CNOOC has commenced production at Huizhou 26-6 Oilfield Development Project in the Peral River Mouth Basin. The project, with an average water depth of about 110 meters, is expected to achieve a peak production of about 20,600 barrels of oil equivalent per day (boe/d) in 2027. The main products include light crude and natural gas.
Indonesia has signed a contract with units of Harbour Energy and Mubadala Energy for the development of the Central Andaman oil and gas block, according to Reuters.
QatarEnergy has entered into a new long-term sale and purchase agreement with Shell for the supply of three million tons per annum (mtpa) of liquefied natural gas (LNG) to China starting in January 2025.
Eni has signed contracts with the Ministry of Mines, Oil and Energy of Côte d’Ivoire in Abidjan to acquire four new exploration blocks in the country’s offshore region.
Saipem has secured an offshore EPCI contract along with its consortium partner PT Meindo Elang Indah, for BP’s Tangguh UCC Project located in Papua Barat Province, Indonesia.
TotalEnergies has partnered with Air Liquide to produce renewable hydrogen at La Mède in southeast France, aligning with its 2030 ambition to decarbonize the hydrogen used in its European refineries.
Petronas has coincided with the 29th United Nations Climate Change Conference (COP29) in a joint statement alongside Southeast Asia’s other leading energy companies calling for a progressive, cooperative and inclusive approach to methane emissions reduction in the region’s energy sector as part of a just energy transition which puts nature, people, lives and livelihoods at the heart of climate action.
The fourth floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter of 2025, said John Hess, CEO of US oil producer Hess Corporation, during the Wolfe Research oil and gas conference on Wednesday.
McDermott has been awarded a master services agreement (MSA) by UK Willis Sustainable Fuels Ltd. (WSFL) for sustainable aviation fuel (SAF) facilities in the UK. Under the scope of the agreement, McDermott will initially do early engineering, procurement and construction (EPC) of a planned SAF facility in Teesside with a production capacity of 50,000 liters per day of SAF.
Trinidad and Tobago signed a production sharing agreement with a subsidiary of bp for the exploration and production of natural gas in a shallow water block known as NCMA 2 in the North Coast Marine Area at depths of approximately 200 meters.
