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PetroReconcavo aims to sign direct gas supply contracts with Brazilian industrial clients
PetroReconcavo, the privately owned Brazilian company, has said it is looking to start signing natural gas supply contracts with industrial customers.
Turkey again delays 1,300 MW solar plants tender
Transocean holds naming ceremony for Deepwater Atlas drillship in Singapore
Transocean recently held a naming ceremony for its Deepwater Atlas drillship in Singapore. The company posted about the ceremony on LinkedIn this week, noting that the Deepwater Atlas was the world’s first eight-generation drillship.
ONGC weighs more bids for Russian assets despite rejection of first bid
India’s Oil and Natural Gas Corp. (ONGC) is reportedly considering placing more bids for oil and gas assets in Russia that are being abandoned by international oil companies (IOCs) in the wake of the war in Ukraine and sanctions against Russia.
Gorgon CCS project still operating at half-capacity
The carbon capture and storage (CCS) project serving the Chevron-led Gorgon LNG terminal in Australia continues to fall short of its performance targets.
S-Oil suffers explosion at South Korean refinery
South Korea’s S-Oil experienced an explosion at its Onsan refinery in the city of Ulsan on May 19.
Woodside shareholders back merger with BHP’s oil and gas unit
Shareholders in Australia’s Woodside Energy have approved the company’s merger with BHP’s oil and gas business, but the combined firm will now come under increased pressure over emissions.
Guyana announces first withdrawal of oil earnings from sovereign wealth fund
Guyana’s Senior Finance Minister Ashni Singh announced last week that the government had made its first withdrawal from the Natural Resource Fund (NRF).
Former energy minister urges Trinidad and Tobago to take creative approaches to economy
Kevin Ramnarine, the former energy minister of Trinidad and Tobago, stated in a LinkedIn post last week that he believed creative thinking would be necessary for the island state to overcome the decline in its economic growth.
Shale drillers anticipate headwinds, remain focused on returns despite high profits
High oil prices have helped shale drillers increase their profits in the first quarter of the year, but the industry remains cautious amid rising costs.
Mozambique parliament passes anti-terrorism law
Chinese refinery throughput down amid lockdowns
Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.
ConocoPhillips sues Alaska to prevent well data being made public
US-based ConocoPhillips has filed a lawsuit against the State of Alaska in a bid to prevent it from publicly releasing data associated with some of its wells on the North Slope.
BP, Linde team up on Texas CCS project
Super-major BP has formed a joint venture with industrial gas supplier Linde this week to develop a carbon capture and storage facility in Texas.
Diamondback to acquire remaining publicly owned Rattler units
US independent Diamondback Energy has struck a deal to acquire all of the publicly held common units in Rattler Midstream that it does not own already.
EIA forecasts record-high Permian oil output
The US Energy Information Administration is predicting oil output from the Permian Basin, which spans Texas and New Mexico, will jump by 88,000 barrels per day on May to hit a record 5.22mn bpd in June.
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