Indonesia expects the Abadi Masela Liquefied Natural Gas (LNG) project to generate around $37.8 billion in direct state revenue, Energy and Mineral Resources Minister Bahlil Lahadalia said.
Burckhardt Compression has completed the acquisition of Italy-based Fornovo Gas, strengthening its position in the growing biogas and compressed natural gas markets.
SLB has completed the acquisition of Sulzer’s Vessel Internal Electrostatic Coalescer (VIEC) technology, strengthening its production technologies portfolio. VIEC is used to enhance oil-water separation efficiency in production systems, helping operators manage increasing water volumes and sustain performance as assets mature.
Baker Hughes completed its acquisition of Chart Industries, creating a new industrial energy segment and expanding technology services. Chart’s $4.3 billion business serves customers in over 50 countries across key energy and industrial sectors.
bp and ConocoPhillips have agreed terms for ConocoPhillips to acquire a 42 per cent interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the redevelopment of several large-scale oil fields in the Kirkuk area of northern Iraq.
Terra-Gen has begun commercial operations at its 80MW Lockhart Solar PV IV project in California, expanding its renewable energy portfolio and generating enough electricity to power about 40,000 homes and businesses annually under a long-term supply agreement.
The European Investment Bank approved €17.4 billion ($20 billion) in financing, including €3.7 billion for clean energy projects, to boost Europe's energy security while supporting renewable energy, power grids and sustainable development across Europe and neighbouring countries.
Indonesia's mandatory B50 biodiesel programme is expected to save the country around Rp170 trillion ($10.8 billion) in foreign exchange in 2026, as the government accelerates efforts to strengthen energy security and reduce reliance on imported fuel.
Kuwait Petroleum Corporation (KPC) has announced that one of its oil facilities had been hit in "repeated Iranian attacks", causing significant damage and some injuries to firefighters and oil sector workers, according to the state news agency KUNA.
A power and water desalination station in Kuwait was damaged in an Iranian attack on Saturday, triggering a fire and forcing the temporary shutdown of many units, reported state media. Several firefighters and an worker were injured while battling fires at two sites targeted in the attacks.
