Tag: #OilAndGas
Eni and PETRONAS sign investment agreement
Eni and PETRONAS will form a new joint company managing 19 upstream assets in Indonesia and Malaysia, investing USD 15 billion over five years to develop new oil and gas projects.
China’s lacustrine shale oil demonstration zone surpasses 5 million tons
CNPC’s Jimsar Shale Oil Demonstration Zone in Xinjiang has produced over 5 million tonnes of oil, setting records in drilling speed and automation. It marks China’s progress in ultra-deep shale oil extraction and digital oilfield operations.
Allseas awarded contract by Aster Chemicals & Energy
Allseas secures a contract from Aster Chemicals & Energy for rejuvenation of subsea and mooring infrastructure on Singapore’s Bukom Island — part of wider upgrades to the nation’s refining hub.
ExxonMobil starts first-of-its-kind technology in Singapore
ExxonMobil has commissioned new facilities on Jurong Island that convert crude oil residues into higher-value products, adding 20,000 bpd Group II base stocks capacity. Used in engine oils, gear oils, and marine oils – driving stainless steel demand in refining and process equipment.
Marco Polo Marine adds two new AHTS vessels
Marco Polo Marine is adding two AHTS vessels (USD 34M) to support offshore O&G and wind projects in Southeast and Northeast Asia. Both vessels feature advanced DP2 and firefighting systems, requiring stainless steel in marine/offshore applications.