Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project in Abidjan, Côte d’Ivoire, marking a milestone in the development of the largest hydrocarbon discovery ever made in the country.
Aramco and Petronas signed an agreement for Petronas to acquire Aramco’s equity stakes in Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem), located within the Pengerang Integrated Complex in Johor, Malaysia.
China’s installed power-generation capacity rose 14.2 per cent year-on-year to 3.99 billion kW by April-end, led by strong renewable growth, with solar capacity jumping 26.2 per cent to 1.25 billion kW and wind power increasing 22 per cent to 660 million kW.
ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.
Two liquefied natural gas tankers passed through the Strait of Hormuz on Monday ( May 25) heading to route to Pakistan and China, while a supertanker carrying Iraqi crude for China departed the Gulf on Saturday after being stranded for nearly three months, according to shipping data cited by Reuters.
Seven leading producers in the Opec+ are likely to agree to a modest increase in July oil output when they meet on June 7, despite ongoing supply disruptions linked to the Iran war, four sources told Reuters.
Turkey’s state-owned energy company BOTAS has signed a memorandum of understanding with Italian energy firm Edison to explore potential cooperation opportunities in natural gas and liquefied natural gas (LNG), the companies said.
Arabian Pipes Company (APC) has announced the signing of a contract with Saudi Aramco for the manufacturing and supply of steel pipes, with a total value of around SR48 million ($12.83 million).
STATS Group has announced a major expansion of its North American operations with the opening of a new 80,000 sq. ft manufacturing facility in Rosenberg, Texas — its first dedicated production site in the US and the largest capital investment in the company’s history.
Eni signed three long-term LNG agreements in Indonesia covering South Hub and North Hub projects in the Kutei Basin, securing about 2 MTPA supply via Bontang LNG facilities.
