Technip Energies N.V. has been contracted by Chevron Phillips Chemical (CPChem) to supply a proprietary low-emission cracking furnace for an existing olefins unit in Sweeny, Texas.
The head of the Islamic Republic of Iran Customs Administration (IRICA) said that the country sold as much as $15.7 billion worth of crude oil in the first four months of this year 1403 in the Iranian calendar.
Egypt’s Ministry of Petroleum and Mineral Resources has signed investment deals with Shell Egypt, Petronus Gas and Cheiron Energy totalling $340m.
European shares started the week strong, lifted by global oil gains amid Middle East conflict fears and a slew of upbeat earnings, though a drop in Reckitt tempered the rally.
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday.
Malaysia’s Petroliam Nasional Bhd (Petronas) has secured land to progress its Southern Carbon Capture and Storage (CCS) hub project in Pahang.
ExxonMobil, the largest major oil and gas company in the Western world, has shown interest in the Korea National Oil Corporation’s (KNOC) roadshow and participated in verifying the economic feasibility analysis of the “Blue Whale Project.” This project, located in the East Sea, boasts estimated reserves of up to 14 billion barrels, valued at around 2,000 trillion won (around $1.48 trillion). Despite its participation, ExxonMobil has not yet made an investment decision.
TotalEnergies has decided to withdraw from two oil and gas blocks offshore South Africa, with its partner in one of the blocks QatarEnergy also announcing its exit from the development.
Brazil’s state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia’s huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday.
Italian energy conglomerate Eni announced on Friday that its adjusted net profit for the second quarter had decreased by 21 percent compared to the previous year. Despite this decline, the company exceeded market expectations due to a stronger-than-anticipated performance in its gas, exploration, and liquefied natural gas (LNG) divisions. For the April-June quarter, Eni reported an adjusted net profit of 1.52 billion euros (USD1.65 billion), down from 1.94 billion euros the previous year. However, this figure was above analysts’ projections of 1.42 billion euros.