Abu Dhabi National Oil Company (ADNOC) has announced the start of crude oil production from its Belbazem offshore block set to ramp up to 45,000 barrels per day (bbl/d) of light crude and 27 million standard cubic feet per day (mmscfd) of associated gas, contributing to ADNOC’s target of reaching 5 million bbl/d by 2027 and enabling UAE gas self-sufficiency for the UAE.
UAE's Upper Zakum crude oil exports fell in March after ADNOC diverted supply to its own refinery and boosted shipments of Murban oil, according to Reuters.
SLB announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.
Iraq has recorded an increase in national gas investment, exceeding 1,916 million standard cubic feet (mscf/d) per day.
Petrofac has secured a two-year extension contract with ONEgas West, a joint venture between NAM and Shell UK, for providing brownfield Engineering, Procurement, and Construction (EPC) services In the Southern North Sea.
Wintershall Dea AG has announced the sale of its 50.02% stake in WIGA Transport Beteiligungs-GmbH and Co. KG to SEFE Securing Energy for Europe GmbH.
TotalEnergies and China Petroleum and Chemical Corporation, Sinopec, have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China, aimed to produce 230,000 tons of SAF per year using local waste and residues from the circular economy such as cooking oils and animal fats.
QatarEnergy has signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic liquified natural gas (LNG) Fleet Expansion Program.
JERA, Japan's leading power generator, and ExxonMobil has partnered to explore the development of a low-carbon hydrogen and ammonia production project in the United States.
