Iran aims to recover $1.75bn worth of oil stranded in Chinese ports
Iran is seeking to reclaim approximately 25 million barrels of its oil, valued at $1.75bn (IR73.65trn), which have been held …
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CB&I wins EPC contract for cryogenic tanks at Ruwais LNG project in UAE
Engineering company CB&I has secured a lump-sum contract for the engineering, procurement and construction (EPC) of two cryogenic tanks for …
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Arctic refuge oil and gas drilling auction sees no bids
The lease auction for oil and gas drilling in the Coastal Plain of Arctic National Wildlife Refuge (ANWR) in Alaska …
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Shell writes down $400m on unviable oil discovery in Namibia
Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected …
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The end of Ukraine-Russia gas transit deal: what lies ahead for Europe?
The advent of 2025 brought with it the end of a years-long gas transit arrangement between Ukraine and Russia, leaving …
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PakEnergy acquires Petrosight to enhance well life cycle management
PakEnergy, a business automation solutions provider for the energy industry, has acquired Petrosight, a well management software provider. This move bolsters …
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Salamanca FPU nears completion for deep-water project in Gulf of Mexico
LLOG Exploration Company, a privately-owned exploration and production company, is nearing first oil production from the Salamanca deep-water project in …
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Shandong Port bans US-sanctioned tankers from its ports
China’s Shandong Port Group has implemented a ban on US-sanctioned tankers from docking at its facilities, reported Reuters, citing three …
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China at the forefront of global polypropylene capacity additions through 2028
China is likely to register the highest polypropylene capacity additions globally by 2028, contributing about 45% of the total capacity …
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OPAL Fuels secures six-year RNG supply deal to support fuelling stations in US
Natural gas distribution company OPAL Fuels has secured an RNG supply agreement to construct five new fuelling stations in the …
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Flowco Holdings launches IPO, targets $1.9bn market value
Oil and gas services provider Flowco Holdings has announced the launch of its IPO to raise $392m by offering 17.8 …
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Serica Energy outlines plans for increased output in 2025
UK-based oil and gas company Serica Energy has disclosed its production figures for 2024 ahead of a detailed trading update …
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Austria’s OMV to supply Romanian gas from Black Sea project to Germany
Austrian oil and gas company OMV has finalised an agreement to supply natural gas from its Neptun Deep project in …
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Exploring the benefits of retrofitting automation in geotechnical exploration
From wind turbines receiving cargo by drone to unmanned drilling rigs producing oil, offshore operations are being automated. For geotechnical exploration …
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Suncor reports higher oil and gas production in Q4 2024
Suncor, the Canadian oil and gas company, experienced increased upstream production and higher refinery throughput in the fourth quarter of …
