Deal News
Brazilian companies Enauta and 3R Petroleum complete merger
Enauta and 3R Petroleum have successfully completed their merger, a strategic move that consolidates their positions in the Brazilian oil and gas sector.
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Industry News
Shell’s “solid” adjusted earnings hit $6.3bn for the quarter
Shell has revealed $6.29bn in adjusted earnings in the second quarter, above analysts’ forecasts as LNG portfolio delivers results.
Industry News
South Korea scraps LNG terminal projects amid weakening demand, says energy institute
The IEEFA’s analysis has revealed a growing disparity between planned LNG import infrastructure and expected demand.
Company News
BP partners with Indonesia’s ITB to enhance CCUS research and development
bp has partnered with the Bandung Institute of Technology (ITB) to further research and development in CCUS in Indonesia.
Deal News
Petrobras, CNOOC and Petrochina major winners in Brazil’s oil auction
Petrobras, China National Offshore Oil Corporation (CNOOC), and Petrochina emerged as the major winners in the latest oil auction.
Deal News
WhiteWater and partners announce FID for Blackcomb Pipeline
Energy infrastructure company WhiteWater and its partners have reached a final investment decision (FID) for the Blackcomb Pipeline.
Industry News
DOE tops up Strategic Petroleum Reserve, replaces 180 million barrels
The US has restocked its Strategic Petroleum Reserve, having drained it in 2022.
Deal News
Eni and SOCAR sign MOU to explore energy projects and transition collaboration
Eni has entered into a memorandum of understanding (MoU) with SOCAR, Azerbaijan’s state-owned oil and gas company.
Industry News
Indian Oil’s net profit plunges more than 80% in Q1 2024, as low margins take toll
The state-owned company’s revenue from operations was $25.79bn in Q1 2024, marking a decrease from $26.4bn during the same period last year.
ADNOC
ADNOC uses AI to increase oil production at SARB field by 25%
The state-owned company is aiming to grow its production capacity to 5m barrels of oil per day (mmbl/d) by 2027.