Eni has kicked off Phase 2 of the Baleine field, offshore Ivory Coast. Said to be the largest discovery in the country and the first net-zero emission upstream project, production is poised to reach 60,000 bopd and 70 million cubic feet of associated gas. SourceContinue Reading
(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year. SourceContinue Reading
Sinopec has released the first sustainability report published by a Chinese company in Algeria, with the goal to establish a long-term, sustainable model and unity between oil and gas exploration, environmental protection and social progress. SourceContinue Reading
Flotek has provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency (EPA). The EPA’s proposed amendments, issued Dec. 20, address industry concerns on the complexity of flare monitoring and testing. SourceContinue Reading
Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero. SourceContinue Reading
(Bloomberg) – Carlos Slim, Latin America’s richest man, invested $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon. SourceContinue Reading
Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). SourceContinue Reading
(Bloomberg) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country. SourceContinue Reading
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. SourceContinue Reading
