Deal News
Argentina’s YPF to sell business units to prioritise Vaca Muerta shaleÂ
Argentina’s national oil company YPF is advancing its divestment strategy, focusing on the Vaca Muerta shale formation, reported Bloomberg. Â
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Company News
Dangote Refinery urges Nigeria to enforce laws ensuring crude oil supplyÂ
The Dangote Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce the Domestic Crude Supply Obligation (DCSO), reported Reuters.Â
Company News
Shell and PetroChina JV to expand Surat Gas Project in AustraliaÂ
Arrow Energy, a joint venture (UV) between Shell and PetroChina, has announced the commencement of Phase 2 development of the Surat Gas Project in Queensland, Australia. Â
Deal News
ONGC receives Indian government nod for Rs183.65bn investment in OPaLÂ
India’s Oil and Natural Gas Corporation (ONGC) has received government approval for an additional investment of Rs183.65bn ($2.19bn) into ONGC Petro additions Limited (OPaL). Â
Industry News
Gasum reaches agreement with Equinor for bio-LNG bunkering operations
Gasum has reached an agreement with Equinor for bio LNG bunkering operations in the Nordic city of Stavanger.
Features
Explainer: prices rise as Ukrainian forces seize key Russian gas hub
Putin has declared a state of emergency as Russia’s only operational route to transport gas into Europe has been disrupted by Ukraine’s Kursk incursion.
Company News
Crown LNG plans new UK import terminal to enhance energy securityÂ
Crown LNG, a Norwegian infrastructure company, is planning to build a new liquefied natural gas (LNG) import terminal in the UK.
Analyst Comment
The US continues to be at the forefront of renewable refinery capacity additions by 2028
Global renewable refinery production capacity is expected to more than triple from 8,994 million gallons per year in 2024 to 27,486 million gallons per year in 2028.
Industry News
Petrobras reports $470m net loss in Q2 2024, below expectationsÂ
Brazil’s state-run oil giant Petrobras reported lower-than-expected results and decreased investment estimates, a significant drop from 2023.
Contract News
SBM Offshore contracted to build FSO unit for Woodside’s Trion oil projectÂ
SBM Offshore has been contracted to construct a floating storage and offloading (FSO) unit for the Trion deepwater oil project.