Analyst Comment
China to spearhead global plastics capacity additions by 2030
China is anticipated to be at the forefront of global plastics capacity additions by 2030.
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Industry News
Eni, Petronas consider JV for upstream assets in Indonesia and Malaysia
Eni and Petronas are mulling establishing a joint venture (JV) holding company to oversee selected upstream assets in Indonesia and Malaysia.
Industry News
US Senate overturns Biden-era methane fee on oil and gas producers
The US Senate has voted to overturn the Environmental Protection Agency’s (EPA) proposed fee on methane emissions from oil and gas producers.
Industry News
ADNOC to supply LNG to Osaka Gas from Ruwais project
ADNOC has agreed to supply Osaka Gas up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project.
Analyst Comment
BP’s renewed focus on oil and gas is completely unsustainable
BP (bp) – along with Shell, Equinor, and other oil and gas companies – has announced it will be reducing investment into renewable energy, refocusing on oil and gas production.
Industry News
Egypt plans to implement seven gas field projects for FY25/26
The Egyptian Natural Gas Holding Company (EGAS) has is planning to implement seven gas development projects and place 24 new wells on the production map for FY 2025/26.
Industry News
Ring Energy to acquire Lime Rock’s Central Basin assets for $100m
Ring Energy has agreed to acquire the Central Basin Platform (CBP) assets in Texas from Lime Rock Resources for $100m.
Analyst Comment
Middle East to add significant CDU capacity by 2030
Iraq will add considerable CDU capacity in the Middle East with almost1,919 of capacity expected to be added by 2030.
Industry News
Sapura Energy secures $722m worth of drilling contracts
Sapura Energy’s drilling arm, Sapura Drilling, has secured multiple contracts valued at approximately MYR3.2bn ($722.5m) for tender assist drilling rig services.
Industry News
Vermilion Energy acquires Westbrick, adding assets in Alberta’s Deep Basin
Vermilion Energy has completed the previously announced acquisition of Westbrick Energy for a consideration of C$1.075bn ($746.53m).