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.
Eni has announced the launch of its new supercomputing system, HPC6, which has achieved a debut ranking of No. 5 on the latest TOP500 list of supercomputers, released on November 18, 2024.
Iraq's fuel oil exports are poised to achieve all time highs this year, driven by the country’s ramp up shipments in October. This surge comes as domestic demand eased and production rose, according to Reuters.
Sinopec has announced the start of constructing a refinery and a petrochemical complex in cooperation with Aramco in Southeast China’s Fujian province.
 Saipem has been awarded an Engineering, Procurement, Construction, and Installation (EPCI) contract by TotalEnergies’ Subsidiary in Suriname for subsea development of the GranMorgu project, located in Block 58 oil and gas field offshore Suriname.
Baker Hughes has signed a contract with SOCAR for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The project is expected to recover flare gas equivalent up to 7 million Nm3 of methane per year, and further reduce CO2 emissions by up to 11,000 tons per year.
QatarEnergy has signed a 10-year agreement with OCP Nutricrops, a subsidiary of OCP Group, to supply up to 7.5 million tons of sulfur starting in 2024.
Oil and gas giants TotalEnergies, bp, Equinor, and Shell have pledged $500 million to improve access to affordable energy, with a primary focus on sub-Saharan Africa and south and southeast Asia.
