Industry News
India to commission world’s longest LPG pipeline by June
India’s state-run refiners are nearing the completion of the world’s longest liquefied petroleum gas (LPG) pipeline.
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Industry News
Asia to lead CDU capacity additions until 2030, says GlobalData
According to GlobalData, global CDU capacity is set to grow by 11% over the next years, with Asia expected to dominate among all regions.
Industry News
Shell considers divestment of chemical assets in US and Europe
Shell is considering the sale of its chemicals assets in Europe and the US, with Morgan Stanley conducting a strategic review.
Industry News
Türkiye aims for Iraq-Türkiye oil pipeline to run at full capacity
Turkey seeks to maximise the Iraq-Turkey oil pipeline’s capacity as operations resume through Ceyhan, according to Turkish Energy Minister Alparslan Bayraktar.
Industry News
Expro to supply tubular running services for Netherlands CCS project
Energy services provider Expro has secured a contract to supply tubular running services (TRS) for the first offshore carbon capture and storage (CCS) system in the Netherlands.
Industry News
Pemex reports $9bn loss in Q4 due to oil production drops
Mexican state oil company Pemex reported a $9bn loss for the fourth quarter of 2024, marking a stark contrast to the profit recorded in the previous year.
Industry News
Karoon to buy Baúna CDI FPSO for $115m
Karoon Energy has entered into an agreement with Altera & Ocyan to purchase the Cidade de Itajaí FPSO for $115m.
Analyst Comment
Global oil demand is anticipated to rise even beyond 2030, as per GlobalData poll
The International Energy Agency (IEA), which works with countries around the world to shape energy policies for a secure and sustainable future, projects that global oil demand will peak before 2030.
Industry News
Chevron licence cancellation may spark new oil export deal in Venezuela
The termination of Chevron’s license to operate in Venezuela by the US government may lead to negotiations on a new agreement.
Industry News
Vår Energi discovers more oil in Barents Sea
Vår Energi has confirmed an oil discovery in the Zagato exploration well close to the Goliat field in the Barents Sea.