Chevron Lummus Global (CLG) has announced the addition of Fischer-Tropsch (FT) liquid upgrading solutions to its portfolio, enabling the company to license and deliver technologies for converting FT-derived liquids from a wide variety of feedstocks.
TotalEnergies (48 per cent, operator) has started up the Lapa South-West project in Brazil’s Santos Basin. Three wells tied to the existing Lapa FPSO will boost the field’s production by about 25,000 barrels per day.
US President Donald Trump has announced plans for what he described as a $300 billion refinery investment in Texas backed by India’s Reliance Industries, calling it the first new oil refinery to be built in the United States in nearly 50 years and a major step toward restoring American energy dominance.
Tensions in the Gulf escalated sharply after reports that Iran had begun laying naval mines in the strategically vital Strait of Hormuz, prompting warnings from President Donald Trump and US military strikes against suspected mine-laying vessels.
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported.
Adnoc Drilling says it is monitoring regional developments and coordinating with UAE authorities to safeguard people, facilities, and operations. Business continues as normal, with no material impact on operations or finances.
Plenitude, controlled by Eni, and Methagora signed a 15-year deal for 50 GWh of biomethane annually from French agricultural sources, supporting France’s Biomethane Production Certificates (BPC) scheme.
Saudi Arabia's oil shipments via the Red Sea are on course to hit record highs in March although they are still far below the levels needed to compensate for the drop in flows from the Strait of Hormuz, shipping data showed.
Iran’s attacks on GCC countries, and the resulting closure of airspace and main shipping route, are unlikely to affect the existing ratings of state-owned companies in the region. This reflects the strong likelihood that the governments will support their key operating companies, according to Fitch Ratings.
Abu Dhabi authorities are responding to a fire that broke out at a facility in the Ruwais Industrial Complex, caused by a drone attack. No injuries have been reported at this time, said Abu Dhabi Media office in a X post.
