Page 3 - Area Systems News Today

GlobalData’s latest report says that the Asia refinery condensate splitter unit capacity increased from 1,488mbd in 2016 to 1,569mbd in 2021.

Shell has agreed to acquire a 100% stake in the North East El-Amriya offshore area, also known as block 3, in Egypt from ExxonMobil Egypt.

Japex, through its subsidiary Japex (U.S.) (JUS), plans to invest nearly $500m to develop tight oil interests in the southern US.

The government of Norway has ruled to increase Skarv gas production, as part of its efforts to meet European energy demands.

US-based Caerus Oil and Gas is considering a sale that could value it at over $2.5bn, including debt, Reuters has reported.

Woodside has partnered with ReCarbon and LanzaTech to assess the viability of a carbon capture and utilisation (CCU) project, in Australia.

The Ukraine crisis threatens to increase rising inflation, in turn hurting oil demand and investments, according to OPEC.

Italy is considering increasing gas supplies from Algeria to reduce its reliance on gas imports from Russia in the wake of Ukraine crisis.

The latest report by respected climate research group IPCC conclusively outlines global warming’s impacts on world energy generation.

ConocoPhillips has acquired an additional 10% stake in the Australia Pacific LNG (APLNG) project, from Origin Energy, for $1.645bn.