Saipem has secured two offshore contracts in Saudi Arabia worth about $400 million under an existing long-term agreement with Saudi Aramco.The contracts, known as Contract Release Purchase Orders, relate to work at the Safaniya oil field, one of the world’s largest offshore oil fields.
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.
The Metropolitan CCS joint venture, which includes INPEX and Kanto Natural Gas Development, has received approval to conduct offshore drilling for carbon capture and storage (CCS) off Japan’s Chiba
Toyo Engineering Corporation has signed a memorandum of understanding with OneSubsea to explore collaboration in subsea carbon capture and storage (CCS) projects.
Japan said on Wednesday it would set up a financial framework worth about $10 billion to help Asian countries secure energy resources as the Middle East conflict has intensified competition to
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows
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