ExxonMobil Guyana has announced a new discovery at Bluefin in the Stabroek block, located offshore Guyana, marking the company's first discovery of 2024 and adds to the more than 30 discoveries already made on the Stabroek block since 2015.
Saipem has signed a Letter of Intent for the development of CO2 offshore transportation and storage facilities in the UK.
Shell has announced changes to its 2030 carbon reduction target and scrapped a 2035 objective, citing lower power sales and increased demand for gas in the energy transition, committing to achieving net zero emissions by 2050.
Singapore's middle distillates stockpiles have surged by 8% week on week, reaching a new high since September 2021, as net exports of both diesel/gasoil and jet fuel/kerosene have slipped by 98% and 26%, respectively, according to Reuters.
Steelmaker ArcelorMittal has announced its plans to purchase a 28.4% stake in Vallourec for approximately $1 billion, aimed at increasing ArcelorMittal's presence in the tubular business.
The US Department of Energy has announced that it is granting $750 million to projects in 24 states that are focused on building capacity for the production and use of clean hydrogen.
Iran's oil production has reached above 3.2 million barrels per day (mmbbl/d) in February 2024, according to the latest report from the US Energy Information Administration (EIA).
ADNOC has issued a Limited Notice to Proceed (LNTP) for early engineering, procurement, and construction (EPC) activities to a joint venture for the low carbon liquefied natural gas (LNG) project in Al Ruwais Industrial City, Abu Dhabi.
Eni has completed the sale of its participation interest in several upstream permits to Perenco in Congo. The transaction, approved via relevant authorities, is consistent with Eni’s strategy to focus its upstream activities on major developments, according to the company's statement.
Unipec, the trading arm of Asia's largest refiner Sinopec, has purchased 8 million barrels of North Sea crude Johan Svedrup for delivery in May, amid high demand in Europe.
