TotalEnergies has announced that it signed an agreement with OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn. The deal is valued at $903 million, including the transfer of a $350 million loan granted by OMV to SapuraOMV.
QatarEnergy has announced the award of Engineering, Procurement, Construction, and Installation (EPCI) contracts worth more than $6 billion related to the next development phase of the offshore Al-Shaheen oil field. The project aims to increase production by about 100,000 barrels of oil per day (bbl/d).
Eni has announced the closing of its acquisition of Neptune Energy Group Limited.
Indonesia has issued a new presidential regulation on carbon capture and storage (CCS). This regulation, which went into effect on Tuesday, allows CCS operators to reserve 30% of their storage capacity for imported carbon dioxide (CO2).
Oman has recorded a 1.2% increase in production of refineries and petroleum industries by December 2023 compared to the same period in 2022, according to the preliminary statistics of the National Center for Statistics and Information (NCSI).
QatarEnergy and US-based Excelerate Energy have signed a 15-year agreement for the supply of liquefied natural gas (LNG) to Bangladesh starting in January 2026.
Aramco has announced its intention to maintain maximum sustainable capacity (MSC) at 12 million barrels per day (mmbbl/d).
Eni has announced its plans to convert the Livorno refinery into a bio-refinery, making it Italy's third bio-refinery.
Falcon Oil & Gas has announced the start of the 30-day initial production (IP30) testing at the Shenandoah South 1H (“SS1H”) well in EP117 within the Beetaloo Basin in the Northern Territory (NT), Australia.
Within its efforts to reduce carbon emissions, the international energy and petrochemical company Shell has announced its plan to shut down its oil refinery in Wesseling, Germany by 2025. The company announced that it would convert the site to produce lubricant feedstock.
