Industrial Highlights | Shell Advances Gato do Mato Deepwater Project in Brazil's Pre-Salt Santos Basin
Apr,16 2025
Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, has made the final investment decision (FID) to develop the Gato do Mato field, a significant deepwater project located in the pre-salt region of Brazil's Santos Basin. This initiative underscores Shell's commitment to expanding its deepwater operations and contributing to Brazil's energy sector.
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Industrial Highlights | Petronas Advances Hidayah Field Development Offshore Indonesia
Apr,16 2025
Petroliam Nasional Bhd (Petronas), through its subsidiary PC North Madura II Ltd., has reached the final investment decision (FID) for the development of the Hidayah oil field located in the North Madura II Contract Area offshore East Java, Indonesia. This decision underscores Petronas' commitment to bolstering Indonesia's energy production capabilities.
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Industrial Highlights | INEOS Taps Into U.S. Gulf Potential with Strategic CNOOC Asset Deal and Focus on Offshore Durability
Apr,16 2025
INEOS Energy has taken a bold step further into the U.S. energy market with the acquisition of offshore oil and gas assets from CNOOC Energy Holdings U.S.A. Inc., a subsidiary of China's state-owned CNOOC International Ltd. The move not only deepens INEOS’s footprint in the prolific Gulf of Mexico but also reflects a broader shift toward durable, efficient infrastructure in the offshore energy sector—where advanced materials like clad plates are becoming increasingly essential.
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Industrial Highlights | TechnipFMC Wins Landmark Subsea Contract for Shell’s Gato do Mato Field in Brazil
Apr,16 2025
TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI™) contract by Shell for the development of the Gato do Mato offshore field, located in the Santos Basin, Brazil. This contract represents a crucial milestone in advancing deepwater production in one of the most promising oil regions globally.
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Industrial Highlights | TotalEnergies and Partners Invest $700 Million to Expand Northern Lights CCS Project
Apr,16 2025
TotalEnergies, alongside its partners Equinor and Shell, has announced a $700 million investment to expand the Northern Lights carbon capture and storage (CCS) project in Norway. This expansion, which represents a major step toward large-scale industrial decarbonization, will significantly increase the capacity of one of the world’s most advanced CCS initiatives.
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Industrial Highlights | Sinopec Unveils Significant Shale Oil Reserves to Strengthen Domestic Energy Supply
Apr,16 2025
China Petroleum & Chemical Corporation (Sinopec) has announced the discovery of significant new shale oil reserves in multiple locations across China, reinforcing the country’s potential as a major player in unconventional oil production. These findings are expected to strengthen China’s domestic energy security and reduce reliance on imported crude oil.
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Industrial Highlights | OMV Expands Processing Capabilities at Schwechat Refinery with New Plant
Apr,16 2025
OMV, Austria’s leading oil, gas, and petrochemicals company, has announced a significant expansion at its Schwechat refinery with the addition of a new processing plant. This development marks a strategic step in enhancing the refinery’s operational efficiency and product output, reinforcing OMV’s commitment to long-term energy security and industrial sustainability.
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Industrial Highlights | S-Oil Advances Shaheen Olefins Complex Construction in Ulsan
Apr,16 2025
South Korea’s S-Oil Corporation continues to advance its major petrochemical expansion project, the Shaheen Olefins Complex, in Ulsan. The project, which officially broke ground in March 2023 and is expected to be completed by 2026, represents a significant step in South Korea’s refining and petrochemical industry, aiming to enhance the country’s capacity to produce high-value petrochemical products. The development aligns with global trends toward integrated refining and petrochemical operations, maximizing efficiency and profitability.
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Industrial Highlights | U.S. Steel Market Confronts Supply Challenges Amidst Global Trade Dynamics
Apr,16 2025
The U.S. steel industry is currently navigating a complex landscape marked by supply constraints, fluctuating import levels, and evolving international trade relationships.
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Industrial Highlights | Neptun Deep Project Advances with Major Contract Awards and Integration of Specialized Materials
Apr,16 2025
March 21, 2025 – The Neptun Deep project, Romania's largest natural gas development in the Black Sea, is progressing significantly with key contracts awarded to industry leaders. OMV Petrom and Romgaz, the project's main investors, are committing up to €4 billion to develop the offshore gas fields Domino and Pelican Sud, aiming to transform Romania into the European Union's top natural gas producer.
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Industrial Highlights | Cairn Oil & Gas and 2H Offshore Join Forces for Major Offshore Development in India
Apr,16 2025
March 21, 2025 – Cairn Oil & Gas, a subsidiary of Vedanta Group and India’s leading private oil and gas producer, has announced a strategic partnership with 2H Offshore to advance the development of a major offshore oil field on India’s west coast. The project, one of the largest under India’s Discovered Small Fields (DSF) initiative, aims to unlock an estimated 20 million barrels of oil equivalent (MMBOE), strengthening India’s domestic energy security.
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Industrial Highlights | Baker Hughes and NextDecade Partner for Rio Grande LNG Expansion with Advanced Equipment and Materials
Apr,16 2025
March 21, 2025 – Baker Hughes and NextDecade Corporation have signed a framework agreement to support the expansion of the Rio Grande LNG facility in Texas. The agreement involves Baker Hughes supplying state-of-the-art gas turbines and refrigerant compressors to enhance the efficiency and capacity of the facility’s upcoming liquefaction trains. This marks a significant step toward strengthening the United States' position in the global LNG market.
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Industrial Highlights | EIA Predicts Alaska’s Oil Production to Rise in 2026, Reversing Decline Since 2017
Apr,16 2025
The U.S. Energy Information Administration (EIA) has projected that Alaska's crude oil production will increase in 2026, marking the first growth in nearly a decade. This forecast estimates an output of approximately 438,000 barrels per day (bpd), reflecting a 16,000 bpd rise from the previous year. The anticipated growth stems from the development of new oil projects in the region, aimed at revitalizing production that has been in decline since 2017.
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Industrial Highlights | Baker Hughes Secures Major Petrobras Contract for Offshore Completions Systems
Apr,16 2025
March 21, 2025 – Baker Hughes, a leading global energy technology company, has been awarded a substantial multi-year contract by Petrobras to supply advanced completions technology for deepwater oil fields offshore Brazil. This agreement aims to enhance production efficiency and well performance in some of the region’s most technically challenging environments.
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Industrial Highlights | Kazakhstan Eyes Nuclear Power to Address Growing Energy Deficit
Apr,16 2025
Kazakhstan, the world’s largest uranium producer, is considering nuclear power as a long-term solution to its increasing energy deficit. As electricity demand rises due to industrial growth and economic expansion, the country is exploring nuclear energy to ensure a stable and sustainable power supply.
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Industrial Highlights | Shell Projects 60% Growth in Global LNG Demand by 2040
Apr,16 2025
Shell, a leading global energy company, forecasts that global demand for liquefied natural gas (LNG) will surge by 60% by 2040, with Asia playing a dominant role in this expansion. As economies transition toward cleaner energy sources, LNG is expected to play a crucial part in meeting the growing demand for reliable and lower-carbon energy solutions.
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Industrial Highlights | HPCL Announces ₹1.3 Lakh Crore Investment to Expand Refining and Renewable Energy Portfolio
Apr,16 2025
Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas company, has unveiled plans to invest ₹1.3 lakh crore in expanding its refining capacity and strengthening its presence in the renewable energy sector.
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Industrial Highlights | ADNOC Gas Secures $2.1 Billion Contract for Infrastructure Expansion
Apr,16 2025
ADNOC Gas, a key subsidiary of Abu Dhabi National Oil Company (ADNOC), has announced a significant $2.1 billion contract aimed at enhancing its natural gas infrastructure.
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Industrial Highlights | Vermilion Completes Acquisition of Westbrick
Apr,16 2025
Vermilion Energy Inc. has finalized its acquisition of Westbrick Energy Ltd. for a total consideration of $746 million USD ($1.075 billion CAD).
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Industrial Highlights | BP Shifts Strategic Focus Back to Oil and Gas
Apr,16 2025
BP has announced a strategic pivot, increasing its investment in oil and gas operations to approximately $10 billion annually, while reducing its commitment to renewable energy projects.
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