As Europe accelerates its industrial decarbonisation agenda, offshore carbon capture and storage (CCS) is moving from pilot initiatives to full-scale infrastructure development. The focus is shifting towards integrated transport and storage systems capable of handling millions of tonnes of carbon dioxide (CO₂) annually.
Shell subsidiary ShellBrasil Petróleo has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest a 20% interest in the Orca Project.
Italian oil and gas company Eni and Kuwait Petroleum Corporation’s (KPC) Q8 Italy business have announced plans to construct a biorefinery in Priolo, Sicily.
OKLAHOMA CITY & HOUSTON–(BUSINESS WIRE)– Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin.
The U.S. government is preparing to issue a general license allowing companies to pump oil in Venezuela, part of the Trump administration’s plan to ease sanctions and rebuild the nation’s moribund energy industry.
One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per share, trouncing the analyst consensus estimate of $2.72 earnings per share in The Wall Street Journal.
Japan’s JERA has signed a 27-year sales and purchase agreement with QatarEnergy under which the Qatari company will supply 3 million tonnes per year of LNG starting in 2028, JERA announced on Saturday.
Westwood Global Energy Group has launched MarineLogix, a new offshore vessel intelligence platform designed to improve visibility into vessel activity, utilization and availability across global offshore oil and gas markets.
Tenaris has secured two new contracts from Türkiye Petrolleri Anonim Ortaklığı (TPAO) to support Phase 3 development of the Sakarya Gas Project, Türkiye’s flagship offshore gas project in the Black Sea.
TotalEnergiesand Kuwait Oil Company have signed a memorandum of understanding to strengthen technical cooperation and advance studies related to potential exploration opportunities in Kuwait.