1. ExxonMobil calls for higher carbon pricing
ExxonMobil CEO Darren Woods said last week that the company hopes to increase the carbon capture and storage tax credit from the current $50 per ton to $100 as a means to stimulate carbon capture and storage (CCS) projects.
2. Tubacex to establish OCTG manufacturing plant in Abu Dhabi
Tubacex group will build a new pipeline and thread manufacturing plant in Abu Dhabi as part of its largest ever contract with the Abu Dhabi National Oil Company (ADNOC).
The contract, worth more than 30000 tons and lasting for 10 years, provides a comprehensive solution for natural gas exploitation in the Middle East. The new pipe and thread plant will be the first plant for OCTG production in the Middle East and is expected to be put into operation in 2024.
3. Petrobras approves the sale of Espirito Santo assets
The management of Petrobras last week approved the sale of all its shares in the golfinho and camarupim deepwater fields to BW energy in Norway for up to US $75million. The sale is part of Petrobras’ strategy to divest assets and focus on more profitable businesses.
4. India’s Russian oil imports soared 50 times
According to foreign media reports last week, a senior Indian official said that since April, oil imports from Russia have accounted for about 10% of India’s total imports, compared with 0.2% in the previous 12 months. This makes Russia one of the top ten suppliers to India. Among them, nayara energy, which is controlled by private enterprises such as Reliance Industries and Rosneft, accounts for about 40% of imports from Russia.
Post time: Jun-28-2022