Sinopec has announced the start of natural gas production at a new field in Southern China’s Sichuan province. The West Sichuan Gas Field project marks Sinopec's third gas field with more than 100 billion cubic meters (bcm) in reserves.
Iran has announced that it has awarded contract to local companies to increase the pressure in the South Pars/North Dome Gas-Condensate field with costs of $20 billion, according to IRNA agency.
French oil giant TotalEnergies has resumed its work in several units at its Donges refinery on the Atlantic coast of France. This comes after the refinery, which holds capacity of 230,000 barrels per day, underwent a full shutdown on the first of March for maintenance works, including repairing a leak, according to data from industry monitor IIR.
Iran has increased its oil production to 50,000 barrels per day (bbl/d) driven by the exploitation of two new oil fields, Sepher and Jofeir.
Shell and Bloom Energy to cooperate for exploring decarbonization solutions using Bloom's hydrogen electrolyzer technology, aimed at developing large-scale solid oxide electrolyzer (SOEC) systems that can produce clean hydrogen for potential use at Shell's assets.
TotalEnergies and QatarEnergy have signed an agreement to buy a stake in a license to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam (a wholly owned subsidiary of Eco Atlantic Oil and Gas), and Ricocure.
Saudi Arabia's Aramco and Abu Dhabi National Oil Company (ADNOC) have been in discussions to invest in US liquefied natural gas (LNG) projects, according to Reuters.
ADNOC has generated $500 million in value from deploying 30 AI tools across the company’s entire value chain by 2023. These tools have helped in value creation, improved decision-making process in addition to reducing carbon emissions by 1 million tons between 2022 and 2023, equivalent 200,000 gasoline- powered cars from the road.
Hindustan Petroleum Corp. (HPCL) is set to start operating its new 180,000 barrels per day Barmer refinery in India's desert state of Rajastha by December using Middle East oil.
Valero Energy Corp., one of the largest fuel refiners in the US, has joined a massive carbon capture and storage project in the heart of the country's corn industry.
