The UK Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has opened a public consultation on Adura’s Jackdaw gas field, marking another step in the regulatory approval process before the North Sea project can begin production.
Chevron Technical Center has signed a technology licensing agreement with ZL Chemicals Ltd. to commercialize Chevron-developed surfactant technology designed to improve resource recovery in shale and tight oil reservoirs.
ADNOC has signed a strategic collaboration agreement (SCA) with South Korea’s Ministry of Trade, Industry and Resources (MOTIR) to expand long-term crude oil supply, strengthen emergency supply coordination and enhance strategic crude storage cooperation.
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the United States would “probably” launch additional military strikes, raising the prospect of renewed conflict in one of the world’s most important oil-producing regions.
The deal, signed in Abuja, will see NNPC and Seplat supplying 5.7 million cubic metres of gas per day to the UTM FLNG project, which is set to produce 1.8 million tonnes of LNG per year.
Norwegian energy giant Equinor has awarded contracts worth around NOK 6bn ($612m) for four subsea projects.
Germany is planning to allocate €1.5 billion to establish a strategic natural gas reserve with a capacity of 2.3 billion cubic meters, AzerNEWS reports, citing Reuters.
Petronas Suriname E&P has made two new discoveries and appraised the Roystonea oil find in Block 52 offshore Suriname
The premiers of Alberta and Ontario unveiled a proposed 3,300 km pipeline to transport oil from Western Canada to refineries in southern Ontario.
Shell PLC (LSE:SHEL, NYSE:SHEL) shares jumped over 2% after it said stronger trading and improved refining margins should support second-quarter performance, although production has been hit by disruption to output from Qatar following the war in the Middle East.