Iraq could ramp up its crude oil exports by some 250,000 barrels daily as it saves this amount from local consumption with the help of several solar power projects.
The news comes as unnamed sources told Reuters this week that Shell and its partners at LNG Canada were still having trouble ramping up output from the first train of the facility. Train 1 has been having technical difficulties since June, the Reuters sources told the publication, which has meant it was operating at less than half of its capacity, which is also 6.5 million tons annually.
EnerMech has won a significant contract to provide subsea pre-commissioning and specialist services for a major offshore gas development in Australia’s East Browse basin. The work will support the second phase of the project’s installation campaign, scheduled between October 2025 and April 2026.
The alliance brings together SLB’s digital and domain expertise in subsurface, subsea, surface production and recovery with SBM Offshore’s digital and full FPSO lifecycle capabilities. The companies will leverage their respective digital capabilities to create an AI-powered digital ecosystem that enhances FPSO digital asset management – improving uptime performance and reducing total cost of ownership for offshore operators.
The Bifrost Project, which comprises two CO2 offshore storage licenses located approximately 200 kilometers west of the Danish coast, is part of TotalEnergies’ North Sea CCS portfolio.
“We are aligned on the need to act together and believe that now is the time for a significant coordinated escalation of measures to bolster Ukraine’s resilience and critically impair Russia’s ability to wage war against Ukraine,” the statement said.
Ghana’s Minister of Energy and Green Transition, Hon. John Abdulai Jinapor, has reaffirmed the government’s commitment to fostering investor confidence and promoting natural gas as a cornerstone of the nation’s energy future.
Exxon had nine functional companies that operated relatively independently from one another when Woods took over in 2017, creating layers of bureaucracy and duplication of support services. The company now has three main divisions — production, refining and low-carbon — all of which share services like engineering, IT and project management.
TotalEnergies SE has agreed to sell a 50% stake in a 1.4-GW U.S. solar portfolio to KKR & Co., in a deal valuing the assets at $1.25 billion, including debt. The French major will receive about $950 million in cash at closing, with refinancing of the projects underway.
“Most firms will suspend share repurchases altogether if oil prices fall below $50 per barrel, whilst protecting base dividends at all costs. Companies will also build flexibility into their investment programmes to rapidly cut spend in response to low prices,” it added.