Oil and Gas
Subsea7 to Lead Sépia 2 SURF Development in Brazil
Subsea7 will execute SURF for Sépia 2 at 2,170 m depth, integrating advanced engineering to optimize offshore costs and risks.
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Oil and Gas
Viva Energy secures EPBC approval for its FSRU in Geelong
Viva Energy’s FSRU terminal in Geelong clears the final federal regulatory hurdle and moves toward FID, with construction expected to start in 2026.
Oil and Gas
Aphrodite field: NewMed, Chevron and Shell sell 100 BCM to Egypt
The Aphrodite consortium signs a term sheet with EGAS to sell all production from the Cypriot field to Egypt for 15 years.
Oil and Gas
Eni’s CEO calls for relief after the technical limit on Russian gas supplies to Europe.
The fragility of maritime routes shows that the bloc has replaced its dependence on pipelines.
Oil and Gas
Vår Energi extends the service life of the Goliat field through 2050
The Goliat Gas Export project will increase oil production and enable gas exports from the Barents Sea.
Oil and Gas
BP prioritizes oil production and refining with a new structural reform
The corporation is moving away from its low-emissions division to focus on profitability through hydrocarbon production and refining.
Oil and Gas
Japan will allocate $10 billion to strengthen energy supply in Asia
Japan will allocate $10 billion to secure oil supply and strengthen energy security in Asia.
Oil and Gas
IEA evaluates releasing more oil reserves if the global energy crisis continues
The situation is aggravated by the naval blockade in the Gulf of Oman, a measure that restricts commercial flow and poses a latent risk…
Oil and Gas
IMF warns of global recession risk due to energy crisis
Central banks will be forced to maintain restrictive policies to contain inflation that is proving resistant to decline.
Oil and Gas
US Refineries Adjust Gasoline Blend for Summer RVP
The U.S. Energy Information Administration (EIA) analyzes how volatility (RVP) and octane dictate gasoline costs in the U.S. 95% of the market uses E10…
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