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ExxonMobil Guyana Limited and its Stabroek block co-venturers, Hess Guyana Exploration Limited, and CNOOC Petroleum Guyana Limited, has announced that they reached a new production milestone of 900,000 barrels of oil daily. This achievement comes just months after the successful startup of Yellowtail, Guyana’s fourth offshore project, which has now achieved its initial annual average …

Daily oil production hits 900,000 barrels in Stabroek block Read More »

ADNOC has announced an extended multi-year partnership with Ethara to sponsor the Formula 1® Etihad Airways Abu Dhabi Grand Prix. As an Official Founding Partner since 2019, ADNOC will introduce The Race Within, its new F1 campaign that highlights the UAE’s spirit of performance, ambition and national pride. The campaign brings forward the discipline, focus …

ADNOC extends partnership for the Abu Dhabi Grand Prix Read More »

Plenitude has signed an agreement to acquire from Neoen, a leading renewable energy company, a portfolio of 52 operating assets, including 37 photovoltaic plants, 14 wind farms, and one operating battery storage facility, for a total of approximately 760 MW installed capacity located throughout France. The assets produce approximately 1.1 TWh of electricity annually. The …

Plenitude strengthens its presence in France Read More »

McDermott and its joint venture partner Chiyoda International Corporation (CIC) have signed a contract amendment with Golden Pass LNG Terminal LLC (GPLNG) for the completion of Trains 2 and 3 of the Golden Pass LNG Project in Sabine Pass, Texas. This contract amendment follows the amendment signed in November 2024 for the engineering, procurement and …

McDermott executes contract amendment for Golden Pass LNG Trains Read More »

ADNOC Technical Academy (ATA) has marked the graduation of 403 UAE National technicians equipped with foundational applied skills in artificial intelligence (AI) and robotics across the energy value chain, underscoring its role in developing a highly-skilled national workforce empowered to contribute to reinforcing ADNOC’s role as a reliable energy producer that enables national economic development. …

ADNOC technical academy celebrates graduation of 403 UAE nationals Read More »

TotalEnergies has announced the signing of an agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA. …

TotalEnergies accelerates gas-to-power integration strategy in Europe Read More »

Pengerang Biorefinery Sdn. Bhd., a joint venture between PETRONAS, Enilive S.p.A and Euglena Co., Ltd, marked a key milestone with the groundbreaking ceremony for the development of the new biorefinery in Pengerang, Johor, Malaysia. The biorefinery will have the processing capacity of up to 650,000 tonnes of renewable feedstock annually and is projected to produce Sustainable Aviation Fuel (SAF), …

Groundbreaking ceremony of new biorefinery in Malaysia Read More »

Wood, a global leader in consulting and engineering, has entered a strategic partnership with Kongsberg Digital to deliver full lifecycle digital twin solutions for industrial operations. The collaboration aims to improve the continuity of engineering data from project design to operations, helping operators make faster decisions and reduce start-up risk. The joint solution integrates Wood’s …

Wood and Kongsberg Digital partner to deliver lifecycle digital twin Read More »

Cenovus Energy Inc. has officially completed its acquisition of MEG Energy Corp., a move that significantly expands the company’s long-life, low-cost oil sands portfolio. The assets brought in through the transaction sit directly adjacent to Cenovus’s Christina Lake operation, creating what the company describes as a strong strategic and operational fit. The acquisition involved $752 …

Cenovus announces closing of MEG Energy acquisition Read More »

Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship of the field. Equinor has received a total payment of USD 2.33 billion for its 40% operated interest. After adjustment for a deposit paid by PRIO and cashflow received by Equinor after the …

Equinor transfers operatorship of Peregrino to PRIO Read More »