Industry News
OPEC revises down oil demand growth again on Chinese uncertainties
OPEC has reduced its forecast for 2024’s global oil demand growth, while also lowering its projection for 2025.
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Company News
Nigeria signs gas supply deal for $3.5bn Brass methanol production plant
Nigeria has entered into a gas supply agreement with several JV partners to support a $3.5bn (N5.72tn) fertiliser and petrochemical plant.
Deal News
ADNOC’s $3.62bn acquisition of controlling stake in Fertiglobe to close tomorrow
ADNOC has announced that its acquisition of a controlling stake in Fertiglobe from OCI Global will close on 15 October 2024.
Company News
Chennai Petroleum to raise $3.3bn for new oil refinery in India
Chennai Petroleum is in advanced discussions to secure a $3.3bn loan for constructing a new refinery in Tamil Nadu, India.
Company News
Woodside completes Scarborough Energy project trunkline installation
Woodside’s completion of the Scarborough Energy Project trunkline, a significant step towards cleaner energy and economic growth.
Analysis
Revealing the business opportunities of a circular economy
The oil and gas industry’s traditional linear production needs to move circular economy that reduces natural resource consumption.
Industry News
CNOOC sees record oil and gas output from independent field
CNOOC reveals record cumulative production of nine billion cubic meters of natural gas from the Deep Sea #1 field.
Industry News
US expands sanctions on Iran’s petroleum sector over missile strike on Israel
US imposes sanctions on Iran’s petroleum sector following the missile strike on Israel aiming to disrupt funding.
Company News
India’s ONGC plans to establish mini-LNG plants for stranded gas
ONGC is exploring plans to set upmini-LNG plants in India to utilise natural gas from wells in areas lacking pipeline connectivity.
Industry News
Japan to boost LNG purchases for emergency supplyÂ
Officials from Japan said the country has considered increasing its emergency supply of LNG reserves by at least 12 cargos a year.