Italy’s oil giant Eni has confirmed its decision to convert the Livorno refinery into a bio-refinery.
Eni’s Livorno refinery, located in the north of Italy, has been operating since 1936. It has a refining capacity of 105 kbbl (thousand barrels)/day and mainly manufactures lubricant bases, fuel oil, gasoline, and special products.
Eni SPA has presented to the Widodo government its natural gas expansion plans for Indonesia and at the same time signed an agreement with the energy ministry for energy transition cooperation, the Italian energy major said.
(WO) – The President of the Republic of Indonesia Joko Widodo met Eni Chief Executive Officer Claudio Descalzi in Jakarta on Feb. 2 to discuss the company’s ongoing activities in the country and to outline initiatives in the areas of energy transition and decarbonization.
HOUSTON – In a strategic move, Tellurian (NYSE:TELL) Inc. (NYSE American: TELL), a Houston-based energy company, has announced the engagement of its financial advisor Lazard (NYSE:LAZ) to explore the sale of its upstream business. This decision comes as the company shifts its focus toward the development of Driftwood LNG, its liquefied natural gas project.
Oil and gas activity in the Permian basin remained unchanged in the fourth quarter while most companies in the biggest US oil-producing basin expect little change in their capital spending for 2024 compared to 2023, the latest Dallas Fed Energy Survey showed.
Control Devices, a portfolio company of HBM Holdings and designer and manufacturer of highly engineered flow control products, purchased Gilmore. Terms of the transaction were not disclosed.
Gilmore, headquartered in Houston, designs and manufactures high-performance severe service valves (e.g., check, relief, regulator, shuttle, control) and other flow control solutions, including custom valves to meet client specifications and pressure relief systems. Its products are designed for demanding applications and harsh environments in the upstream oil and gas industry.
Jakarta (ANTARA) – The discovery of two large natural gas sources in East Kalimantan and northern Sumatra seas in 2023 offers hope in supporting Indonesia’s 2030 gas production target of 12 billion standard cubic feet per day (BSCFD).
UK banks have provided bank accounts to holding companies linked to a state-backed Iranian petrochemicals company which has been under western sanctions since 2018, according to reports.
Oil markets are once again focused on looming demand weakness, capping oil prices despite rising tensions in the Middle East.
Tullow Oil Plc and its Joint Venture Partners have pointed out that they intend to take a drilling break in Ghana later in 2024 while existing well stock sustains production at Jubilee and TEN decline.