CNOOC has commenced production at its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project located in eastern South China Sea, ahead of schedule.The project, with an average water depth of about 98 meters, is expected to reach a peak production of approximately 26,000 barrels of oil equivalent per day (boe/d) in 2027. The oil property is medium crude.
SLB has announced its third-quarter results (3q24), achieving a notable revenue of $9.16 billion, a 10% increase year-on-year, despite a cautious macroeconomic environment.
Petrobras has signed an agreement to supply Vale with diesel containing renewable content, with potential to expand to other low-carbon fuels, according to Reuters.
Esso Australia, a subsidiary of ExxonMobil Australia Pty Ltd and operator of the Gippsland Basin Joint Venture has completed the Kipper Compression Project, maintaining crucial natural gas supplies for the domestic market.
ADNOC has deployed AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across the company’s upstream operations, following the solution’s successful initial deployment in early 2024 on two reservoirs at Bab and Umm Shaif fields.
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. The transaction, subject to authorization by the relevant authorities, involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol.
Sinopec, China's state-owned oil and gas giant, has announced that it is now pumping 1,600 metric tons per day of shale oil at its pilot project in Jiyang, east China, an increase from the 100 tons it was producing in 2021.
Chevron has donated $250,000 to support relief and recovery efforts in Florida following the devastation caused by Hurricane Milton. This contribution is part of Chevron's efforts to assist in the aftermath of hurricanes, having previously donated a similar amount to aid the recovery from Hurricane Helene in the Southeast.
Chevron plans to ramp up production on the New Mexico side of the Permian Basin, one of the most prolific oil and gas regions in the US.
Sonatrach has signed two memorandum of understanding (MoU) with some international companies to jointly conduct the necessary studies to assess the viability and profitability of an integrated project to produce green hydrogen in Algeria aimed to supply the European market.
