Industry News
Global oil price drop linked to US tariffs poses challenges to Russian economy
A sharp decline in oil prices glbally, influenced by US President Donald Trump’s tariffs, poses a risk to the Russian economy
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Industry News
US revokes licences for Trinidad-Venezuela offshore gas projects
The US has revoked two licences granted for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela.
Analyst Comment
Asia poised to lead global benzene capacity expansion through to 2030
Within Asia, the majority of benzene capacity additions are from upcoming projects in India, with a total capacity of 3.29 mtpa.
Industry News
MariEnergies announces oil discovery at Shawal-1 well in Sindh, Pakistan
MariEnergies has announced a significant oil discovery at its Shawal-1 well, located in the Mari Development & Production Lease (Mari D&PL) in Sindh Province, Pakistan.
Industry News
Borr Drilling secures new contracts for three jack-up rigs and provides fleet updates
Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, marking significant fleet updates.
Industry News
Shell lowers Q1 LNG production guidance amid weather and maintenance issues
Shell has revised its first quarter liquefied natural gas (LNG) production outlook, citing the impact of adverse weather and unplanned maintenance in Australia.
Industry News
Vallourec to supply OCTG to Sonatrach in Algeria
Vallourec has secured a significant award to supply Oil Country Tubular Goods (OCTG) to Sonatrach, Algeria’s national oil and gas company.
Industry News
Chinese LNG buyers resell US cargoes as tariffs increase costs
Chinese buyers of liquefied natural gas (LNG) are increasingly reselling US-sourced cargoes as the impact of tariffs significantly raises import costs.
Industry News
Occidental receives permits to sequester COâ‚‚ from Texas facility
Occidental Petroleum (Occidental) and its subsidiary 1PointFive have secured Class VI permits from the US Environmental Protection Agency for the STRATOS Direct Air Capture (DAC) facility in Ector County, Texas.
Industry News
Afreximbank allocates $3bn to enhance Africa’s refining capacity
The African Export–Import Bank (Afreximbank) has earmarked $3bn to finance the purchase of refined products within Africa.