TotalEnergies Extends FID of Papua New Guinea LNG Project to 2025
TotalEnergies has said that more efforts are needed before a final investment decision can be made regarding the planned liquefied natural gas (LNG) project in Papua New Guinea.
News / International
Petrobras Announces Oil Discovery in Ultra-Deep Waters of Potiguar Basin
Petrobras has announced an oil discovery in the ultra-deep waters of the Potiguar Basin. The discovery, located in the Anhangá exploratory well of Concession POT-M-762_R15, marks the second oil find in the Potiguar Basin in 2024. This follows the confirmation of hydrocarbons in the Pitu Oeste Well in the BM-POT-17 Concession.
ExxonMobil Reaches FID for Whiptail Development Offshore Project in Guyana
ExxonMobil has announced that it made a final investment decision (FID) for the Whiptail development offshore Guyana, marking the sixth project on the Stabroek block. This decision follows the necessary government and regulatory approvals, with expectations to increase daily capacity by approximately 250,000 barrels by the end of 2027.
Vitol Reports $13B Net Profit in 2023
Vitol has generated a net profit of $13 billion in 2023, a slight decline from the record-breaking $15 billion net profit the Swiss-based trader achieved in 2022, according to Reuters.
TotalEnergies Expands US Natural Gas Production with Acquisition in Texas
TotalEnergies has acquired 20% interest of Lewis Energy Group in the Dorado leases managed by EOG Resources in the Eagle Ford shale gas region.
BASF Inks 15-Year Gas Supply Deal with ENN in China
German chemical giant BASF has signed a 15-year contract with Chinese gas company ENN Energy Holdings for the procurement of natural gas.
Baker Hughes to Supply Canada’s Cedar LNG Project with Electric-driven Liquefaction Technology
Baker Hughes has secured a deal with Black & Veatch, a global engineering, construction, and consulting company, to provide Cedar LNG in Canada with cutting-edge electric-driven liquefaction technologies. The award was booked in the first quarter of 2024.
Woodside Energy’s JV, Angel CCS, to Explore Carbon Capture at Yara Pilbara Operations
Woodside Energy-operated joint venture (JV) Angel CCS plans to study the feasibility of deploying carbon capture and storage technology decarbonize ammonia producer Yara Pilbara Fertilisers' existing operations in Western Australia.
VTTI to Acquire 70% Stake in Italy’s Largest LNG Terminal, Snam to Retain 30%
VTTI, an energy storage company, is set to secure a 70% stake in Italy's primary liquefied natural gas (LNG) terminal, with Snam, the grid operator, maintaining the remaining 30%, according to an announcement by the Milan-listed group.
Energean Acquires Majority Stakes Tors, Wenlock Fields Operation in North Sea
Energean has acquired majority equity stakes in two fields in the south of the UK North Sea, Tors and Wenlock fields with 68% and 80% respectively. This came as part of the 2020 landmark acquisition of Edison Exploration and Production SpA.
