Russia to reduce oil production by three million bpd: IEA report
Sanctions against Russia will likely cause it to reduce oil production by nearly one-quarter, while refineries processing will also fall.
Source: offshore-technology.com
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BP, Eni agree to merge Angolan oil and gas operations
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.
Source: offshore-technology.com
Exxon looking to sell stakes in Bakken shale assets to slash costs
US-based Exxon Mobil is considering the sale of its North Dakota assets in the Bakken shale, Bloomberg News has reported.
Source: offshore-technology.com
Global fluid catalytic cracker capacity to reach 15.8MMbd by 2026
According to GlobalData, global FCC capacity is set to grow over the next years, with Asia and Africa leading additions globally.
Source: offshore-technology.com
Gazprom will receive North Sea gas from British group, in pre-invasion deal
London-listed company IOG made a deal with the Russian state-energy company months before President Putin invaded Ukraine.
Source: offshore-technology.com