Indian state-owned oil refineries have halted their acquisitions of Russian crude oil in the last week, reported Reuters, citing sources familiar with the matter.
Aker BP has exercised the option to extend the contract with Saipem for the semi-submersible drilling unit Scarabeo 8 until 31 December 2027.
Energean, in partnership with INA has announced the FID for the development of the Irena gas field, situated offshore Croatia.
Santos has achieved a significant milestone for its Pikka phase one project with the safe arrival of critical processing modules at Oliktok Point, Alaska, US.
Uniper has entered into a long-term natural gas supply agreement with Tourmaline, which spans eight years starting from November 2028.
Nigeria is set to dominate Africa’s conventional refinery capacity additions, accounting for nearly 40% of the region’s capacity additions by 2030.
Chevron has been granted a restricted licence by the US to resume limited operations in Venezuela.
The Brazilian oil industry is facing a period of uncertainty as shipments to the US have been suspended following President Donald Trump’s announcement of a 50% tariff on Brazilian exports.
The CNOOC has announced the commencement of production at the Dongfang 1-1 gas field 13-3 Block Development Project.
China is poised to lead global MDI capacity additions by 2030, due to its manufacturing that relies on MDI for industrial applications.
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