Eni SpA said Thursday it had launched the authorization process for an Environmental Impact Assessment to build a biorefinery and a chemical recycling plant in Sicily, after receiving approval from Italy’s Environment and Energy Security Ministry.
Vucic had been seeking a three-year contract with Gazprom, following two meetings this year with Russian President Vladimir Putin. Speaking to the tabloid Informer, he suggested the delay was linked to US sanctions on oil refiner Naftna Industrija Srbije that came into full effect earlier this month after several temporary waivers expired.
Prospective gas resources in the unrisked best estimate scenario have risen 3.7 percent from 2.75 trillion cubic feet (Tcf) to 2.86 Tcf while unrisked best-estimate prospective oil resources have increased 81 percent from 43 million barrels to 78 million barrels, the Sydney-based company said in a stock filing.
Eni and state-owned Argentine energy company YPF have signed the Final Technical Project Description (FTPD) for the liquefaction segment of the integrated upstream-midstream Argentina LNG (ARGLNG) project, Eni announced on Friday.
Petro Rabigh’s overhaul aims to improve the plant’s operational reliability and includes asset upgrades to boost the output of higher-margin products. Aramco and Sumitomo will inject USD 1.4 billion through a Class B share issuance to reinforce Petro Rabigh’s balance sheet and help prepay outstanding debt.
The rise in crude imports was accompanied by an increase in refinery processing rates to 81.05%, which was the highest since the start of the year for state refiners. Independents, commonly called teapots by the media, also raised their utilization rate, to some 62%.
A Very Large Crude Carrier heading for the Chinese port of Rizhao has been diverted to another port, after the U.S. Treasury imposed sanctions on the Rizhao oil terminal as part of a new pressure campaign on China for its purchases of Iranian crude.
A few years ago, Aker BP, a fast-growing Norwegian oil and gas firm that specialises in innovative exploration, decided to try. Using a combination of new drill technology and software, they explored the thin seam of oil – sometimes only 30ft or so thick – below the gas field.
Odeefuo Amoakwa Buadu VIII said Ghana’s total crude production since the beginning of commercial oil production has now reached 675.1 million barrels. However, he expressed concern that the country’s output has been falling steadily since its highest level of 71.4 million barrels recorded in 2019.
Ghana is not attracting new investments in its upstream petroleum industry, to the extent that no new Petroleum Agreement has been signed since 2018, according to the 2025 Semi-Annual Report by the Public Interest and Accountability Committee (PIAC). The report stated that fewer drilling and completion operations on the Jubilee field were carried out during […]