PetroChina launches ethylene project in Xinjiang
The plant will produce 1.2 million tons of ethylene per year and will use photovoltaic energy from the Tarim deposit.
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India restricts its sailors’ routes through the Strait of Hormuz
India suspends new assignments of sailors to routes through Hormuz amid increased attacks on merchant ships.
JDR supplies an electrical umbilical cable to the Corrib gas field
JDR supplied an electrical umbilical cable to integrate underwater equipment in the strategic Corrib gas field.
Oil prices rise for a fourth day amid tensions between the US and Iran
Brent and WTI advance amid risk of oil disruptions in the Strait of Hormuz.
Aramco awards Halliburton contract to develop unconventional gas
Halliburton will deploy smart fracturing technologies to support Aramco's unconventional gas development in Jafurah.
Oil reaches monthly high due to tension in the Strait of Hormuz
The escalation of the conflict in the Middle East is driving up oil prices and increasing uncertainty about the global supply of crude.
Arabian Drilling will reactivate three offshore platforms in the Middle East.
Arabian Drilling will restart three offshore platforms and expects to recover its full marine capacity before the end of 2026.
Williams raises $5.34 billion and strengthens its energy strategy
Williams will develop five Power Innovation projects after securing a $5.34 billion investment led by Blackstone and other financial partners.
Aker Solutions will design Bellrock’s electrical infrastructure
Aker Solutions will evaluate the power transmission for the Bellrock floating wind farm, a 1.8 GW project off the coast of Scotland.
Chinese reduces its orders for Saudi crude amid risks in Hormuz
Several Chinese refineries are reducing their purchases for August as regional discounts and maritime risk disrupt Asian supply.
TotalEnergies sells its distributed solar power and focuses on large parks
TotalEnergies completes the sale of 170 MW of distributed solar assets in Europe to prioritize large-scale renewable projects.
JERA and Samsung C&T strengthen the hydrogen and ammonia supply chain in Asia
JERA and Samsung C&T will evaluate more resilient supply chains for the regional supply of hydrogen and low-carbon ammonia.