Company News
bp announces $7bn investment in Indonesia’s Tangguh UCC project
bp has announced an FID for the $7bn Tangguh Ubadari carbon capture, utilisation and storage (CCUS) and compression project (UCC).
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Company News
Ithaca Energy shares surge following $200m special dividend
Ithaca Energy’s shares rose after the British oil and gas producer announced a $200m special dividend following its merger with ENI UK.
Company News
MOL Group and KazMunayGas to explore oil and gas opportunities
MOL Group and Kazakhstan’s national oil firm, KazMunayGas (KMG), have opportunities within the oil, gas, and petrochemical industries.
Industry News
COP29: Arab Group opposes fossil fuel targets, igniting discussion
The 22-nation Arab Group, led by Saudi Arabia, has declared opposition to any UN climate agreement at COP29 that targets fossil fuels.
Company News
ExxonMobil to drill wells off Cyprus, diversifying Europe’s gas supply
ExxonMobil is set to commence drilling a new well off Cyprus in January 2025 as part of its natural gas exploration efforts.
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Company News
MCF Energy advances production testing at Welchau-1 well in Austria
MCF Energy has announced significant progress in the production testing of the Welchau-1 well, located in the ADX-AT-II licence area in Upper Austria.
Company News
Pending arbitration claims against Venture Global LNG grow to $6bn –report
Pending arbitration claims against US-based liquefied natural gas exporter Venture Global LNG have reached nearly $6bn.
Company News
Sinochem may retain three bankrupt refineries in China due to low auction interest
Sinochem Group is considering retaining three bankrupt oil refineries in eastern China after auctions to sell them attracted little interest.
Company News
Peru’s state-run oil company, PetroPeru, could open to private investors by 2025
PetroPeru’s chairman, Alejandro Narvaez, disclosed that the company is planning to offer a minority stake to private investors in the latter half of 2025.