Italian energy firm Eni revealed on Tuesday a “significant” gas and condensate discovery offshore Egypt. Preliminary estimates indicate about 2 trillion cubic feet of gas initially in place and 130 Mbbl of associated condensates, according to Eni.
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US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.
Japan's Inpex has acquired 50 percent participating interests each in two of BP's Indonesian offshore blocks where multiple gas
and oil fields have been discovered.