http://www.euro-petrole.comLes dernières nouvelles du site EuropétrolefrEuropétrole29824http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29824Fri, 13 Mar 2026 00:00:00 +0100
The transaction is subject to the satisfaction of relevant conditions precedent. The transfers of both projects are subject to government approvals and the satisfaction of contractual conditions with certain project partners.

JERA will maintain a strong presence in key Australian LNG projects and as part of its responsibility to help ensure Japan’s ongoing energy security, will continue to procure LNG from both the Gorgon and Ichthys LNG projects following completion of the corporate transactions.

JERA remains committed to its Australian LNG portfolio and will concentrate on its biggest Australian assets, including:

  - A long standing investment in Chevron’s Wheatstone LNG Project in Western Australia, managed via PE Wheatstone Pty Ltd;
  - The Barossa Gas Project – newly online, and operated in the Northern Territory by Santos Limited; and
  - The Scarborough gas field development project - due to start production in H2 2026 and operated by Woodside Energy in Western Australia.

JERA Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Mr Ryosuke Tsugaru, said:

“JERA, through its founding shareholders Tokyo Electric Power Company and Chubu Electric Power, has participated in seven LNG and gas projects in and around Australia, beginning with the Darwin LNG Project. Since its establishment in 2017, JERA Australia has been responsible for managing and developing LNG projects in the region on behalf of the JERA Group.”

“Australia remains strategically important to JERA as a trusted and reliable supplier of LNG and JERA looks forward to many more years of energy security for Australia, Japan and the region.”

“While we continue to optimize JERA’s asset portfolio, there is no question that both projects have played - and continue to play - a vital role in ensuring the stable supply of LNG and generation of electricity in Japan.”

JERA and MidOcean are also planning future collaborations, exploring further transactions and opportunities across other assets globally.

Mr. R. Blair Thomas, MidOcean Chairman and EIG CEO, said:

“This transaction advances MidOcean’s strategy to build a scaled, globally diversified LNG company anchored by high-quality assets and counterparties. Increasing our position in Gorgon enhances the quality and durability of our portfolio while expanding our equity exposure to one of the industry’s benchmark LNG projects. Looking ahead, our collaboration with JERA, including exploring the establishment of a strategic alliance, positions us to pursue additional high-quality opportunities in a disciplined and repeatable way.”

About JERA

JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally.In support of a responsible energy transition, JERA aims to achieve net-zero CO₂ emissions from its domestic and overseas businesses by 2050.

About MidOcean Energy

MidOcean Energy, an LNG company formed and managed by EIG, seeks to build a diversified, resilient, cost- and carbon-competitive global LNG portfolio. It reflects EIG’s belief in LNG as a critical element of a lower carbon, competitive and more secure global energy system. MidOcean Energy has diverse LNG interests, including in LNG Canada, Gorgon LNG, Pluto LNG, QCLNG and Peru LNG. The company is headed by De la Rey Venter, a 27-year industry veteran who has held a variety of senior executive roles, including Global Head of LNG for Shell Plc.

About EIG

EIG is a leading institutional investor in the global energy and infrastructure sectors with $25.4 billion assets under management as of December 31, 2025. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 43-year history, EIG has committed over $53.4 billion to the energy sector through 425 projects or companies in 44 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.]]>29823http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29823Fri, 13 Mar 2026 00:00:00 +0100
Worley will provide FEED engineering across the full Aphrodite Field development, including a portion of the subsea systems, the floating production unit, the export gas pipeline and onshore receiving facilities. Worley will also provide procurement services for Chevron Cyprus’ purchase of equipment associated with the floating production unit and onshore facilities.

This contract builds on Worley’s pre‑FEED work for the project.

Worley will be executing the work through its Global Integrated Delivery model and will be leveraging expertise from teams across five countries.

“We are pleased to continue our long‑standing relationship with Chevron, drawing on our global gas development expertise and global integrated delivery model to support the progression of this strategically important energy project,” said Chris Ashton, Chief Executive Officer of Worley.

About Worley

Worley is a leading global professional services company of energy, chemicals and resources experts. With around 45,000 employees in 44 countries, we partner with customers to deliver projects and create value over the life of their assets. We’re bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now.

About Chevron

Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new energies businesses.]]>29822http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29822Fri, 13 Mar 2026 00:00:00 +0100
The proposed acquisition would bring the specialized technologies and R&D strengths of Envirex Group AS into SLB OneSubsea's global technology portfolio. The transaction is expected to accelerate the deployment of new technology solutions, while expanding the range of innovative services available to customers worldwide at a time when demand for efficient, next-generation subsea solutions continues to grow.

"This agreement represents a natural next step in a collaboration that has developed over more than a decade,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “Once completed, the transaction would strengthen our technology portfolio and enhance the value we deliver to our customers."

The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions.

Key points

  - SLB OneSubsea has entered into an agreement to acquire the subsea business of Envirex Group AS. As a result of the transaction, Envirex Group AS and their subsea business would become part of SLB OneSubsea.
  - The proposed transaction is expected to accelerate the deployment of new subsea solutions
  - The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About SLB OneSubsea

SLB OneSubsea is driving a new subsea era leveraging digital and technology innovation to optimize our customers’ oil and gas production, reduce emissions in subsea operations, and unlock the large potential of subsea solutions to shape a sustainable energy future. SLB OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world.]]>29820http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29820Fri, 13 Mar 2026 00:00:00 +0100
First LNG Cargo provides a comprehensive validation of the overall process scheme, engineering integrity and the performance of critical equipment. The core liquefaction technology package and its ICSS system have been proven under live gas conditions, with key equipment operating steadily within the design envelope — demonstrating Wison's capabilities in complex system integration and commissioning/start-up execution management.

Following the “35 months from the contract award to start-up” record, NGUYA FLNG achieved first cargo offshore Pointe-Noire — highlighting the efficiency of Eni’s fast track development model and end-to-end strength of Wison’s one-stop EPCIC capability for large-scale floating energy projects.

Notably, Wison New Energies and Eni have recently signed an Operations and Global Maintenance Services (O&M) contract for the NGUYA FLNG, extending the collaboration beyond project delivery and start-up into the operations and maintenance phase, and further strengthening Wison’s full-lifecycle service portfolio and capability.

Looking ahead, Wison New Energies will remain committed to safety, quality and delivery excellence, partnering with stakeholders to support stable operations and ramp-up, and create long-term value for global partners.

About Wison New Energies

Wison New Energies, a leading provider of clean energy technology and solution, is committed to bringing integrated EPCIC solutions to the global energy sector. Our product portfolio covers floating LNG facilities, standardized LNG plants module, floating wind power and other clean energy solutions.
Building upon proven track records, our experienced teams apply the wealth of expertise and leverage two world-class yard facilities in China to deliver fabrication services complying with the highest of international quality and safety standards.

About Eni

Eni is a global energy tech company operating in 64 Countries, with about 32,500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers.
In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.]]>29821http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29821Fri, 13 Mar 2026 00:00:00 +0100
Petrofac plans to conclude the sale of the Asset Solutions business to CB&I in the shortest possible timeframe. The sale represents the outcome of a lengthy market testing process and the administrators of Petrofac Limited believe that the transaction is on the best possible terms that can be achieved for all creditors including HMRC.

Petrofac has today asked HMRC to confirm that they will not further challenge the CVA, as ongoing appeals may further delay completion of the transaction. Petrofac is also seeking the support of both the UK and Scottish government to facilitate the swift completion of the sale to CB&I, for the benefit of all stakeholders.

Tareq Kawash, Group Chief Executive, said:

"The CVA is required for CB&I’s acquisition of Petrofac Asset Solutions to proceed as planned, securing a positive future for the business and its 3,000 employees, and we are grateful that the Court has moved swiftly to reject HMRC’s challenge. After many months of uncertainty, time is of the essence to complete the sale to CB&I - an established industry player that will provide an excellent home for Asset Solutions and represents the best outcome for all stakeholders."

About Petrofac Asset Solutions

Petrofac Asset Solutions is a leading provider of operations, maintenance and decommissioning services for onshore and offshore energy assets, globally. Its differentiated integrated services offering unlocks value at every stage of the life cycle.

About CB&I

CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 135+ year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is owned by a consortium of financial investors led by Mason Capital Management LLC.]]>29819http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29819Thu, 12 Mar 2026 00:00:00 +0100
Dans ce contexte, TotalEnergies tient à rappeler sa politique transparente de fixation des prix qui consiste à répercuter sans délai toute fluctuation à la baisse, comme à la hausse, des cours internationaux du diesel et de l’essence.

En outre, afin de protéger ses clients en France face à ce choc pétrolier mondial, TotalEnergies annonce une nouvelle mesure, en place jusqu’à fin mars, en s’engageant :

  - à plafonner le prix de l’essence à 1,99 €/L ;
  - à plafonner le prix du diesel à 2,09 €/L.

La mise en place du plafond sur le prix du diesel va bénéficier immédiatement aux clients de 1 830 stations parmi les 3 300 stations du réseau TotalEnergies en France.

Enfin, les clients TotalEnergies Electricité & Gaz inscrits à « l’avantage carburant » bénéficieront d’un plafond privilégié à 1,99 €/L, quel que soit le carburant, pour toute l’année 2026. Cette mesure sera également valable pour tous les nouveaux clients particuliers qui souscriront un contrat d’électricité et/ou de gaz chez TotalEnergies.

L’ensemble de ces mesures s’appliquera à compter du 13 mars dans toutes les stations TotalEnergies du territoire métropolitain, y compris sur les autoroutes et dans les zones rurales.

TotalEnergies réévaluera la situation des marchés pétroliers mondiaux début avril.

À propos de TotalEnergies

TotalEnergies est une compagnie multi-énergies intégrée mondiale de production et de fourniture d’énergies : pétrole et biocarburants, gaz naturel, biogaz et hydrogène bas carbone, renouvelables et électricité. Nos plus de 100 000 collaborateurs s'engagent pour fournir au plus grand nombre une énergie plus abordable, plus disponible et plus durable. Présente dans environ 120 pays, TotalEnergies inscrit le développement durable au cœur de sa stratégie, de ses projets et de ses opérations.]]>29818http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29818Thu, 12 Mar 2026 00:00:00 +0100
Dans un premier temps et sous l'impulsion de la France via le G7, l'action internationale de l’AIE afin de libérer les stocks stratégiques de pétrole a contribué à la détente des cours mondiaux.

Dans un second temps et en réponse à la demande du Gouvernement, les distributeurs ont partagé ce jour leurs engagements visant à répercuter au plus tôt la baisse des cours du baril et à diminuer immédiatement les prix des carburants au bénéfice des consommateurs. Les distributeurs ont soumis deux types d’engagements concrets : des plafonnements de prix pour certains et des baisses significatives pour d’autres.

L’État continuera d’assurer, par les contrôles de la DGCCRF, la loyauté et la transparence des prix pratiqués afin que la libre concurrence et l’information des consommateurs soient garanties sur l’ensemble du territoire. Cette vigilance permettra aux consommateurs de profiter réellement de ces baisses.

Une mobilisation diplomatique pour contribuer à la stabilisation des marchés

À la demande du président de la République, la France a pris l'initiative depuis ce lundi d'organiser un G7 Finances, un G7 Énergie ainsi qu’un G7 au niveau des chefs d’États. C’est cette mobilisation diplomatique qui a permis d'aboutir, en lien étroit avec l’Agence internationale de l’énergie (AIE), à la décision coordonnée de libérer jusqu’à 400 millions de barils issus des stocks stratégiques. Cette mesure contribue à la stabilisation du marché des carburants raffinés dans un contexte de forte volatilité.

Des engagements concrets des distributeurs

En parallèle de cette action internationale, et à la demande du Premier ministre, les ministres Roland Lescure, Serge Papin et Maud Bregeon ont demandé aux distributeurs de se mobiliser pour que les prix à la pompe reflètent, dans un délai rapide, les baisses des cours mondiaux.

Lors de la réunion de ce jeudi 12 mars et pour répondre à l'urgence du pouvoir d'achat, les distributeurs ont présenté leurs propositions concrètes : des plafonnements de prix pour certains et des baisses significatives allant de 10 à 30 centimes par litre pour les autres.

Le Gouvernement salue cette décision de responsabilité prise par l’ensemble des acteurs dans cette période particulière d’inquiétude.

Assurer la parfaite information du consommateur et la transparence des prix

Pour que ces engagements pris par les distributeurs puissent profiter pleinement au consommateur, une attention constante sera portée à ce que l’évolution des prix à la pompe reflète fidèlement celle des coûts de marché. À ce titre, le Gouvernement maintient et renforce son exigence de transparence. Dans la continuité des annonces du Premier ministre, la DGCCRF maintiendra un niveau de contrôle significatif.

L’ensemble de cette mobilisation à la fois internationale et des acteurs économiques en France permet d'agir directement pour le pouvoir d'achat des Français.]]>29817http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29817Thu, 12 Mar 2026 00:00:00 +0100
The safety and security of SLB’s employees is the highest priority, and the company has activated local and regional crisis response teams that are meeting daily. Travel to and transit through the region have been suspended, and the company has begun to demobilize operations in a few countries in response to customer actions to safeguard personnel and facilities. These measures will continue as long as necessary until the environment in the region has stabilized. SLB is working closely with local authorities and its customers to monitor the situation and will begin a phased resumption of full activity as conditions allow.

SLB revenue for the first quarter will be lower than expected, and the company expects to incur additional costs resulting in an impact of approximately 6-9 cents of earnings per diluted share for the first quarter. Given the dynamic nature of the environment, these factors could change, and we will continue to closely monitor developments and their impact.

Despite these near-term disruptions, SLB remains confident in the underlying resilience of its global business, including the Middle East. The company has dealt with numerous geopolitical crises throughout its 100-year history and has deep experience navigating these challenges while remaining focused on serving its global customer base.

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.]]>29816http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29816Thu, 12 Mar 2026 00:00:00 +0100
PETRONAS is the operator of the North Ketapang PSC with a 51 per cent participating interest, while Earthon North Ketapang Pte. Ltd. holds 34 per cent participating interest, and PT. Pertamina Hulu Energi North Ketapang holds 15 per cent participating interest.

The Barokah-1 well was spudded on 30 November 2025 and successfully drilled to a true vertical depth subsea of 3,315.3 metres. Further studies will be undertaken to fully evaluate the well results and determine the discovery’s potential.

PETRONAS Vice President of Exploration, Ahmad Faisal Bakar, said the discovery reinforces PETRONAS’ long-standing presence in East Java.

“The Barokah-1 discovery reinforces the compelling exploration potential we continue to see in the Northern Madura region, East Java. This encouraging result deepens our understanding of the basin’s prospectivity and strengthens PETRONAS’ drive for disciplined growth and to mature opportunities that can contribute to East Java’s durable energy landscape.”

This milestone complements the momentum of the ongoing Hidayah Development Project from the North Madura II PSC, which reached Final Investment Decision (FID) in October 2024 following an oil discovery in 2021.

President Director of PETRONAS North Ketapang Sdn. Bhd., Yuzaini Md Yusof, expressed his appreciation for the strong support received from stakeholders throughout the exploration activities.

“We are grateful to the Government of Indonesia and partners for their collaboration in enabling the drilling programme’s success, as we pursue responsible upstream growth that contributes to Indonesia’s energy sector.”

Beyond the North Ketapang PSC, PETRONAS operates the Ketapang, North Madura II, and Serpang PSCs offshore East Java, as well as the Bobara PSC offshore West Papua, and holds participating interests in six PSCs located onshore and offshore Sumatra, the Natuna Sea, East Java, and East Indonesia.

About Petronas

Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.]]>29815http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29815Thu, 12 Mar 2026 00:00:00 +0100   - The new Delayed Coker Unit (DCU) eliminates the need to import vacuum gas oil (VGO), and the share of diesel in total production is expected to increase by approximately 30 percent.
  - INA and MOL Group have ensured the long-term sustainable operation of the Rijeka Refinery, strengthening the energy stability of Croatia and the wider region.
  - INA and the Ministry of Economy of Croatia have signed a grant agreement of up to EUR 15 million for the construction of a green hydrogen production plant at the refinery.

INA has marked the completion of the Rijeka Refinery Upgrade Project. The modernization involved an investment of nearly EUR 700 million, representing the largest single investment in INA’s history and one of the biggest industrial investments in modern Croatia.

With the completion of the construction of the Delayed Coking Unit and associated facilities, the installed processing capacity of the Rijeka Refinery will reach up to four million tons of crude oil per year, as it will now be able to process a broader range of crude, including heavier grades. The key advancement lies in production optimization: the new unit enables significantly higher yields of high-value products from the same amount of crude oil. It is expected that the share of diesel in total production will increase by around 30 percent, which is of strategic importance to the market, especially during the peak tourist season in Croatia.

Production will no longer require the import of vacuum gas oil (VGO), which is on European market predominantly of Russian origin. This further enhances Croatia’s energy security and reduces dependence on imported raw materials.

The ceremony marking the completion of the refinery modernization was attended by representatives of the Government of the Republic of Croatia, the Government of Hungary, ambassadors from several countries, representatives of regional and local communities, and the management of INA and MOL Group. Prior to the ceremony, a Grant agreement was signed with the Ministry of Economy under the National Recovery and Resilience Plan for the construction of a green hydrogen production plant at the Rijeka Refinery, signalling further investments in sustainable development.

Zsuzsanna Ortutay, President of the Management Board of INA, emphasized that the refinery upgrade project represents a strategic milestone for the company: “We will now be able to utilize every barrel of crude oil more efficiently and remain competitive for many years to come. The benefits of this project extend beyond the refinery’s boundaries. For Croatia and the region, it means greater energy security, more stable supply for our customers, and a stronger position for INA as a regional supplier. Moreover, the project is a powerful driver of economic growth and local community development. A modern facility like this will support our transition to a lower-carbon economy. INA is already implementing renewable energy projects, and by the end of the year, a commercial green hydrogen production plant will be built here on site, the first of its kind in Croatia.”

Ante Šušnjar, Minister of Economy of Croatia emphasized the importance of the project for Croatian and regional energy security: “The commissioning of the Delayed Coker Unit at the Rijeka Refinery marks a significant step forward in strengthening Croatia’s energy security and industrial sector. In times of geopolitical instability, robust and reliable energy infrastructure ensures safer supply, a more stable market, and a more resilient economy. We expect the Rijeka Refinery to operate stably, sustainably, and at full capacity, benefitting Croatia’s economy, energy system, and our partners in the region. Croatia will continue to bolster its energy infrastructure and capacities, as a strong energy system leads to a stronger economy, greater national resilience, and enhanced security for our citizens and economy.

Levente Magyar, Deputy Minister of Foreign Affairs and Trade of Hungary, stressed that this is about common energy security: “This is a great day for Croatia. This is a great day for Hungary. This is a great day for the energy security of our region because we deeply believe that energy security in this region is indivisible. Croatia cannot have energy security without Hungary having energy security, and Hungary cannot have energy security without Croatia. And this great investment of historical proportion embodies this indivisibility and will be a guarantor of our joint energy security, especially in these troubled times. This is a historical step in the right direction of reinforcing our joint and common energy sovereignty and energy security.”

The Rijeka Refinery upgrade is part of a long-term investment cycle, during which INA and MOL have invested more than EUR 1.3 billion in modernizing refinery and logistics infrastructure in last 12 years.

József Molnár, CEO of MOL Group, highlighted: “Today marks the beginning of a new chapter in INA’s refining activities. We have completed the construction phase of the largest industrial investment project ever undertaken by INA and by Croatia. But the work is only just beginning. The global energy market remains fragile, so we must do everything possible to ensure high productivity and make Rijeka one of Europe’s most efficient refineries. Our interest is clear: we want a strong INA. And a strong INA means a stronger Croatia, a more reliable energy supply for the region, and a stronger MOL Group.”

The scale of this engineering and construction achievement is best illustrated by the figures behind the new refinery landscape. More than 10,000 tons of steel were used in the construction of new units, equivalent to nearly one and a half Eiffel Tower structures. The project consumed 60,000 cubic meters of concrete, enough to build a medium-sized soccer stadium. More than half of the work, valued at nearly EUR 700 million, was carried out by domestic contractors. With the completion of the project, INA has secured long-term sustainable refinery operations in Rijeka, continuing to significantly contribute to economic growth, development, and employment stability throughout the wider Rijeka area.

About green hydrogen project

With the aim of diversifying its traditional portfolio with renewable energy sources, INA is investing over EUR 60 million in the construction of a green hydrogen production and distribution plant at the Rijeka Refinery. Alongside a 10 MW electrolyzer, an accompanying 11 MW solar power plant will be built. The green hydrogen produced will be intended for the market, primarily for transportation, and can also be utilized in the refinery’s own production processes. Completion of the works is planned for the end of 2026, with the first molecules of green hydrogen expected to be produced in 2027. The grant agreement under the National Recovery and Resilience Plan, for up to EUR 15 million, was signed on behalf of INA by the President of the Management Board Zsuzsanna Ortutay and Management Board member Hrvoje Šimović, together with Minister of Economy Ante Šušnjar and Director of the Environmental Protection and Energy Efficiency Fund Luka Balen.

About MOL Group

MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years. MOL Group operates three refineries and two petrochemical plants under integrated supply chain-management in Hungary, Slovakia and Croatia, and owns a network of almost 2400 service stations across 10 countries in Central & South-Eastern Europe. MOL’s exploration and production activities are supported by more than 85 years’ experience in the field of hydrocarbons and 30 years in the injection of CO2. At the moment, there are production activities in 8 countries and exploration assets in 9 countries. MOL is committed to transform its traditional fossil-fuel-based operations into a low-carbon, sustainable business model and aspires to become net carbon neutral by 2050 while shaping the low-carbon circular economy in Central and Eastern Europe.]]>29814http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29814Thu, 12 Mar 2026 00:00:00 +0100   - The start-up will add production of 25,000 gross barrels of oil per day at plateau.
  - Brazil is a key country in Repsol’s global E&P portfolio, which focuses on core growth areas and has a strong track record of bringing new projects into production.

Repsol, through the joint venture Repsol Sinopec Brazil and in consortium with TotalEnergies and Shell, has started producing oil at Lapa Southwest, located in the Santos Basin, approximately 300 kilometers offshore Brazil.

Lapa Southwest will add 25,000 gross barrels of oil per day at plateau, raising total production of the Lapa field to around 60,000 gross barrels per day. Repsol Sinopec Brazil holds a 25% working interest in the project, with TotalEnergies (operator) holding 48% and Shell 27%, respectively.

The development of the project consists of the subsea tie-back of three wells to the Lapa Floating Production, Storage and Offloading (FPSO) unit, enabling the development of additional reserves while leveraging the available capacity of the existing Lapa FPSO.

“The start-up of Lapa Southwest is another example of our strong track record of efficient delivery on the key projects where we have taken FID in recent years. This enables us to continue high-grading our upstream portfolio,” said José Carlos Vicente Bravo, Executive Director of International E&P at Repsol.

In the first half of 2025, the Cypre and Mento projects in Trinidad and Tobago reached first gas, and Leon-Castile in the US Gulf delivered first oil in September. In the coming months, the first phase of Pikka in Alaska will start production. Together with Lapa Southwest, these projects are expected to contribute 80,000 low-breakeven, low-CO2-intensity barrels to the company in 2027.

Repsol is focusing its exploration and production portfolio on core growth areas, with Brazil as one of the key countries, where the Raia Project (BM-C-33), in the Campos Basin, also stands out. Developed in partnership with Equinor and Petrobras, it is expected to start operations in 2028, with the potential to become one of the country’s most significant sources of natural gas.

About Repsol Sinopec Brazil

Established in 2010, Repsol Sinopec is a joint venture formed by Repsol (60%) and Sinopec (40%). It is today the one of the largest oil and gas exploration and production companies in Brazil with a strong portfolio focused on offshore pre-salt assets, including producing fields such as Albacora Leste, Lapa, and Sapinhoá, and growth projects such as Raia. It was the first private company to participate in the opening of the Brazilian pre-salt exploration market, and it is one of the sector companies that have invested the most in the country over the past decade.

About Repsol

Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers.

To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry’s carbon footprint.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.]]>29813http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29813Thu, 12 Mar 2026 00:00:00 +0100
The Block 14 assets produce around 42 kbbl/d of oil in total(1) , equivalent to 13 kbbl/d net to the interest to be acquired. Adjusted EBITDAX in 2025 was $119 million(2), and the transaction is expected to be immediately cash flow accretive to Energean.

The effective date of the transaction is 1 January 2026, with closing expected by the end of 2026, subject, inter alia, to government and regulatory approvals and the waiver of applicable pre-emption rights. Angola has a supportive fiscal regime and regulatory environment, and the transaction brings with it a highly skilled and experienced operating team.

Mathios Rigas, Chief Executive Officer of Energean, commented:

“The acquisition of a producing oil portfolio in Angola’s world‑class hydrocarbon basin, highlighted by major recent discoveries, marks a landmark moment for Energean. It represents our first major investment in West Africa and is in line with our strategic focus on disciplined growth and geographic diversification.

“The high-quality and cash-generating Block 14 assets have stable oil production and contain long-term growth optionality, including material resource upside from the PKBB development. We are excited about the opportunity to realise the full potential of these assets, while growing our broader position in the country over time.

“Our proven track record in deepwater operations and offshore project delivery positions us well to support ANPG’s strategic objective for Angola to increase reserves and combat production decline, while creating long-term value for Angola and our shareholders. We are pleased to be working in cooperation with Chevron on this transaction and are committed to building on their strong legacy, safety culture, environmental stewardship and operational excellence.

“We look forward to working closely with the Government of the Republic of Angola and our partners to secure all necessary permits and approvals, complete the acquisition, and advance Energean’s strategic expansion in West Africa.”

Transaction Consideration and Funding

The base consideration is $260 million in cash, with an effective date of 1 January 2026. The final consideration payable at closing will be subject to: (1) customary working capital adjustments as at the effective date, and (2) the economic performance of the assets between the effective date and closing date; this includes an upside sharing mechanism between Chevron and Energean for realised oil prices over a certain threshold during this period. Energean expects to fund the final consideration through a combination of non-recourse debt financing on the acquired assets and available Group liquidity. The transaction is expected to be immediately cash flow accretive and brings with it strong EBITDAX generation.

In addition to the base consideration, contingent payments of up to $25 million per annum, capped at $250 million in aggregate, may become payable up until 2038 in relation to the potential future PKBB development(3), contingent on both realised oil prices and production being over certain thresholds.

Timeline to Closing

The transaction is subject to regulatory approvals by Angola’s National Agency for Petroleum, Gas and Biofuels (Agência Nacional de Petróleo, Gás, e Biocombustíveis, “ANPG”), other customary governmental and third-party consents, and the waiver of applicable pre-emption rights. Closing is expected by the end of 2026, conditional on the timely receipt of approvals.

Block 14 and Block 14K Asset Overview

Block 14 is an offshore asset, producing from nine oil fields, with output of around 40 kbbl/d gross(4), (12 kbbl/d net to the 31% operated interest to be acquired). Current net 2P reserves are 28 mmbbl(5). Production is processed through the BBLT (Benguela, Belize, Lobito and Tomboco) and TL (Tombua-Landana and Landana North) hubs, which together provide significant spare oil processing capacity, along with substantial gas processing and water‑injection capabilities. The block offers multiple low-risk and near-term opportunities to optimise and maximise existing production, as well as mid-term drilling targets that can be tied back into the existing infrastructure, including the PKKB development, which has significant upside potential. Abandonment obligations for Block 14 are fully funded through existing escrow provisions.

Block 14K is a unitised cross-border asset that contains the producing Lianzi oil field which is tied-back to the Block 14 infrastructure. Production is around 2 kbbl/d gross, (around 1 kbbl/d net to the 15.5% non-operated interest to be acquired).

The Block 14 partners are currently Chevron (31%; operator), Etu Energias (29%), Azule Energy (20%), and Sonangol P&P (20%); and the Block 14K / A-IMI (Lianzi) partners are currently Trident Energy (15.75%; operator), Total E&P Congo (26.75%), Chevron (15.5%), Etu Energias (14.5%), Azule Energy (10%), Sonangol P&P (10%), and SNPC (7.5%).

(1) Per December 2025 average.
(2) Net to the interest to be acquired.
(3) Subject to Energean taking Final Investment Decision on the PKBB wells.
(4) Includes production from one well on PKBB.
(5) 2P reserves shown as of 31 December 2025 (D&M CPR report) and includes Block 14K and PKBB.

About Energean

Energean (LSE: ENOG, TASE: אנאג) is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations in eight countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.

About Chevron

Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new energies businesses.]]>29812http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29812Thu, 12 Mar 2026 00:00:00 +0100
Le champ de Mabruk est situé onshore, dans la concession C17, à environ 130 km au sud de Syrte. La production du champ avait été arrêtée en 2015.

La construction d'une nouvelle unité de production d'une capacité de 25 000 barils par jour a été lancée en mai 2024. Cette unité a été mise en service le 28 février 2026, moins de deux ans après le lancement du projet.

« Ce redémarrage illustre notre engagement de long terme en Libye, alors que nous célébrons cette année les 70 ans de présence de TotalEnergies dans le pays », a déclaré Julien Pouget, Directeur Moyen-Orient et Afrique du Nord de la branche Exploration-Production de TotalEnergies « Ce projet, s'inscrivant dans la continuité des annonces récentes de TotalEnergies relatives à l'extension des concessions de Waha, apporte une production de pétrole à bas coût et faibles émissions, en ligne avec la stratégie de la Compagnie, et contribue à atteindre notre objectif de croissance de la production de 3 % par an jusqu'en 2030. »

TotalEnergies en Libye

TotalEnergies est présente en Libye depuis 1956. En 2025, la production de la Compagnie dans le pays s'est élevée en moyenne à 113 000 barils équivalent pétrole par jour, issue du champ offshore d'Al Jurf (TotalEnergies : 37,5 %), des zones onshore d'El Sharara (TotalEnergies : 15 % du bloc ex-NC 115 et 12 % du bloc ex-NC 186), de Mabruk (37,5 %) et des concessions onshore de Waha (TotalEnergies : 20,42 %). Les concessions de Waha sont détenues par la NOC (59,16 %), TotalEnergies (20,42 %) et ConocoPhillips (20,42 %) et sont opérées par Waha Oil Company (WOC), une entreprise détenue à 100 % par la NOC.

À propos de TotalEnergies

TotalEnergies est une compagnie multi-énergies intégrée mondiale de production et de fourniture d’énergies : pétrole et biocarburants, gaz naturel, biogaz et hydrogène bas carbone, renouvelables et électricité. Nos plus de 100 000 collaborateurs s'engagent pour fournir au plus grand nombre une énergie plus abordable, plus disponible et plus durable. Présente dans environ 120 pays, TotalEnergies inscrit le développement durable au cœur de sa stratégie, de ses projets et de ses opérations.]]>29811http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29811Wed, 11 Mar 2026 00:00:00 +0100
New data will be acquired by BGP and high-end seismic imaging will be performed by Viridien, applying its industry-leading proprietary advanced workflows, including state-of-art shallow water demultiple and time-lag full-waveform inversion (TLFWI). The resulting new subsurface images, along with any potential future reimaging of existing seismic data, will help unlock the hydrocarbon potential of the shallow water portion of the basin and support Guyana’s future licensing round in the area.
Luke Davey, Vice President of Multiclient, BGP, said: “BGP is pleased to support this initiative with the Ministry of Natural Resources of Guyana and our partner Viridien. As the acquisition company, BGP will deliver high-quality marine seismic data which, combined with Viridien’s best-in-class processing and imaging capabilities, will support and build on the exploration success in Guyana.”

Joe Zhou, SVP, Americas, Earth Data, Viridien, said: "Viridien has worked closely with the government of Guyana for over 15 years, acquiring, imaging and enhancing the country’s seismic data. Together with our partner BGP, we are delighted to have this new opportunity to provide the high-quality data necessary for operators to make confident, data-driven decisions, and ultimately unlock the hydrocarbon potential of a largely unexplored part of the basin in Guyana.”

About Viridien

Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,200 people worldwide and is listed as VIRI on the Euronext Paris SA (FR001400PVN6).

About BGP

BGP is a worldwide leading geophysical solution provider which offers a comprehensive range of leading-edge geophysical products and quality services to the energy industry. It has an operating footprint covering over 80 countries and regions and enjoys a customer base in excess of 300 oil & gas companies]]>29810http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29810Wed, 11 Mar 2026 00:00:00 +0100   - Repsol maintains its strategic priorities: financial strength, disciplined capital allocation, and enhanced shareholder remuneration.
  - Its investment plan stands at between €8.5 and €10 billion, with 55% allocated to Spain and Portugal and 34% to the United States. 30% of the total will be dedicated to low-carbon projects.
  - Expected shareholder return will be between 30% and 40% of cash flow from operations over the period, including dividendes and share buybacks. Repsol will distribute €3.6 billion in cash dividend through 2028.
  - Upstream: Estimated net production for 2028 will stand at 580,000–600,000 barrels of oil equivalent per day, 40% in the United States.
  - Industrial: Net investments of between €3.9 and €4.1 billion to maintain facilities at the forefront of the industry and consolidate low-carbon initiatives as a key lever for growth and differentiation.
  - Client: Strengthening leadership in traditional businesses and boosting multienergy.
  - Low Carbon Generation: Reaching up to 9,000 MW in operation by 2028, limiting financial exposure.

Repsol today hosted its Capital Markets Day, where it presented an update of its operational and financial metrics for the 2026–2028 period.

The company maintains the pillars defined in its 2024–2027 Strategic Update: financial strength, attractive shareholder returns, and investment discipline. At the same time, it has refined its road map through 2028 to continue growing in all its businesses and strengthening its multienergy profile to supply all the energy that society needs.

After having delivered a solid financial and operational performance in recent years and in a different global context, Repsol is now entering a new phase where improving competitiveness and efficiency will remain key, as well as generating strong cash flow from operations (CFFO) as a basis for further growth. The company expects to reach CFFO of €6.5 billion by 2028, 20% more than in 2025, driven mainly by its Exploration & Production, Industrial, and Client businesses.

To this end, the company will focus on the growth of all its businesses and on continuing to improve their profitability. It will concentrate on the execution of its portfolio of projects, prioritizing the most profitable ones and adapting the pace of investment in line with market developments. This model gives Repsol greater flexibility to continue growing and evolving as a multi-energy company, maintaining its commitment to achieving net zero emissions by 2050.

Repsol leverages its strengths to keep creating value: a vertically integrated model, mainly in Spain and Portugal; its industrial leadership; a solid commitment to profitable low-carbon projects; and a robust financial position. This unique competitive proposition allows value to be captured throughout the cycle, reduces exposure to volatility, strengthens business resilience, and guarantees security of supply, even in circumstances as volatile as the current ones.

Josu Jon Imaz, CEO of Repsol:
"Repsol has the right strategy to drive continued growth, even in a volatile environment, supported by an integrated model, a balanced mix of conventional and low-emission businesses, and a diversified portfolio of assets. Our evolution to consolidate ourselves as a multienergy company is a differential element that will allow us to keep creating value and be well prepared for the road ahead."

Investments of up to €10 billion

The company maintains its solid financial position, with a low level of debt, reflected in its current credit rating (BBB+/Baa1), on which the investment program and shareholder returns are based.

This commitment is accompanied by a selective investment plan of between €8.5 and €10 billion through 2028, focused on projects already approved by the company, with attractive returns and stronger cash generation, which in turn supports continued progress in the energy transition. Of this total, 55% will be invested in Spain and Portugal and 34% in the United States. 30% will be directed to low-carbon initiatives.

Stable growth in shareholder returns

This 2026–2028 roadmap is underpinned by a capital allocation framework that reinforces an attractive shareholder remuneration policy.

Over the period, Repsol will allocate between 30% and 40% of its cash flow from operations to shareholder returns, including dividends and share buybacks. Specifically, it plans to distribute around €3.6 billion in cash dividend through 2028, a figure that will be completed with share buybacks to reach the committed remuneration range.

For 2026, Repsol has already announced that it will allocate nearly €1.9 billion to remunerate its nearly half a million shareholders. For one, it will distribute €1.051 gross per share in cash dividends in 2026, 7.8% more than in 2025, including the €0.5 already paid out in January 2026. In addition, it has launched an initial share buyback program of up to €350 million to reduce the company’s share capital.

Over the next two years, the commitment is to increase the total amount allocated to cash dividends by 3% per year, to €1.233 billion in 2028. Alongside the share buyback plan, this will allow the dividend per share to increase by more than 6% per year.

This proposal enhances shareholder certainty by reaffirming the 2024 plan for annual growth in cash remuneration, complemented by share buybacks calibrated to macroeconomic conditions, even in the most high-stress scenarios.

Emissions reductions

With respect to decarbonization, Repsol has achieved its goal for 2025 with a 15% reduction in the Carbon Intensity Indicator compared to 2016 by implementing a strategy based on the efficiency, competitiveness, and integration of its businesses. The company maintains its ambition to achieve net zero emissions in the long term and continues to move forward on this path with discipline and a focus on value creation, adjusting its medium-term objectives to the prevailing context to deliver a profitable energy transition. It sets a 2030 target to reduce its Carbon Intensity Indicator by 25% (±1) to reach 55% in 2040 and 100% in 2050.

The updated metrics for the 2026-2028 period cover the company's four businesses - Upstream, Industrial, Customer, and Low Carbon Generation. They are anchored in projects where Repsol has a clear competitive advantage and attractive market opportunities, particularly capitalizing on the integration and efficiency of the Industrial and Customer businesses.

Upstream: Growth through strong project execution, with a US-focused portfolio

In recent years, the Exploration and Production (Upstream) business has focused its efforts on improving its asset portfolio, increasing the quality and profitability of the barrels produced and reducing the carbon intensity of its operations. As a result, it has decreased its geographical exposure from 18 to 10 countries, concentrating operations in geographies with greater competitive advantages and growth possibilities.

Over the 2026–2028 period, the company aims to further improve the profitability of its Upstream business, supported by solid project execution and enhanced asset efficiency. To deliver this, it will make net investments of between €2.6 and €3 billion, of which around 80% will be allocated to the United States, a country that leads growth in the short term, through projects in Alaska, in unconventional assets, and off the south coast.

The first phase of Pikka (Alaska), one of the largest onshore discoveries in the United States in recent decades, will come online in the coming months and will add an estimated net production of 30,000–35,000 barrels of oil equivalent per day (boe/d) in 2028. In addition, production is expected to increase at Leon-Castile, to 20,000 gross boe/d in the short term, as well as increased production from unconventional assets in the Marcellus in Pennsylvania and Eagle Ford in Texas.

Alongside the United States, Repsol has an attractive portfolio of projects in other countries, such as the United Kingdom, where net production is estimated to reach 55,000–60,000 boe/d in 2026 through Neo Next+, the joint venture with NEO Energy and TotalEnergies UK in the North Sea. And in Brazil, Raia (BM-C-33), in the Campos basin, has the potential to become one of the country's most important sources of natural gas. It is expected to come online in 2028 and reach a net production of 40,000–50,000 boe/d by 2030.

With all these projects, net production is projected to reach between 580,000 and 600,000 boe/d in 2028, between 6% and 10% higher than in 2025. Around 40% will come from the United States.

Repsol will continue to work to increase the quality and profitability of the barrels produced, doubling the operating cash flow per barrel through 2028. Reducing the carbon intensity of barrels is also a priority, with a goal of reducing emissions to 10 kg of CO2 per barrel.

These projections for 2028 could be increased by potential improvements in the situation in Venezuela, where the company has a privileged position due to its historical presence, and the new licenses issued by the US authorities allow the resumption of oil and gas operations in the Caribbean country. Additionally, the award of new exploration blocks in the recent licensing round in Libya will open a new stage of growth and strengthen Repsol's presence in this country in the long term.

Industrial: reinforcing industrial assets and reaffirming the commitment to renewable fuels

Repsol has a highly competitive refining system, with top-tier assets and a track record of solid and sustained performance. Its seven major industrial centers — located in Spain, Portugal, and Peru — make a significant contribution to securing the energy supply in these countries, and their activity generates more than 6,500 direct jobs, reinforcing the economic and social role of the company, in addition to its energy contribution.

The Industrial area is key to the company's business model, as the integration of its industrial, trading, and commercial assets with renewable generation and new renewable fuel platforms enables it to provide all the energy that society needs to move forward.

During the 2026–2028 period, the priorities of the Industrial business will continue to be aligned with the Strategic Update presented in 2024: strengthening conventional assets to stay at the forefront of the industry, while consolidating low-carbon platforms as a key lever for growth and differentiation. The trading business will play a growing role, driven by the expansion of its global footprint and product portfolio.

Repsol expects net investments of between €3.9 and €4.1 billion in the Industrial business through 2028, of which 40% will be allocated to low-emission initiatives, such as the production of renewable fuels and hydrogen.

The company plans to increase the production of renewable fuels, to reach 1.5 million metric tons per year by 2028. Among the projects underway, the Puertollano renewable fuels plant stands out, with start operations in the second quarter of 2026. This plant will add an annual production capacity of 200,000 metric tons, in addition to the capacity already existing in Cartagena.

This positions Repsol as the main producer of renewable diesel and sustainable aviation fuel (SAF) in Spain and Portugal and as one of the leaders in Europe, contributing more than 70% of the production in both countries and more than 10% in the European Union as a whole. In 2025, more than 90% of the renewable diesel and SAF produced has been traded through the company’s own channels.

The company is also making progress in the synthetic fuels demo plant in Bilbao, which will be fully operational in 2027, as well as with Ecoplanta in Tarragona, which is set to be commissioned in 2029 after an investment of more than €800 million. This facility, a trailblazing project in Europe, will transform urban waste into 240,000 metric tons of renewable and circular methanol every year. Due to its innovative nature, Ecoplanta has been selected by the European Union to receive funding through the Innovation Fund program.

Repsol is the largest producer and consumer of hydrogen in Spain and Portugal, and it will progressively replace the conventional hydrogen it uses as a raw material in its industrial centers with renewable hydrogen. The goal is to reach an equivalent production of up to 300 MW by 2028. To this end, it has already approved the investment of its first two large-scale electrolyzers, with a capacity of 100 MW each, in Cartagena and Bilbao. Both have been recognized as important projects of common European interest (IPCEI) and have, therefore, received NextGenerationEU funds. In the first half of 2026, approval is expected for a third large electrolyzer, with a capacity of 150 MW, in Tarragona.

Client: multi-energy leadership in Spain and Portugal

Repsol's Client business has established itself as leading player in Spain and Portugal, with more than 24 million customers and a unique multienergy offering.

With net investments of €1.4 to €1.6 billion planned between 2026 and 2028, the Client area will focus its efforts on consolidating the leadership of its traditional businesses — mobility, lubricants, aviation, and LPG — as well as driving the growth of the new businesses — power and gas, electric mobility, and distributed generation — with the aim of consolidating a commercial platform that goes beyond energy.

In this regard, the company will continue to evolve the business model of its more than 3,800 service stations in Spain and Portugal, providing the most complete mobility energy offerings in the sector (conventional fuels, autogas, electric mobility, and renewable fuels) and value services for the customer, through the consolidation of its alliances with leading partners in their respective segments, such as Amazon, El Corte Inglés, Enrique Tomás, Inpost, and Levaduramadre, among others.

Repsol will also continue to work on strengthening the distribution and marketing of Nexa Diesel of 100% renewable origin, Repsol's highest quality diesel, as a solution to tackle the challenge of decarbonizing transport, alongside the promotion of electric mobility.

Another growing business is lubricants, with the ambition to consolidate its national leadership and boost its international presence and the aim to double the size of the business by 2030.

As for the power and gas market in Spain and Portugal, in which Repsol is already the fourth operator with more than three million customers, the goal is to boost organic growth and exceed 4 million by 2028.

The entire multi-energy offering is leveraged on the strengthening of physical and digital channels, as a tool for customer proximity, aiming to increase the number of digital users to 13 million by 2028, mostly through the Waylet app, which already has 10 million users. By 2028, the Customer business expects the number of multi-energy customers to grow by 30% to reach 1.6 million. It also expects the wide range of multi-energy solutions will be offered at 80% of the station network in Spain.

Low Carbon Generation: self-funded growth

The Low Carbon Generation business, supported mainly by the organic development of its portfolio of solar and wind projects, will continue to be central to the company's strategy.

Since entering the business in 2018, Repsol has deployed a profitable growth model, which has allowed it to reach 6,000 MW of renewable energy in operation and the incorporation of partners into its portfolio to crystallize value. In less than seven years, this model has allowed the company to rotate more than 3,000 MW of wind and solar in operation, reaffirming the attractiveness of its portfolio and bringing in partners such as Pontegadea, Schroders Greencoat, Stonepeak, and TRIG.

In the 2026–2028 period, Repsol expects to reach up to 9,000 MW in operation. This growth will be delivered under strict investment discipline, concentrating spending on the highest-return projects and limiting the company's financial exposure by leveraging additional financing avenues — such as asset rotations, the incorporation of partners, or project financing — to maximize value generation and secure returns above 10%. The objective is for the business to be self-funded over the period.

Specifically, Repsol will allocate net investments of between €500 million and €1 billion to this area during the period, mainly to opportunities in Spain and the United States, following two different strategies.

In Spain, where the company has more than 3,200 MW of renewable energy in operation (hydro, wind, and solar), the updated path through 2028 prioritizes the development of higher-value projects — especially wind and battery energy storage systems (BESS) — as well as maximizing the value of existing assets through hybridizations. Additionally, the company foresees future growth options, not included in the projections, subject to the development of projects such as the Aguayo II pumped-storage hydro plant in Cantabria, and opportunities linked to the boom in data centers in Spain.

In the United States, where Repsol already has more than 2,000 MW in operation, priority will be given to projects with the higher returns and favorable regulatory conditions. At the same time, the company will maintain a broad pipeline of initiatives to capture future opportunities arising from growing power demand and potential regulatory changes, while considering the possibility of bringing in a partner.

About Repsol

Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers.

To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry’s carbon footprint.]]>29809http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29809Wed, 11 Mar 2026 00:00:00 +0100
OMV Petrom will hold a 25% stake in the project, joining operator Shell (42%) and Türkiye Petrolleri A.O. (TPAO) subsidiary Turkish Petroleum Overseas Company Limited (TPOC) (33%) – subject to regulatory approval.

The farm-in agreement was signed, with the completion of the transaction pending customary approval from the Bulgarian Government.

“Entering a new exploration block in the Black Sea, alongside major international partners, strengthens our portfolio and reinforces our long-term strategic commitment to this promising region.”, said Christina Verchere, CEO of OMV Petrom.

The exploration license for Han Tervel was granted in 2025 for an initial five-year term. The Han Tervel block covers approximately 4,000 km2 and is located south of the Han Asparuh block.

This move aligns with OMV Petrom’s strategy to leverage its extensive offshore expertise across the region.

Key details of the upcoming phase include:

  - Immediate focus: acquisition and detailed analysis of 3D seismic data.
  - Future potential: based on seismic results, the partners will evaluate subsequent exploration drilling.
  - Financial commitment: OMV Petrom will contribute to project costs and investments proportionally to its 25% stake, covering both historical costs and future operations.

“We have built solid exploration and development capabilities through the Neptun Deep project and our activities in the Han Asparuh block. We look forward to a successful collaboration with Shell and TPAO, leveraging our collective strengths to unlock new opportunities.”, added Cristian Hubati, member of the OMV Petrom Executive Board, responsible for Exploration and Production.

OMV Petrom has a long tradition in the Black Sea, spanning four decades. The company’s current portfolio includes exploration, development, and production activities across Romania and Bulgaria. OMV Petrom is the operator of Neptun Deep, the largest natural gas project in the European Union.

About OMV Petrom

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom.]]>29808http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29808Wed, 11 Mar 2026 00:00:00 +0100
MOL will cement the long-term nature of the partnership by acquiring 25% of the share capital of V.Ships France through its subsidiary, MOL Euro Energie SAS, with V.Ships retaining 75%.

The announcement builds on V.Ships France’s existing long-term relationship with MOL, through which the company already manages several of MOL’s vessels including their fleet of LNG bunker vessels.

Speaking on the deal, Robert Desai, CEO, V.Ships, said: “MOL is an important partner to V.Ships France and V. as a whole. We are delighted to embark on this expanded, long-term partnership, which sees MOL becoming our equity partner in one of the Group’s highly specialised companies.

“V.Ships France has long been renowned for its expertise in LNG and advanced dual fuel ships, and this agreement reflects the confidence MOL has placed in that capability. Having a counterpart of MOL’s standing as partners in V.Ships France is a validation of what our team in Nantes has built, as well as V.’s global strength and credibility, and we look forward to deepening our collaboration together as the LNG sector continues to grow.”

Mr Jun Kanda, MOL Euro Energie SAS, said: “We are delighted to have V. and V.Ships France as such important long-term partners. Our relationship stretches back many years, and throughout that time V.Ships France has consistently demonstrated the highest levels of technical expertise in LNG and dual fuel vessel management.

“This expanded partnership, including our equity investment in V.Ships France, reflects the depth of confidence we have in their team and their capabilities. As we continue to grow our LNG fleet, having a ship management partner with this calibre of specialist knowledge and the backing of V.’s wider resources is of real strategic value to our organisation.”

V.Ships France will continue to operate from its current base in Nantes, with no changes to its team or operations. MOL’s expanded fleet of managed vessels will continue to benefit from V.’s scale and scope as a tier one ship manager, ensuring maximum uptime, full compliance within a changing regulatory ecosystem, the world’s largest crew pool, and performance that meets and exceeds all relevant technical standards. The fleet will also benefit from V.Group’s proprietary marine digital platform, ShipSure, as well as its suite of market-leading marine services.

About V.Ships

V.Ships provides comprehensive ship management and crewing services to LNG and LNG Fuelled vessel owners. As a global leader, we have unrivalled industry knowledge of managing LNG vessels, including LNG bunker vessels, combined with vast experience at sea and ashore with all containment and propulsion types.

About Mitsui O.S.K Lines

Mitsui O.S.K. Lines, Ltd. (MOL), as a multi-modal transport group, meets the needs of the era in a wide variety of fields including dry bulkers, crude oil tankers, LNG carriers and offshore business, methanol carrier, chemical tankers, product tankers, car carriers, ferries, RORO ships, and logistics. MOL’s activities are truly borderless, based on the operation of one of the world’s largest merchant fleets, backed by expertise and technology developed throughout our over 130-year history. MOL supports the growth of the world economy with the entire globe as our stage, while continually evolving into an excellent and resilient corporate group.]]>29807http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29807Wed, 11 Mar 2026 00:00:00 +0100   - Analysis explores ways to cope with months-long gas supply disruption
  - Existing gas storage facilities are of crucial importance, build up strategic emergency reserves
  - Using cushion gas from gas storage facilities offers a means of increasing supply in emergency situations

Gasunie subsidiary GTS has published a resilience analysis that assesses the robustness of the European and Dutch gas systems in the face of prolonged gas supply disruptions. The analysis shows that additional measures are needed to be able to cover potential gas shortages caused by a months-long gas supply disruption.

From its independent advisory role to the Dutch Minister for Climate and Green Growth on gas supply security, GTS believes that the Netherlands is well prepared for common supply security situations, such as exceptionally cold winters and short-term infrastructure outages. However, the Netherlands and Europe as a whole are insufficiently prepared for a prolonged and large-scale gas supply interruption.

Crucial measures required to get through prolonged interruptions are to keep existing gas storage facilities operational and build up strategic emergency gas reserves. GTS recommends examining how much of the so-called ‘cushion gas’ can be used as part of the strategic emergency gas reserves, with the aim of having a strategic emergency reserve of sufficient size in place by the start of the 2026–2027 winter. Without these precautionary measures, the Netherlands will be insufficiently resilient against prolonged geopolitical disruptions, sabotage and international supply issues.

Changing geopolitical climate

Like in the rest of Europe, gas supply in the Netherlands has seen drastic changes over the past few years. Where the Netherlands used to be a net exporter of gas, we now depend on imports for roughly 67% of the gas we consume. The foreign gas comes partly from Norway and is increasingly imported in liquefied form from countries like the United States.

At the same time, natural gas will continue to be crucial to the energy supply over the coming decades as an affordable energy source for industry and households. Gas also plays a key role for power stations to cover fluctuations in the supply of solar and wind power. As a result, the strategic importance of security of supply is increasing rather than decreasing.

The combination of high dependence on imports, geopolitical tensions and an energy system in transition adds to the vulnerability of the Netherlands. According to GTS, a prolonged months-long disruption may lead to extreme price rises, major economic impact and escalating energy poverty, comparable to the impact of the European gas crisis triggered by the Russian invasion of Ukraine.

‘The current geopolitical climate requires us to be realistic and prepared for the unexpected in the longer term,’ says Gasunie Executive Board member Hans Coenen. ‘In the resilience analysis, GTS lays out a clear picture of where the bottlenecks are for gas supply security, while also presenting measures that are urgently needed to boost the gas system’s long-term resilience and reduce the risk of economic impact and forced disconnection of industry. This analysis gives our government specific guidance to inform their decisions.’

Domestic strategic gas reserves as the key to resilience

The Netherlands has four major gas storage facilities in former gas fields, which can be used to build up strategic gas reserves for emergency situations. These gas storage facilities jointly hold 137 TWh of working gas and approximately 300 TWh of cushion gas. Over the coming year, around 115 TWh of the working gas will be needed to cover common gas supply security situations. According to GTS, the remaining gas, along with part of the cushion gas, can be used as strategic emergency reserves in order to bridge a prolonged gas supply interruption.

Cushion gas is a large amount of natural gas that is kept in a storage facility to maintain adequate pressure to be able to extract the working gas. In exceptional emergency situations, some of this gas can be used to mitigate shortages. GTS recommends further examining whether cushion gas could be used more widely. The Netherlands has around 300 TWh in cushion gas, and there is at least 800 TWh of it across Europe.

Although technically feasible, GTS is not planning for a situation where the Groningen gas field is kept open as a strategic gas reserve, given the current political reality and the fact that existing legislation would not allow it.

Hans Coenen: ‘Gas supply security hinges on building a strategic emergency reserve. The existing gas storage facilities give the Netherlands exceptional potential to build up strategic emergency gas reserves. By filling storage facilities to a higher level and using cushion gas as a last resort, we can mitigate prolonged shortages and prevent price peaks.’

European approach

A prolonged gas supply disruption is a Europe-wide risk rather than just a domesticDutch problem. GTS stresses that EU Member States must assess the risks together and jointly decide whether and how to organise emergency gas reserves. According to GTS, the revision of EU rules on gas supply security offers an ideal opportunity to make clear agreements on this. They will have to specifically allow for strategic emergency gas reserves to be used in the event of an imminent or actual prolonged gas supply disruption, both to protect households and to keep industry running.

About Gasunie

Gasunie is a European energy infrastructure company. Gasunie’s network is one of the largest pressure pipeline networks in Europe, comprising over 17,000 kilometres of pipeline in the Netherlands and northern Germany. Gasunie provides natural and green gas transport services through its subsidiaries, Gasunie Transport Services B.V. (GTS) in the Netherlands and Gasunie Deutschland in Germany. With its crossborder gas infrastructure and services, Gasunie facilitates TTF, which has become a leading European gas trading point. Gasunie also provides other gas infrastructure services, including gas storage and LNG. Gasunie wants to help accelerate the transition to a CO2 neutral energy supply and believes that gas related innovations, for instance in the form of renewable gases such as hydrogen and green gas, can make an important contribution. Both existing and new gas infrastructure play a key role here. Gasunie also plays an active part in the development of other energy infrastructure to support the energy transition.]]>29805http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29805Wed, 11 Mar 2026 00:00:00 +0100
Through this collaboration, the partners will engage in structured discussions on technical aspects of SAF pathways to enhance their shared understanding of current and future technologies, reinforcing ongoing exchanges between their technical teams. In parallel, Axens and Airbus will jointly explore how to support wider SAF deployment by aligning advocacy efforts, engaging with key stakeholders, and identifying potential opportunities where coordinated action could accelerate project development worldwide. The Parties will also look into areas where they could collaborate on regional market analysis and consider joint initiatives that could help de risk and speed up SAF production scale up.

With this agreement, Axens and Airbus reaffirm their shared ambition to move SAF from vision to implementation. By combining complementary expertise, engaging with the broader ecosystem, and exploring innovative forms of collaboration, both companies intend to contribute meaningfully to the rapid emergence of a robust and sustainable SAF market.

About Axens

Axens group (www.axens.net) provides a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics and all natural gas treatment and conversion options. The offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is also specialized in Carbon Capture. Axens is ideally positioned to cover the entire value chain, from feasibility study to unit start-up and follow-up throughout the entire unit life cycle. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global offer is based on highly trained human resources, modern production facilities and an extended global network for industrial, technical supports & commercial services. Axens is an IFP Group company.]]>29804http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29804Wed, 11 Mar 2026 00:00:00 +0100
Global energy technology company SLB (NYSE: SLB) announced that its OneSubsea™ joint venture has been awarded an engineering, procurement, and construction (EPC) contract by PTTEP Sabah Oil Limited, a subsidiary company of PTT Exploration and Production Public Company Limited (PTTEP). The contract expands SLB OneSubsea's role in delivering integrated subsea production systems (SPS) for PTTEP's deepwater portfolio offshore Malaysia and marks the third major SPS award from PTTEP in the last 12 months.

As part of the EPC contract, SLB OneSubsea will deliver comprehensive SPS equipment for the second development of Kikeh 3B project, including three subsea trees, a manifold, a subsea distribution unit and integrated control systems, along with project management and associated services. Project execution will run through 2026 and 2027, supported by SLB OneSubsea's manufacturing and services facilities in Malaysia.

“Building on our long-standing collaboration with PTTEP, this award supports the next phase of the development of Malaysia’s deepwater resources,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “With more than two decades of experience supporting PTTEP’s subsea projects, our team is well positioned to deliver safe, efficient and integrated execution across all three recent contract awards.”

The Kikeh field —Malaysia’s first deepwater oil and gas development — has been in production since 2007, when the first subsea tree manufactured by SLB OneSubsea in Malaysia was deployed.

Today, SLB OneSubsea continues to work alongside PTTEP to expand production, at water depths of 1,300-1,400 meters, while increasing local manufacturing of high-value subsea equipment and systems, strengthening local supply chains and building expertise and capabilities in the region.

Key points

SLB OneSubsea has been awarded an EPC contract by PTTEP Sabah Oil Limited, a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) to deliver integrated subsea production systems for a deepwater project offshore Malaysia.
The award covers SPS delivery for the Kikeh 3B Phase 2 development, including trees, manifolds, controls and services.
It is the third major PTTEP subsea award to SLB OneSubsea in 12 months.
Execution runs through 2026–2027, supported by SLB OneSubsea facilities in Malaysia.

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About SLB OneSubsea

SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world.]]>29803http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29803Wed, 11 Mar 2026 00:00:00 +0100
Le projet Lapa South-West, comprenant trois puits connectés à l’unité flottante de production, stockage et déchargement (FPSO) existante de Lapa, augmentera la production du champ de Lapa de 25 000 barils par jour.

« Le démarrage de notre projet opéré Lapa South-West constitue une nouvelle étape importante pour TotalEnergies au Brésil, un pays clé pour la croissance de notre Compagnie », a déclaré Nicolas Terraz, Directeur général Exploration-Production de TotalEnergies. « Ce projet, tirant parti de la capacité disponible dans les installations existantes de Lapa, permet une production de pétrole à bas coût et faibles émissions, en ligne avec la stratégie de la Compagnie, et contribue à atteindre notre objectif de croissance de la production de 3 % par an jusqu’en 2030 ».

Avec ce démarrage, TotalEnergies poursuit la montée en puissance de son portefeuille au Brésil, après le démarrage de Mero-4 en mai 2025, et avant les démarrages d’Atapu-2 et de Sépia-2 prévus en 2029.

TotalEnergies au Brésil

Présente au Brésil depuis près de cinquante ans, TotalEnergies y emploie actuellement près de 4 000 collaborateurs, dans les secteurs de l’Exploration-Production, du gaz, de l’électricité (éolien, solaire, batteries), et des lubrifiants.
Le portefeuille de l’EP compte neuf licences, dont quatre opérées. En 2025, la production moyenne de la Compagnie dans le pays s’élevait à 184 500 barils équivalent pétrole par jour.
TotalEnergies investit dans la croissance du secteur des énergies renouvelables au Brésil. En octobre 2022, la Compagnie a conclu un partenariat avec Casa dos Ventos, leader brésilien des énergies renouvelables, afin de développer conjointement un portefeuille de 12 GW d’énergies renouvelables.

À propos de TotalEnergies

TotalEnergies est une compagnie multi-énergies intégrée mondiale de production et de fourniture d’énergies : pétrole et biocarburants, gaz naturel, biogaz et hydrogène bas carbone, renouvelables et électricité. Nos plus de 100 000 collaborateurs s'engagent pour fournir au plus grand nombre une énergie plus abordable, plus disponible et plus durable. Présente dans environ 120 pays, TotalEnergies inscrit le développement durable au cœur de sa stratégie, de ses projets et de ses opérations.]]>29800http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29800Wed, 11 Mar 2026 00:00:00 +0100   - The ceremony has been attended by the Minister of Economy of the Republic of Croatia, INA-INDUSTRIJA NAFTE, MOL Group, Hungary’s Deputy Minister of Foreign Affairs and Trade, local authorities as well as the Italian Consul in Rijeka and MAIRE’s Group representatives

KT‑Kinetics Technology (MAIRE's Integrated E&C Solutions business unit) participated in the ceremony for the completion of the Rijeka Refinery Upgrade Project in Croatia, having completed the Engineering, Procurement and Construction activities. The scope of work included a new delayed coking unit to process heavy residue and eliminate the production of fuel oil while increasing refinery efficiency capacity, the revamping of the process units and the utility network and the implementation of the latest solutions for coke handling and storage and sea jetty construction and shipping loading facilities.

The project was executed across a period marked by major global events, including the Covid‑19 pandemic and the geopolitical developments related to the Russian‑Ukrainian conflict. In this context, the works progressed thanks to a high level of flexibility, strong coordination and close cooperation among all stakeholders.

The successful completion of the project reflects the team’s solid execution capabilities, technical expertise and commitment to delivering in a complex environment.

The ceremony was attended by Mr. Ante Šušnjar, Minister of Economy of the Republic of Croatia, Ms. Zsuzsanna Ortutay, President of the Management Board of INA, Mr. Hrvoje Šimović, INA Management Board Member, Mr. József Molnár, CEO of MOL Group, Levente Magyar, Deputy Minister of Foreign Affairs and Trade of Hungary, Ms. Iva Palmieri, the Italian Consul in Rijeka and MAIRE group’s representatives.

Alessandro Bernini, CEO of MAIRE commented: “We are proud of this milestone, which marks an important step in strengthening Croatia’s energy infrastructure as well as enhancing the efficiency and environmental performance of the Rijeka Refinery. We are also thrilled we were able to contribute a significant value creation for the Country by involving numerous Croatian companies, thus supporting the development of local capabilities that will benefit both the domestic market and export activities.”

About Maire

MAIRE S.p.A. is a leading engineering group providing technology solutions and project execution in the downstream segment of Energy services, as well as in the chemicals and fertilizers industries. The Group operates through two business units: Integrated E&C Solutions and Sustainable Technology Solutions, the latter active in sustainable fertilizers, low carbon energy vectors, and innovative materials and circular solutions. With operations in around 50 countries, MAIRE employs approximately 10,800 people engaged in its projects worldwide.
MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”)]]>29802http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29802Tue, 10 Mar 2026 00:00:00 +0100
The Frida Kahlo discovery is located in the Sleipner area, one of ORLEN’s key production hubs on the Norwegian Continental Shelf. The well was drilled from the Sleipner B platform, allowing the new volumes to be brought on stream without the need for additional infrastructure.

“The Frida Kahlo project confirms the efficiency of ORLEN’s upstream assets on the Norwegian Shelf. By leveraging existing infrastructure, we not only reduce the cost of developing new resources but also significantly shorten the time required to start production. In the case of Frida Kahlo, the pace will be exceptionally fast – it will begin contributing to ORLEN Group’s results just a few weeks after the discovery,” said Wiesław Prugar, ORLEN Management Board Member for Upstream.

Preliminary estimates indicate that Frida Kahlo’s recoverable resources amount to 5.3–9.4 million barrels of oil equivalent, including 450–810 million cubic meters of gas. ORLEN Upstream Norway holds a 24.4112% interest in the license. Equinor is the operator with a 58.34944% share, and Vår Energi holds the remaining 17.23936%.

Bringing Frida Kahlo on stream continues the efficient utilization of Sleipner’s production infrastructure. In 2025, the area accounted for ca. 30% of ORLEN Group’s total production in Norway. Gas from Sleipner is transported to the Kårstø terminal and onward through Europipe II and the Danish transmission network to the Baltic Pipe.

Frida Kahlo marks ORLEN’s second exploration success in the Sleipner area this year. In January, ORLEN Upstream Norway and Equinor announced the Sissel discovery, with preliminary estimates indicating 6.3–28.3 million barrels of oil equivalent, including 0.6–2.7 billion cubic meters of gas. ORLEN Upstream Norway holds s 50% stake in Sissel.

About Orlen S.A.

Orlen S.A. is an integrated, multi-utility company, operating in Central Europe and Canada. We provide energy and fuel to over 100 million of Europeans, while our advanced products are marketed to over 100 countries across 6 continents.
We pursue strengthening our position of a regional leader in energy transition by implementing clean and sustainable technologies, as well as power generation based on low- and zero-emission sources. Our actions are driven by a strategic goal of reaching emission neutrality by 2050.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS).]]>29801http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29801Tue, 10 Mar 2026 00:00:00 +0100
Fast-track results will be ready by June 2026, with final data available by the end of 2026.

The aim of the Phase 1 Mahanadi Basin reimaging project is to provide higher-quality imaging over proven petroleum system areas, as well as deeper water areas where exploration of new thermogenic plays has been challenging due to low-quality imaging of legacy data. Viridien will apply the latest imaging technologies, such as time-lag full-waveform inversion (TLFWI) and least-squares PSDM (LSQPDSM), to address these challenges and produce seamless, high-quality merged 3D datasets.

Dechun Lin, Head of Earth Data at Viridien, said: “The innovative imaging technology and regional expertise provided by Viridien, combined with phased project expansion throughout the Mahanadi Basin, will drive new exploration and investment opportunities for emerging plays, and support both ongoing and future bid rounds.”

About Viridien

Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,200 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).]]>29799http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29799Tue, 10 Mar 2026 00:00:00 +0100
Under the terms of the agreement, Kiewit will perform the engineering, procurement of equipment, module fabrication, construction and commissioning for the full Texas LNG facility and deliver a fully completed and operational facility to Glenfarne.

Brendan Duval, Glenfarne chief executive officer and founder, remarked, “Over the last 14 months, the Texas LNG project team has been embedded with Kiewit to complete the pre-FID engineering required for the project to begin execution. This process confirmed that Kiewit’s capabilities as well as their best-in-class execution and implementation expertise on the U.S. Gulf Coast, align with Glenfarne’s vision for Texas LNG. Together with Kiewit, we will construct a world-class LNG facility that will make the Rio Grande Valley region proud and provide high-paying, quality jobs, and technical training for the area for decades to come.”

“Kiewit is excited to advance our partnership with Glenfarne through Texas LNG, allowing us to bring our extensive experience and highly skilled workforce to deliver complex, integrated LNG EPC projects on time and on budget,” said Eric Gutierrez, executive vice president, Oil Gas and Chemical, for Kiewit Energy Group Inc. “We are proud to continue our work with Glenfarne and together build a premier LNG export facility on the U.S. Gulf Coast.”

About Texas LNG

Texas LNG is an LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy and infrastructure leader Glenfarne Group, LLC. Texas LNG is led by an experienced team committed to creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives.

About Glenfarne Group

Glenfarne Group is a privately held global developer, owner, and operator of energy infrastructure assets. Through its subsidiaries, Glenfarne owns and operates 60 energy assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. Glenfarne’s permitted North American LNG portfolio totals 32.8 MTPA of capacity under development in Alaska, Louisiana, and Texas. For more information, please visit www.glenfarne.com.

About Kiewit

Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, Mexico and Guam. Kiewit offers construction and engineering services in a variety of markets including power; transportation; water; oil, gas and chemical; marine; building; industrial and mining. Kiewit had 2024 revenues of $16.8 billion and employs 31,800 staff and craft employees.]]>29796http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29796Tue, 10 Mar 2026 00:00:00 +0100
The sale includes the Jiffy Lube brand and a network of franchised stores which are owned and operated by independent franchisees, in addition to franchised stores that are owned and operated by PVA. Shell will retain its Pennzoil Quaker State, Rotella and other Shell lubricants brands, along with marketing, manufacturing and distribution of lubricants in the U.S. and Canada that serve consumer, commercial and industrial sectors.

“By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell’s lubricant’s portfolio in the US and reinvest in opportunities that generate higher returns,” said Machteld de Haan, President, Downstream, Renewables and Energy Solutions, Shell plc.

The transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions.

Notes:

  - Jiffy Lube has been a part of Shell Lubricants in the US for more than 20 years, consistently delivering strong performance and building a trusted brand with millions of drivers. The JLI franchised stores provide lubrication, oil change, and light repairs for cars and light trucks using the trade name “Jiffy Lube”. Jiffy Lube makes up ~6.5% volume of Shell’s U.S. and Canada total lubricants business.
  - For more information about Monomoy Capital Partners, please visit their website: www.MCPFunds.com
  - Monomoy will acquire Jiffy Lube® International (including the registered trademark), which operates more than 2,000 franchisees and company-owned and operated service centers across the U.S. and licensees in Canada. Monomoy will also acquire Premium Velocity Auto, LLC (PVA Group), the second-largest Jiffy Lube franchisee, with over 360 locations across 20 states.
  - The term “Shell Lubricants” collectively refers to Shell Group companies engaged in the lubricants business. Shell Lubricants companies have led the global lubricants industry by volume for more than 19 consecutive years.*
  - The U.S. is a key market and a leading destination for Shell investment, with operations and interests in all 50 states. Shell is the leading deep-water operator and largest producer of oil and gas in the U.S. Gulf of America and the largest buyer of U.S. LNG. Through our Trading & Supply network, we move U.S. energy reliably—from power and low-carbon fuels to LNG and refined products—to customers nationwide and globally. Shell operates the largest branded fuel network in the United States, with about 12,000 Shell branded gas stations serving more than 7 million customers daily. With more than 100 years in the U.S. and over 11,000 employees, Shell is delivering secure energy supplies and meeting the evolving needs of our customers today and into the future.
*Source: Kline & Company 2024, 23rd Edition, Global Lubricants: Market Analysis & Assessment, 2024.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.]]>29795http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29795Tue, 10 Mar 2026 00:00:00 +0100
The Byrding C discovery was made five kilometres northwest of the Fram field in the Troll area and is estimated to contain 4–8 million barrels of recoverable oil.

The Frida Kahlo discovery was drilled from the Sleipner B platform. The well is located northwest of the Sleipner Vest field and is estimated to contain 5–9 million barrels of oil equivalent of gas and condensate. The well will be brought on stream as early as April.

Discovery in the Troll area

Since 2018, Equinor has participated in the drilling of 26 exploration wells in the extended Troll area, which also includes Fram. Nineteen discoveries have been made, giving a discovery rate of more than 70 percent.

“Near-field discoveries like these are important to maintain high energy deliveries from the Norwegian continental shelf going forward. The oil discovered in Byrding C will be produced using existing or future infrastructure in the area. We are working together with our licensees to identify good area solutions,” says Lill H. Brusdal, senior vice president for exploration and production in the Troll area.

Discoveries in the Sleipner area

The four most recent exploration wells in the Sleipner area have all proven gas and condensate, with combined estimated resources of 55–140 million barrels of oil equivalent. The four discoveries were made over a three-month period and include Lofn, Langemann, Sissel and Frida Kahlo. Lofn and Langemann together represented the largest Equinor-operated discovery on the Norwegian continental shelf in 2025.

“These discoveries are the result of a targeted exploration effort in the Sleipner area. Sleipner is an important hub for gas exports to Europe, and we must do everything we can to identify the remaining resources in the area. The discoveries give grounds for optimism as we plan to drill three additional exploration wells and two new production wells in the area this year,” says Cecilie Rønning, senior vice president for exploration and production in the Sleipner area.

Sleipner is a mature area where the largest volumes have already been produced. The fields in the area therefore depend on new discoveries to maintain profitable production and extend their lifetime. Several years ago, an ambitious exploration programme was established for the area, including the acquisition of new data and improved seismic methods.

The use of Ocean Bottom Node (OBN) seismic, 4D seismic, and reprocessing of existing data has provided a new and improved understanding of the subsurface on the Norwegian continental shelf and has contributed to exploration success in both the Sleipner and Troll areas.

Facts about the discoveries

  - Byrding C was drilled by the COSL Innovator rig. The discovery was made in exploration well 35/11-32 S in production licence 090 HS. Partners are: Equinor Energy AS (75%) and INPEX Idemitsu Norge AS (25%).

  - The Frida Kahlo discovery was made in production licence 046 (the Sleipner licence). Partners are: Equinor Energy AS (58.3%), Orlen Upstream Norway AS (24.4%) and Vår Energi (17.2%).

  - The Lofn and Langemann discoveries were made in production licence 1140 together with partner Aker BP and were announced in December 2025.

  - The Sissel discovery was made in production licence 1137 together with partner Orlen Upstream Norway. The discovery was announced in January this year

  - All the Sleipner discoveries were made in the Hugin formation. All discoveries are considered commercial, although estimated volumes still vary.

  - The plan for the Frida Kahlo discovery, drilled from the Sleipner B platform, is to bring the well on stream during April.

  - The Lofn, Langemann and Sissel discoveries are planned to be developed as subsea tie-backs to existing infrastructure, with the aim of bringing them on stream within two to three years.

  - The OBN seismic was delivered by TGS and Axxis and processed by Viridien. The 4D seismic covering the Sleipner area was acquired for the Sleipner Vest Unit partnership and processed by TGS (PGS).

Facts about the Sleipner area

  - The Sleipner field complex includes the gas and condensate fields Sleipner Øst, Gungne and Sleipner Vest.

  - In addition, the Sleipner installations process hydrocarbons from the tied-in fields Sigyn, Utgard, Gudrun and Gina Krog.

  - Sleipner is an important transport and gas hub, delivering dry gas to Europe, while unstable oil is transported to Kårstø for further processing and export.

  - Sleipner also functions as a hub for gas from Kollsnes and Nyhamna, which is transported onward to Draupner, Zeebrugge and Easington.

Facts about the Troll area

  - The Troll field is developed with the platforms Troll A, B and C.

  - The Fram field is located 20 kilometres north of Troll and is developed with two subsea templates tied back to Troll C.

  - Both fields are part of what is referred to as the extended Troll area.

  - The Troll field contains about 40 percent of the total gas reserves on the Norwegian continental shelf, making it a cornerstone of Norwegian gas production.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.]]>29798http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29798Tue, 10 Mar 2026 00:00:00 +0100
The start of drilling marks a significant milestone in the development of one of Mexico’s most important offshore energy projects and represents a key advancement toward full field development following the project’s final investment decision (FID) in 2023.

Woodside Acting CEO Liz Westcott said: “The start of the drilling program represents a milestone for the Trion Project and for Mexico’s deepwater oil and gas sector. It underscores the strength of our collaboration with PEMEX and our shared commitment to delivering this world-class project safely and efficiently. Trion is more than a significant resource – it is an opportunity to enhance Mexico’s energy security, build local capability and generate enduring economic value for the country.”

The drilling campaign includes the execution of 24 subsea wells which will be connected to a floating production unit (FPU) named Tláloc, with a nameplate capacity of approximately 100,000 barrels per day.

The development incorporates associated subsea infrastructure and export systems to ensure safe, efficient and reliable operations. Production from Trion will be loaded into a floating storage and offloading facility (FSO) named Chalchi, with a capacity of 950,000 barrels.

The wells will be drilled by Transocean’s Deepwater Thalassa, supported by supply vessels and logistics services operating from ports in the state of Tamaulipas, strengthening local and regional supply chains. The Deepwater Thalassa arrived in Mexican waters on 5 March 2026.

Since FID for Trion, engineering, procurement and operational planning activities have progressed in line with the approved development schedule. The project remains on track to achieve first oil in 2028.

Woodside Vice President Trion Stephane Drouaud said: “The progress we are seeing at Trion reflects the dedication and expertise of our project team and partners who have worked tirelessly to advance this development. From engineering and planning through to drilling execution, the team is safely and systematically moving the project forward.”

Trion is expected to generate significant economic benefits, including direct and indirect employment opportunities and expanded participation for Mexican suppliers. Over the life of the project, Trion is expected to deliver more than US$10 billion in taxes and royalties to Mexico.

Woodside holds a 60 percent participating interest in Trion and serves as operator, alongside PEMEX with 40 percent.

About Woodside Energy

Woodside is a global energy company. Driven by a spirit of innovation and determination, we established the liquefied natural gas industry in Australia in the 1980s. We provide the energy the world needs to heat homes, keep the lights on and support industry. Today, our strategy is to thrive through the energy transition with a resilient and diversified portfolio of oil, gas and new energy projects in Australia, North America and Africa.

About Pemex

Pemex is the largest company in Mexico. It operates through the whole chain of value of the industry, from exploration and production -upstream- to industrial transformation, logistics and marketing –downstream.]]>29797http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29797Tue, 10 Mar 2026 00:00:00 +0100
Sidara values Wood’s talented people, technical capabilities and deep client relationships. Going forward, Wood will retain its own brand and continue operating as a standalone business, while benefiting from Sidara’s global scale and long-term owner-operator mindset.

With Wood’s complementary capabilities and technical expertise — including in digital and decarbonization technologies — Sidara is positioned at the forefront of the global energy sector. Together, the group will deliver the energy security solutions communities need today while accelerating the transition to clean energy and decarbonized infrastructure that will safeguard our communities and our planet for the future.

Sidara continues to operate through a five-pillar model, comprising:

  - Dar — Multidisciplinary
  - Wood — Energy and Materials
  - Perkins&Will — Design and Architecture
  - TYLin — Infrastructure
  - Currie & Brown — Project Management and Consultancy

This model enables Sidara to serve clients worldwide — from global technology and energy companies to leading hospitals, airports and governments — on some of their most complex and critical projects. It also empowers Sidara companies to deliver value across the full lifecycle of strategic projects, from planning and design through to project management, handover and facilities management.

With Wood joining the group, Sidara’s global collaborative now brings together more than 55,000 professionals. The combined group generates over $8.5bn in revenue across all geographies, with approximately 40 percent in North America and 20 percent in each of Europe, the Middle East and Africa, and Asia Pacific.

Talal Shair, Chairman and Chief Executive Officer of Sidara, commented:

“Acquiring Wood is without a doubt the most ambitious venture in the history of Sidara, driving forward a long-term critical strategy of expanding and elevating our energy offering. Together with Wood, our people will be empowered to have far greater impact in two of the defining sectors of our time: energy and materials.

“This partnership comes at a historic moment. Accelerating the energy transition and establishing a sustainable supply of the raw materials that will shape our future has never been more critical than it is today. By providing a solid foundation and long-term strategic backing for Wood, Sidara will be uniquely positioned to deliver innovative, industry-leading solutions for clients in these critical sectors and beyond.”

About Wood

Wood is a global leader in consulting and engineering across energy and the built environment, helping to unlock solutions to some of the world’s most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people.]]>29793http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29793Mon, 09 Mar 2026 00:00:00 +0100   - Debottlenecking enables production growth in low-cost, high-productivity Central Fields area
  - Targeting an improvement in Cooper Basin unit production cost of up to $3 per boe
  - Expected internal rate of return (IRR) >15 per cent with payback period of 6 years
  - Unlocks full development of Central Fields with IRR >25 per cent
  - Subject to concluding a fully-formed gas supply agreement (GSA), Santos intends to use prepayment funds from its recent deal to supply the South Australian government’s Strategic Gas Reserve, to invest in the Moomba Central Optimisation (MCO) project
  - Targeting Scope 1 emissions reduction of ~40 ktCO₂e per year

Santos and its joint venture partner Beach Energy have taken a final investment decision (FID) to proceed with the MCO project in the Cooper Basin, South Australia. Santos’ will invest $357 million (net Santos) in the project which is planned to be delivered over three years. Santos has fully budgeted this capex and will remain within its $45-50/bbl all-in free cash flow breakeven target.

The MCO project will replace seven ageing gas-driven compressor stations with one electric-driven compressor station that will debottleneck upstream infrastructure and unlock future production growth from the Cooper Basin Central Fields in South Australia. At the Moomba Gas Plant, new inlet compression and additional power generation capacity will be installed to receive gas and power the upstream satellite.

The MCO project has strong economics with key metrics meeting or exceeding Santos hurdle rates as follows:

  - Targeting capex and opex savings of more than $600 million (net Santos) over the life of the Central Fields by moving to more efficient, modern infrastructure
  - Targeting reducing unit production cost by up to $3 per boe
  - Estimated IRR of >15 per cent

The Central Fields contain more than half of the remaining 2P reserves in the Cooper Basin and have higher productivity wells. The MCO project is designed to unlock the full productivity of the Central Fields, with an IRR greater than 25 per cent expected from Central Fields full-field development that the MCO project is expected to enable.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the MCO project was consistent with Santos strategy for disciplined growth around the company’s existing infrastructure.

“The Cooper Basin has been a cornerstone of Australia’s gas supply for more than 60 years. The MCO project will unlock significant value by modernising our infrastructure and extending the productive life of this world-class resource,” Mr Gallagher said.

“This project demonstrates our commitment to operational excellence and capital efficiency. By replacing ageing infrastructure with modern, electric-driven technology, we will reduce operating costs, improve reliability and lower emissions.

“Importantly, the project is estimated to reduce Santos Scope 1 emissions by over 40,000 tonnes of CO₂ equivalent per year, supporting our Scope 1 emissions reduction targets.

“The Cooper Basin will continue to play a vital role in Australia’s energy security, supplying gas to South Australian and eastern Australian markets. The MCO project means this critical resource can continue to deliver energy and economic benefits for decades to come.

“Santos recently executed a Key Term Sheet with the South Australian government for gas supply of 20 PJ per year from the Cooper Basin from 2030 to 2040, for the State’s Strategic Gas Reserve. Subject to concluding a GSA, Santos intends to use funds from the prepayment component of this deal to invest in the MCO project, improving the economics further, extending the productive life of the Cooper Basin and securing skilled, well-paying jobs for South Australians beyond 2040.”

About Santos

Santos is a leading supplier of natural gas, a fuel for the future providing clean energy to improve the lives of people in Australia and Asia.
Santos is already Australia’s biggest domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier. For more than 65 years, Santos has been working in partnership with local communities, providing Australian jobs and business opportunities, safely and sustainably developing Australia’s natural gas resources, and powering Australian industries and households.

With its origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure and is committed to supplying the domestic markets, unlocking resources and driving value and performance.

About Beach Energy

Beach Energy is an ASX-listed oil and gas exploration and production company headquartered in Adelaide, South Australia.

Founded in 1961, Beach produces gas, oil and natural gas liquids from five basins across Australia and New Zealand, with a strategic focus on the core hubs of East Coast Australia and West Coast Australia.

Beach’s vision is to become Australia’s leading domestic energy company by delivering leading shareholder returns through the sustainable supply of energy.]]>29790http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29790Mon, 09 Mar 2026 00:00:00 +0100   - Reinforces Seatrium’s global leadership having executed >90% of the world’s FSU/FSRU conversions

Seatrium Limited (“Seatrium” or the “Group”) is pleased to announce that it has been awarded a contract by Karpowership, for the conversion of a new Floating Storage Regasification Unit (“FSRU”). Karpowership is a longstanding customer for Seatrium, renowned for owning, operating and building the world’s largest Powership (floating power plant) fleet.

This latest contract award signals a progression of an earlier letter of intent (“LOI”) signed between Seatrium and Karpowership announced in August 2025, and marks Seatrium’s eighth FSRU conversion project for Karpowership. The LOI scope includes the conversion, life extension and repairs of three LNG carriers (“LNGC”) into FSRUs; as well as the integration of four new-generation Powerships with an option for two additional units.

Scheduled to commence in the third quarter of 2026, the LNGC-to-FSRU conversion project, LNGT Karadeniz, signifies Karpowership’s first high-capacity FSRU, engineered to deliver a regasification capacity of up to 600 million standard cubic feet per day (mmscfd). The conversion scope encompasses the installation of a state-of-the-art regasification module, a spread-mooring system, and the integration of critical supporting systems such as cargo handling, LNG offloading, utilities, electrical distribution, and advanced automation and control systems - collectively ensuring safe, reliable, and efficient gas supply operations.

Mr. Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “This contract win reinforces our global leadership, having done over 90% of the world’s FSU/FSRU conversions. It also reflects the continued trust from Karpowership and longstanding strategic partnership of both companies. To date, we have delivered six FSRU conversions for Karpowership, and we are excited to collaborate closely with Karpowership to advance next-generation Powerships and offshore solutions, amidst unsatiable demand for energy and ongoing transition towards cleaner energy globally.”

Mr. Gokhan Kocak, Chief Technical Operations Officer, Karpowership, added, “We are pleased to deepen our strong partnership with Seatrium as we expand our FSRU fleet to meet the highest industry standards. Seatrium’s proven track record, deep engineering expertise and technical capabilities make them a trusted and invaluable partner in advancing our mission to deliver reliable and sustainable energy solutions worldwide. This latest contract underscores the confidence we place in Seatrium and marks an important milestone in Karpowership’s ambition to lead the global FSRU market in the coming years.”

Seatrium has also successfully completed and delivered the FSRU LNGT Powership Oceania. The project was executed in accordance with the agreed project schedule and technical specifications, reflecting Seatrium’s strong project management capabilities, engineering expertise and reliable operational excellence.

This latest completion brings Seatrium’s FSRU conversion track record to 23 FSRU and FSU conversion projects delivered, underscoring its deep engineering expertise, high-quality execution, and unwavering commitment to safety.

About Seatrium Limited

Headquartered and listed in Singapore, Seatrium Limited is a leading provider of specialised engineering solutions for the global offshore, marine, and energy sectors. Seatrium plays a pivotal role in delivering offshore energy infrastructure assets globally that is the backbone of some of the world’s essential energy systems.

With over 60 years of proven expertise, Seatrium operates across 15 countries through an integrated network of advanced yards, engineering and technology centres; supported by a diverse and dedicated workforce of more than 24,000 employees.

Seatrium’s diversified business positions play a critical role in the global energy transition. Its core business segments mainly include Oil & Gas Newbuilds and Conversions; Offshore Wind; Repairs & Upgrades. Its expanding product portfolio includes FPSOs, FPUs, Offshore Converter Platforms and a wide range of offshore installation vessels, amongst others.

Longstanding customer relationships with the world’s largest energy majors, asset operators and owners, and Transmission System Operators underscore Seatrium’s ability to consistently deliver high standards of safety, quality and timeliness.

Amidst the global energy transition, Seatrium has robust capabilities in developing new technologies and solutions (such as Carbon Capture & Storage and New Energies). Guided by a culture of innovation; and core values prioritising people, safety and sustainability; Seatrium strives to create enduring value for all stakeholders, engineering towards a sustainable energy future.

About Karpowership

Karpowership is a global energy company specializing in fast-track and integrated power solutions. With a fleet of 45 Powerships and a total installed capacity exceeding 8,000 MW; the company delivers turnkey energy solutions wherever and whenever they’re needed.

As the only owner, operator, and builder of the world's only Powership fleet, Karpowership offers a plug-and-play solution that can be directly connected to the grid and start generating electricity in less than 30 days.

In addition to its signature Powerships, Karpowership offers floating LNG solutions, with a fleet of 11 LNG assets, including the ones in the pipeline, that is composed of FSRUs and LNG carriers. Its LNGto-Power model supports a cleaner and flexible energy future.

With over 25 years of experience, Karpowership remains committed to delivering sustainable, reliable power; empowering nations and communities beyond the grid.]]>29789http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29789Mon, 09 Mar 2026 00:00:00 +0100
Edison also specifies that it does not foresee any impact on the supply of its clients, thanks to mitigation measures and portfolio management action already underway.

Edison continues to monitor the situation with the utmost attention and will provide timely updates should any further relevant information become available.

Edison has a long-term contract with QatarEnergy for the supply of 6.4 billion cubic meters of gas per year to Italy. The contract, which began in 2009, has a total duration of 25 years.

About Edison

Edison is a leading energy company, with over 140 years of history and records that make it the oldest operator in the sector in Europe. The company, which began operations in Milan in December 1883, inaugurated the beginning of a new era through the process of electrification of the country, contributing tangibly to the social, cultural, economic and industrial progress of Italy.
Today Edison employs over 6,000 people, operating in Italy and Europe in renewable and low-carbon production, in the supply and sale of natural gas, in sustainable mobility, and through Edison Energia and Edison Next in energy, environmental and value-added services for customers, companies, territories and Public Administration. The Group is committed to the front line in the challenge of the energy transition, in line with the UN Sustainable Development Goals and European decarbonisation policies.
Edison has a highly flexible and efficient electricity generation fleet, consisting of 250 power plants including hydroelectric, wind, solar and thermoelectric combined cycle gas plants with high efficiency for a total capacity of approximately 8 GW; and satisfies the country's LNG and natural gas supply, thanks to a large and highly diversified portfolio of 14 billion cubic meters per year and three methane tankers.
In 2021, Edison established the EOS Foundation, Edison Orizzonte Sociale, the corporate foundation with which the company consolidates its social commitment by contributing its people and skills to the objectives of the 2030 Agenda.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.]]>29788http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29788Mon, 09 Mar 2026 00:00:00 +0100
The company clarified that all local market needs are fully secured according to the proactive plans in place, ensuring the continuity of supplies and meeting local demand without impact.

Bapco Energies values its relationships with all of its stakeholders and will continue to communicate the latest available information.

About Bapco Energies

Bapco Energies is the integrated energy company leading the energy transition in the Kingdom of Bahrain]]>29787http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29787Mon, 09 Mar 2026 00:00:00 +0100
In accordance with the customers’ general precautionary measures, the three rigs deployed in Qatar and the UAE have been down manned as of last week.

On March 7, 2026, the Arabia III was impacted by an incident that occurred on a customer-operated platform. The rig was subsequently safely shut down, and all personnel were successfully evacuated.

All Borr Drilling’s employees and crew in the region are accounted for and safe.

CEO, Bruno Morand, commented: “First and foremost, ensuring the safety and wellbeing of our personnel is our highest priority. All employees in the region are safe and accounted for, and operations across the region will remain on standby until conditions allow for a safe resumption of activity.”

The Company continues to closely monitor developments and remains in active communication with its customers and relevant stakeholders in the region. These four rigs remain under contract and are insured.

The Company will provide additional updates in the event of any material developments in the situation.

About Borr Drilling

Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019 and on Euronext Growth Oslo since December 19, 2025 under the ticker "BORR". The Company owns and operates jack-up rigs of modern and high specification designs and provides services focused on the shallow-water segment to the offshore oil and gas industry worldwide.]]>29786http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29786Mon, 09 Mar 2026 00:00:00 +0100
GTT concevra les cuves cryogéniques du navire qui offrira une capacité totale de 180 000 m3. Les cuves seront équipées du système de confinement à membranes Mark III Flex, développé par GTT.

La livraison du navire est prévue en 2028.

A propos de GTT

GTT est un expert technologique des systèmes de confinement à membranes cryogéniques utilisés pour le transport et le stockage des gaz liquéfiés. Depuis 60 ans, GTT conçoit et fournit des technologies de pointe pour une meilleure performance énergétique, alliant efficacité opérationnelle et sécurité, pour équiper les méthaniers, les terminaux flottants, les stockages terrestres et les multigaziers. GTT développe également des systèmes dédiés à l'utilisation du GNL comme carburant, ainsi qu'une gamme complète de services, y compris des services numériques dans le domaine du Smart Shipping. Le groupe est également présent dans l'hydrogène à travers sa filiale Elogen, qui conçoit et assemble des électrolyseurs notamment pour la production d'hydrogène vert.
GTT est cotée sur Euronext Paris, compartiment A (ISIN FR0011726835 Euronext Paris : GTT) et fait notamment partie des indices SBF 120, Stoxx Europe 600 et MSCI Small Cap.]]>29785http://www.euro-petrole.com/ne_02_actualite_f_details.php?idNews=29785Mon, 09 Mar 2026 00:00:00 +0100
Cette revue fait suite à l’engagement pris par TotalEnergies en 2024. La mission d’évaluation avait initialement été confiée à M. Lionel Zinsou, qui a informé la Compagnie qu’il ne serait pas en mesure de la finaliser en raison de circonstances personnelles liées à sa santé. TotalEnergies remercie M. Zinsou pour son implication.

L’évaluation menée dans les districts de Buliisa, Hoima et Kikuube, a porté sur l’ensemble des composantes du programme d’acquisitions foncières. Le rapport conclut que le programme a été mis en œuvre dans le respect des engagements du projet en matière d’acquisitions foncières et de relocalisation, en conformité avec la norme de performance 5 de l’IFC, sans déficience systémique majeure identifiée. Il indique en outre que « les compensations, la remise des logements de remplacement, ainsi que la majorité des mesures de restauration des moyens de subsistance ont été achevées et que le projet est désormais en bonne voie pour engager la phase de clôture du plan d’action de relocalisation ».

Entre 2022 et fin 2024, le projet Tilenga a acquis environ 853 hectares de terres, impactant 4 954 foyers et communautés propriétaires ou utilisateurs de parcelles (PAP) et impliquant la relocalisation de 205 résidences principales. À ce jour, plus de 99 % des accords de compensation ont été signés et payés, et 100 % des logements de relocalisation ont été construits et remis.

Sur la base des recommandations du rapport, TEPU mettra en œuvre un plan d’actions couvrant les axes suivants :

  - Restauration des moyens de subsistance : poursuite du suivi en 2026 afin de garantir l’achèvement et l’appropriation des formations et mesures d’accompagnement (pratiques agronomiques, équipements post-récolte, kits de démarrage d’activités).
  - Soutien aux foyers vulnérables : accompagnement adapté des foyers potentiellement vulnérables, en coordination avec les services des autorités locales.
  - Gestion des griefs : renforcement des outils de suivi et de communication, incluant des FAQ et des messages clés, afin d’assurer cohérence et transparence.
  - Information et concertation : élaboration d’un plan d’engagement dédié à la clôture des plans d’action de relocalisation et des programmes de restauration des moyens de subsistance.
  - Prise en compte du genre : intégration de données par genre dans les bases de données et le reporting de clôture.
  - Clôture : lancement du processus formel de clôture, suivi d’un audit indépendant réalisé par un tiers.

« La publication de ce rapport indépendant et du plan d’actions qui l’accompagne témoigne de notre engagement en faveur de la transparence et de l’amélioration continue. Nous restons pleinement mobilisés pour finaliser ce programme dans le respect des standards internationaux et poursuivre notre contribution au développement local », a déclaré Nicolas Terraz de TotalEnergies.

À propos de TotalEnergies

TotalEnergies est une compagnie multi-énergies intégrée mondiale de production et de fourniture d’énergies : pétrole et biocarburants, gaz naturel, biogaz et hydrogène bas carbone, renouvelables et électricité. Nos plus de 100 000 collaborateurs s'engagent pour fournir au plus grand nombre une énergie plus abordable, plus disponible et plus durable. Présente dans environ 120 pays, TotalEnergies inscrit le développement durable au cœur de sa stratégie, de ses projets et de ses opérations.]]>29783http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29783Fri, 06 Mar 2026 00:00:00 +0100
Both companies recognise the challenge of declining production on the NCS in the coming decade. Successful exploration – particularly close to existing hubs – is a key enabler to sustaining output, maximising resource recovery and extending the productive life of offshore facilities.

The Joint Exploration Project brings together Equinor’s regional knowledge, subsurface experience and infrastructure position with Wellesley’s focused exploration model and proven capability as an HPHT drilling operator. The objective is to improve the quality of the NCS prospect portfolio, increase exploration activity and accelerate the time from exploration drilling to first production.

The collaboration will focus on HPHT opportunities in selected core areas of the Northern North Sea, where deeper targets remain underexplored but offer significant resource potential. By combining datasets, interpretations and technical expertise, the companies aim to mature prospects more efficiently and prioritise the most robust drilling candidates.

The ambition is to drill up to 15 exploration wells in the period 2027–2030. Wellesley will target operating up to 3–5 HPHT wells per year, with drilling taking place in licences where Equinor and Wellesley already work together, and always in close collaboration with their respective licence partners.

Wellesley is building a solid track record in delivering complex HPHT wells safely and efficiently, supported by an experienced well operations organisation. This operational capability, combined with Equinor’s long-standing position as a leading NCS operator and infrastructure owner, provides a strong foundation for an ambitious and sustained drilling campaign.

Importantly, the Joint Exploration Project does not constitute a joint venture, partnership or new legal entity. Each company retains full independence and continues to act within existing licence structures and governance frameworks. All drilling decisions will remain subject to approval by the relevant production licence partnerships in accordance with standard licence processes.

The Joint Exploration Project will commence in 2026, with the first wells under the programme planned from 2027 onwards.

About Wellesley

Wellesley is an oil and gas exploration and development company, based in Norway. Wellesley is backed by Blue Water Energy LLP, a leading private equity investor in the energy transition.

The energy transition needs gas to displace coal and balance renewable generation, as well as the lowest CO2 oil. By exploring for these resources in Norway, Wellesley will help supply clean and secure hydrocarbons to Europe.

Since 2016, Wellesley has been one of the most active and successful explorers in Norway, which has led to the rapid growth of our development portfolio.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.]]>29781http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29781Fri, 06 Mar 2026 00:00:00 +0100
Wednesday, March 04, 2025, marked a significant milestone with the delivery of the first shipment of gasoline to the storage tanks, signaling the unit’s return to operation and the restart of production. This development will strengthen local supplies and help meet some of the domestic market’s gasoline demands, and enhancing the stability of fuel supply operations and supporting the refinery’s ongoing activity.

This achievement reflects the exceptional skills and expertise of the refinery’s Libyan staff, showcasing their ability to tackle technical and operational challenges. Their efforts are pivotal for ensuring sustainable production operations and supporting the country’s oil and gas sector.

In this context, Engineer Masoud Suleman, Chairman of the Board of Directors of the NOC, expressed his heartfelt thanks and appreciation to the brave soldiers, workers, and engineers at the refinery. He recognized their tremendous efforts and conveyed his deep gratitude for this remarkable success, which adds to the achievements of the Arabian Gulf Oil Company. He praised the efficiency of its employees and leadership.

About Libya’s National Oil Corporation (NOC)

Established in 1970, Libya’s National Oil Corporation (NOC) has been the backbone of the country’s energy sector for over five decades. As guardians of Libya’s vast oil and gas reserves, NOC is committed to sustainable resource development while maintaining it's position as a key player in the global energy market. NOC’s journey is defined by resilience, innovation, and strategic collaborations with international partners—strengthening Libya’s Energy.]]>29782http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29782Fri, 06 Mar 2026 00:00:00 +0100
To make this expansion possible, a new 15 MW compressor unit was installed at the Kipoi compressor station near the Greek–Türkiye border. The additional capacity comes five years after TAP started transporting gas to Europe in late 2020, underlining the pipeline’s state-of-the-art reliability and its growing contribution to strengthening Europe’s energy security, diversification of supplies and their resilience.

Luca Schieppati, TAP’s Managing Director, highlighted: “Now that we have safely transported over 55 bcm of Caspian gas to Europe, I am immensely proud to have witnessed yet another successful chapter in TAP’s short but meaningful journey. This was made possible, in coordination with the competent authorities, thanks to the hard work and dedication of all TAP employees, contractors, suppliers, as well as the steadfast support of our shareholders, while TAP continues strengthening the security of European energy supply and diversification.”

Murad Heydarov, Chairman of TAP’s Board of Directors, added: “This first level of expansion marks an important milestone not only for TAP, but for the entire 3,500 km long Southern Gas Corridor. It reaffirms the Corridor’s pivotal role as a reliable and competitive route directly delivering natural gas from the Caspian Sea to Europe. The entire Corridor’s strategic role for Europe and this achievement of expanded capacity in particular, is yet another proof of Azerbaijan’s widely recognised status of a reliable pan-European energy supplier.”

About the Trans Adriatic Pipeline (TAP)

TAP transports natural gas from the giant Shah Deniz field in the Azerbaijani sector of the Caspian Sea to Europe. The 877 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Türkiye-Greece border in Kipoi, crosses Northern Greece, Albania and the Adriatic Sea, before coming ashore in Southern Italy.

TAP’s exit points in Greece and Italy enable the delivery of natural gas from Azerbaijan to a range of European markets. It also facilitates gas supplies to South-Eastern European countries through interconnectors. TAP is connected to Interconnector Greece Bulgaria (IGB) which started its commercial operations in October 2022, delivering Caspian gas to Bulgaria, thereby enhancing the security of energy supplies in one more European country.

As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as its decarbonisation objectives.

TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (20%), Enagás (20%).]]>29779http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29779Thu, 05 Mar 2026 00:00:00 +0100
Through this LNG supply arrangement, the plant has switched its fuel source from coal to LNG, which is expected to significantly contribute to the reduction of carbon dioxide (CO₂) emissions.

The launch of this LNG supply business is expected to contribute to the expansion of INPEX’s natural gas and LNG business as set forth in INPEX Vision 2035, formulated in February 2025. Going forward, INPEX, together with its group companies, will continue to ensure a stable supply of energy while actively contributing to the transformation of the energy landscape toward the realization of a net-zero carbon society by 2050.

About INPEX

INPEX is Japan’s largest exploration and production (E&P) company, engaged in the development and operation of oil and gas projects worldwide. We are committed to contributing to a brighter future by delivering energy in a sustainable way. As part of this commitment, we are also engaging in lower-carbon solutions such as CCS, hydrogen and integrated power supply, while pursuing new opportunities in the evolving energy landscape.]]>29778http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29778Thu, 05 Mar 2026 00:00:00 +0100
This award highlights Lamprell’s growing strength in the offshore market and its ability to provide integrated engineering, procurement, construction, transportation and installation solutions for major energy clients.

Ian Prescott, Chief Executive Officer of Lamprell, commented: “We are honoured by the trust ONGC has placed in Lamprell through this award. PRP-IX is a technically demanding project that builds on our in-house engineering, project management and marine capabilities. We are well-positioned to deliver a high-quality project that supports ONGC’s offshore infrastructure programme and India’s broader energy objectives.”

About Lamprell

Lamprell is a leading provider of EPCI contracting services to the international energy sector, driving growth through its oil & gas and offshore wind business units. With over five decades of expertise, the Group has built a strong reputation for delivering projects safely, on time and to budget. The Group is recognised for delivering complex onshore infrastructure projects, offshore process modules, jackets and platforms, as well as fabricating and refurbishing jack-up rigs and liftboats. Lamprell employs more than 6,000 people across its operations, with primary facilities in Hamriyah and Jebel Ali in the UAE, as well as business support offices in India and Saudi Arabia. Lamprell also has facilities in Saudi Arabia through its joint venture partnership with the International Maritime Industries (IMI) yard.

About Oil and Natural Gas Corporation Limited (ONGC)

Having discovered seven out of the eight producing basins of India, ONGC has the largest exploration acreage in the country and is the holder of the largest mining license in India. ONGC has steadfastly maintained a Reserve Replenishment Ratio (RRR) of more than one (2P reserves) for the last ten years. ONGC produces 63 percent of the India ’s Oil & Natural Gas. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of exploration and production of oil and gas and related oil-field services.]]>29776http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29776Thu, 05 Mar 2026 00:00:00 +0100
Data acquisition will be conducted by the BGP Prospector and Viridien will leverage its advanced seismic imaging technologies, such as time-lag full-waveform inversion (TLFWI), to deliver high-resolution subsurface images.

This project expands Viridien’s multi-client data footprint and demonstrates the company’s confidence in the long-term potential of the southern Atlantic Margin in Latin America as basins offshore Uruguay share strong parallels with Namibia’s Orange Basin, where recent major light oil discoveries have confirmed a working Aptian petroleum system.

The project is supported by industry funding.

Dechun Lin, Head of Earth Data, Viridien, said: “We are proud to support Uruguay in unlocking what we believe is one of the next great energy frontiers. The Charrua survey marks a major milestone for Viridien as we deploy our most advanced seismic imaging technologies to deliver high-resolution data needed to de-risk exploration.”

About Viridien

Viridien is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).]]>29775http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29775Wed, 04 Mar 2026 00:00:00 +0100   - Eight-year agreement to supply SEFE with two mtpa from 2027
  - Volumes represent one third of Southern Energy’s projected annual LNG output

SEFE Securing Energy for Europe and Argentina’s Southern Energy S.A. (SESA) have entered a Sales and Purchase Agreement for an eight-year LNG supply partnership. Under the agreement, SEFE will purchase two million tonnes per annum (mtpa) of LNG on a free on board (FOB) basis, with deliveries scheduled to begin in late 2027. The Sales and Purchase Agreement follows the Heads of Agreement concluded in Argentina last year and marks the country’s first long-term LNG export contract.

Frédéric Barnaud, CCO of SEFE, said: “Thanks to our shared determination and focus, we’ve moved from an Heads of Agreement to a fully-fledged Sales and Purchase Agreement in just over three months. This rapid progress shows that SESA is the right partner for us to expand our portfolio into South America and thereby strengthen Europe’s energy security. With deliveries starting already in 2027, we’re not only the first German energy company to offtake cargoes from Argentina, but also the country’s first long-term LNG customer globally.”

Rodolfo Freyre, Chairman of SESA, added: “The agreement with SEFE is significant for two key reasons: on the one hand, it confirms Argentina’s positioning as a new and strategic international LNG supplier, contributing to the diversification of global supply sources; on the other hand, it represents a key contribution to strengthening Europe’s energy security. I would like to thank the SEFE team and all SESA partners, whose contribution was essential to achieving this milestone.”

About SEFE

SEFE, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.]]>29774http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29774Wed, 04 Mar 2026 00:00:00 +0100
The award represents an extension to the contract announced by Subsea7 on 27 August 2025 for the third phase of Sakarya and will connect the recently discovered Goktepe field to the Phase 3 floating production unit.

The scope of work comprises engineering, procurement, construction and installation (EPCI) of approximately 20 kilometres of flexibles, 120 kilometres of umbilicals, a rigid production riser and associated subsea equipment in water depths of 2,200 metres. Project management and engineering will be coordinated through the Subsea7 office in Istanbul, Türkiye. Offshore activities are expected in 2027 and 2028.

David Bertin, Senior Vice President of Subsea7’s Global Project Centre – East, said: “We are proud to continue to support TP-OTC in their ambitions in the Black Sea with the development of the Goktepe field, which will enable increased production through the Sakarya Phase 3 facilities and support Türkiye’s gas needs.”

Hulya Ozgur, Business Unit Director Subsea7 Türkiye, said: “We look forward to continuing our long-term relationship with TP-OTC, which is making a significant contribution to the development and growth of the Turkish energy industry.”

(1) Subsea7 defines a large contract as being between $300 million and $500 million

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.]]>29773http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29773Wed, 04 Mar 2026 00:00:00 +0100
QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.]]>29772http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29772Wed, 04 Mar 2026 00:00:00 +0100
Ashraf Hamed Al Mamari, Group Chief Executive Officer of OQ, commented: "Our strong partnership with KPI provides an exceptional platform to advance this strategic venture. OQ and KPI have both the capability and resources to drive the project forward successfully. We are actively engaging with potential partners who share our vision of establishing Duqm as a premier global petrochemical hub."

Shafi Taleb Al Ajmi, CEO of Kuwait Petroleum International, added: "KPI maintains its steadfast commitment to this transformative project alongside our trusted partner, OQ. The Oman Petrochemical Project represents a pillar of Kuwait's downstream growth strategy and reflects our enduring partnership with Oman. We remain confident in the project's strong fundamentals and are collaborating closely with OQ to optimize its development framework."

The joint venture between OQ and KPI brings together complementary strengths and deep regional expertise to ensure project continuity. Both companies have allocated the necessary resources, with technical teams currently evaluating enhanced configurations to maximise the project's global competitiveness.

The renewed commitment between OQ and KPI reflects a clear future-focused effort to position Duqm as a globally competitive downstream hub. The project benefits from its strategic location within the Duqm Special Economic Zone, well-established infrastructure, competitive feedstock access and strong interest from regional and international partners. Through this collaboration, the Oman Petrochemical Project in Duqm advances Oman’s economic diversification while deepening energy cooperation across the Gulf.

About OQ

For many decades, OQ has been growing steadily as an energy investment and development company wholly owned by the Government of Oman and plays an integral part of the Oman Investment Authority (OIA). OQ manages direct energy investments within the energy sector such as oil and gas exploration and production, oil refining, petrochemical production, trading, alternative energy, power generation, and infrastructure & transportation for energy. Through strategic partnerships, it has brought foreign investments to the Sultanate of Oman, contributing to the nation’s economic growth and further enhancing the energy security.

About Kuwait Petroleum International

Kuwait Petroleum International, known by our trademark Q8, was established in 1983. Our main focus is to refine and market fuel, lubricants and other various petroleum derivatives globally.]]>29770http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29770Tue, 03 Mar 2026 00:00:00 +0100
QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.]]>29769http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29769Tue, 03 Mar 2026 00:00:00 +0100
Technical teams have started working to boost the company’s total production from the Jurf and Mabrouk fields to around 40,000 barrels per day by the end of March. This initiative highlights the success of the National Oil Corporation’s vision to enhance the sector’s infrastructure and strengthen the national economy.

On this occasion, Engineer Masoud Suleman, Chairman of the Board of Directors of the NOC, expresses his gratitude to the company’s Board of Directors and the entire national workforce for their contributions to this remarkable achievement. He acknowledges their sincere efforts and tireless dedication, which have been the foundation of this success.

About Libya’s National Oil Corporation (NOC)

Established in 1970, Libya’s National Oil Corporation (NOC) has been the backbone of the country’s energy sector for over five decades. As guardians of Libya’s vast oil and gas reserves, NOC is committed to sustainable resource development while maintaining it's position as a key player in the global energy market. NOC’s journey is defined by resilience, innovation, and strategic collaborations with international partners—strengthening Libya’s Energy.]]>29768http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29768Tue, 03 Mar 2026 00:00:00 +0100
The Minister further noted that, pursuant to security requirements, the Commissioner of Petroleum Affairs is authorized to issue additional instructions relating to the operation of the platform.
Accordingly, natural gas production from the Leviathan reservoir has been suspended.

In addition, on February 28, 2026, the Commissioner of Petroleum Affairs notified the Leviathan partners that, in light of recent developments and the special state of emergency on the home front, Chevron is required to prepare for a flexible operating policy for the platform. Such policy may include, inter alia, temporary suspensions of production, in accordance with periodic situation assessments and ongoing updates received from the security authorities.

It is noted that, in accordance with the gas sales agreements, the Leviathan partners intend to notify customers of the activation of the force majeure clause due to the suspension of production as described above.

The holding rates in the Leviathan reservoir:
NewMed: Energy Balkan Limited 45.34%
Chevron: 39.66%

About NewMed Energy

NewMed Energy is Israel’s leading energy partnership in the exploration, development, production and sale of natural gas and condensate.
The partnership previously named “Delek Drilling” is a subsidiary of the Delek Group.

About Chevron

Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new energies businesses.]]>29767http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=29767Tue, 03 Mar 2026 00:00:00 +0100
“The Haynesville Assets will continue to play a critical role in meeting domestic and global natural gas demand with strategic proximity to LNG export terminals.”

The Haynesville Assets are supported by meaningful existing production and visible near-term development activity, complemented by a substantial inventory of undeveloped drilling locations. Through the acquisition, WhiteHawk will increase its exposure to leading operators in the basin, including Expand Energy, Apex Energy, Aethon Energy Management (to be acquired by Mitsubishi), GeoSouthern Energy (to be acquired by JERA Co.), and EXCO Resources. The transaction is expected to further strengthen WhiteHawk’s position in one of North America’s most economic natural gas basins.

“We are pleased to expand our core Haynesville footprint through the acquisition of high-quality mineral and royalty interests, operated by top-tier natural gas producers,” said Daniel Herz, Chief Executive Officer of WhiteHawk Energy. “The Haynesville Assets will deepen our exposure to leading operators in Louisiana and Texas while adding scale in a basin that we believe will continue to play a critical role in meeting domestic and global natural gas demand with strategic proximity to LNG export terminals.”

After accounting for the acquisition of the Haynesville Assets, WhiteHawk will own natural gas mineral and royalty interests across 3.5 million gross unit acres, with over 11,000 producing wells, 500 wells-in-process and permitted wells, and 8,000 undeveloped locations. WhiteHawk continues to be focused on acquiring natural gas mineral and royalty interests focused in the core of the Marcellus Shale and the Haynesville Shale. Inclusive of the Haynesville Assets, the Company has added to its mineral and royalty positions through six acquisition transactions thus far in 2026. The Company remains focused on acquiring large-scale, cash-flowing mineral and royalty assets in premier natural gas basins and structuring transactions to support long-term value creation.

About WhiteHawk Energy

WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top tier natural gas resource plays, including the Marcellus Shale and the Haynesville Shale. WhiteHawk’s portfolio spans approximately 3.4 million gross unit acres, including 1.6 million gross unit acres across the Appalachian and Haynesville Basins and represents an economic interest in approximately 15% of all natural gas produced in the United States. The management team at WhiteHawk has successfully grown over $13 billion of minerals and royalties, midstream, and exploration and production companies over the last 20 years.]]>