-Ton Bio-Aviation Fuel Shipment to Hong Kong

Sinopec has started its bio-aviation fuel shipment to Hong Kong, marking the first-ever among Chinese companies outside the Chinese Mainland.
The Sheng You 238 vessel, loaded with 500 tons of bio-aviation fuel, set sail from Sinopec Zhenhai Refining & Chemical Company (ZRCC) on February 26, heading straight for Hong Kong International Airport. The bio-aviation fuel, considered a Sustainable Aviation Fuel (SAF), is derived from renewable resources of animal fats, vegetable oils, and used cooking oil. It reduces emissions by more than 50% across its life cycle.

Sonatrach Signs $850M New Hydrocarbon Contract with Sinopec

Sonatrach signed on February 25 with Sinopec International Energy Investment (HK) Holding Ltd, a new hydrocarbon contract worth in the form of production sharing on the Hassi Berkane Nord (HBAN) field. The contract, worth $850 million, involves Sonatrach and Sinopec to carry out a minimum research and assessment work program to enhance and develop the hydrocarbons in the Hassi Berkane Nord area located between the wilayas of Ouargla and El Meniaa and 80km from Hassi Messaoud.

Petronas Enters Agreement with Sabah Energy to Supply Natural Gas Supporting Steel Industry

PETRONAS announced that it, through Malaysia Petroleum Management (MPM), has formalized an agreement with Sabah Energy Corporation Sdn Bhd (SEC) for supplying additional 104 million standard cubic feet per day (mmscfd) of natural gas to support Sabah’s industrial and energy needs.

Iraq, Foreign Oil Companies Issue Contradictory Statements on Resumption of Kurdish Exports

Eight international oil companies operating in Iraq's semi-autonomous Kurdistan region announced that they would not resume oil exports through Turkey's Ceyhan port on Friday, despite Baghdad's declaration that the restart was imminent.

India to Commission World’s Longest LPG Pipeline

By June, India's state-run refiners will complete the commissioning of the world's longest liquefied petroleum gas pipeline, marking a significant milestone that will substantially reduce fuel transportation costs and mitigate the risk of fatal road accidents.

Sayma Cox Joins Energean Board as Independent Non-Executive Director

Energean announce that Sayma Cox will be joining its Board as an Independent Non-Executive Director, effective 1 March 2025. With 27 years of global experience in the energy sector, Sayma brings a wealth of expertise in upstream oil and gas, safety, asset optimization, and energy transition, including Carbon Capture and Storage (CCS).

Egypt Expands Energy Cooperation with Cyprus, Saudi Arabia, and Greece

Presudent Abdel Fattah El-Sisi and Nikos Christodoulides, President of Cyprus, witnessed the signing of an agreement between the two countries to start developing Cypriot natural gas discoveries, using Egyptian infrastructure during EGYPES 2025.

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