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Oil & Gas DECODED

Latest edition: 09 May 2024
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Spotlight

Oil and gas firms turning to digital twins for generating actionable insights

Digital twins can effectively simulate the management of oil and gas assets and forecast potential scenarios.

Latest news

Iran is using Malaysian providers to move sanctioned oil

Iran’s capacity to transport its oil is reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official told Reuters on Tuesday.

Shell to divest refining and chemicals assets in Singapore to CAPGC

Shell Singapore, a subsidiary of Shell, has agreed to divest its Energy and Chemicals Park in Singapore to CAPGC, a joint venture (JV) between Indonesian chemicals company Chandra Asri and Swiss miner and commodities trader Glencore.

DNO to acquire oil and gas assets in Norne area from Vår Energi

The agreement includes interests in four producing fields: Norne, Skuld, Urd and Marulk, as well as Verdande, which is under development.

Guyana approves oil block bid by QatarEnergy, TotalEnergies and Petronas

The approval has been granted for offshore oil block S-4, which was offered as part of the auction initiated in September 2023.

Santos and Repsol exploring sale of stakes in Alaska oilfields

Santos and Repsol are considering the sale of minority stakes in their jointly owned oilfields in Alaska, a move that could potentially fetch around $1bn, Reuters reported, citing people familiar with the matter.