Page 14 - Offshore Technology News Today

Petrobras is nearing a deal to sell control of the Bolivia-Brazil natural gas pipeline to US-based private equity firm EIG Energy Partners.

The decision follows TotalEnergies’ exit from the project, though it could mean the country’s junta receives an increased stake in the field.

After the EU, US, and UK announced plans to minimise Russian oil and gas use, where will the allies source their energy?

Private equity firm EnCap Investments is considering the sale of its company Ameredev II, a US-based oil producer, reported Reuters.

BP and Italy’s Eni have agreed to form a new 50:50 joint venture (JV), Azule Energy, by combining their oil and gas operations in Angola.

Italy is planning to purchase additional gas from Angola and the Congo Republic to reduce its dependence on Russia amid the Ukraine crisis.

US-based Exxon Mobil is considering the sale of its North Dakota assets in the Bakken shale, Bloomberg News has reported.

According to GlobalData, global FCC capacity is set to grow over the next years, with Asia and Africa leading additions globally.

The nation’s energy export infrastructure is reportedly at or near capacity, though talks as to whether this could be increased are underway.

Global liquids storage capacity grew to 1,457,328Mcm in 2021 and is set to grow more by 2026, with China and India leading from 2016 to 2021.