Industry News
Germany blocks oil carbon credits over Chinese fraud concerns
Upstream Emission Reduction projects relate to production before raw material for hydrocarbons reach a refinery or storage facility.
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Industry News
Major oil and gas reserve found in Pakistan’s watersÂ
A major discovery of oil and natural gas reserves has been made in Pakistan’s territorial waters, reported a local publication Dawn.  Â
Contract News
Deep Industries secures production enhancement operations contract from ONGCÂ
Deep Industries, a provider of integrated solutions for oil and gas field operations, has announced a contract win from India’s ONGC. Â
Industry News
Ministers request maintenance delay on Kazakhstan giant oil fieldÂ
Energy Ministers in Kazakhstan have requested that planned maintenance on the Kashagan oil field be delayed due to risk of winter gas shortages.
Company News
Eni and SOCAR sign energy security, emission reduction and biofuel production MOUsÂ
Italian oil and gas company Eni and Azerbaijan’s state energy company SOCAR have announced the signing of three MOUs.Â
Gas
Sanctioned Russian tanker heading to new LNG facility to pick up load
Everest Energy is heading to a newly completed gas facility in Northern Russia, the fourth cargo of LNG to be loaded from the terminal.
Industry News
OPEC+ extends oil output cut agreement for two more months
The OPEC+ alliance has agreed to extend the current oil output cuts for an additional two months.
Company News
Exxon eyes start-up of first Gulf Coast carbon capture project in 2025Â
Exxon Mobil is poised to commence its inaugural Gulf Coast carbon capture project next year, reported Bloomberg.  Â
Deal News
Aramco and ADNOC among suitors for Shell’s downstream business in South AfricaÂ
Saudi Aramco, ADNOC, and Trafigura are among the entities vying to acquire Shell’s service stations in South Africa, reported Bloomberg.
Deal News
Oil majors back carbon capture technology start-up Mantel CaptureÂ
Mantel Capture, a US-based carbon capture technology startup, has raised $30m in a Series A funding round co-led by Shell and Eni.