Deal News
Occidental’s 1PointFive receives up to $500m for direct air carbon capture hub Â
1PointFive has secured funding of up to $500m from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED).Â
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Contract News
PTT International Trading signs contract to purchase LNG from OmanÂ
PTT International Trading has entered into a five-year agreement to purchase 300,000t of LNG from Oman, reported Bangkok Post. Â
Industry News
China oil demand slowdown prompts IEA to cut oil growth forecast
The International Energy Agency has highlighted its cut tooil demand growth forecast for 2024, due to declining oil demand in China.
Industry News
Saudi Arabia’s oil exports into China likely to rise 7% in October
China will see a 7% monthly increase in Saudi Arabian oil imports in October, as the kingdom cuts prices for Asian nations.
Industry News
Crude oil production will improve Uganda’s economic growth, IMF says
Earlier this year, Uganda increased its annual budget for the oil and gas sector as the country prepares for serious oil production.
Deal News
Seadrill exploring opportunities to acquire assets and engage in mergersÂ
Seadrill is actively seeking opportunities to expand through asset acquisitions or by merging with industry peers, reported Reuters.
Industry News
Grangemouth oil refinery confirms it will close next year
Grangemouth has finally announced that it will cease all operations by middle of next year, putting 400 jobs at risk.
Industry News
MET Croatia makes 100th shipment of liquefied natural gas
MET Croatia made its hundredth shipment of LNG in Croatia last week, helping to diversify the country’s energy supply.
Industry News
US sanctions two Hezbollah-linked LPG carriers
The US Treasury sanctioned two ships smuggling oil and liquefied petroleum gas (LPG) to Syria to seemingly help raise funds for Hezbollah.
Company News
Equinor announces partial electrification of North Sea Troll B and C platforms
Equinor has announced the partial electrification of the Troll B and C platforms in the North Sea from shore a significant step towards reducing carbon emissions on the Norwegian Continental Shelf (NCS).