News

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.

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.​

Brazil's state-controlled oil company, Petrobras, has announced a tender for the construction of up to two Floating Production Storage and Offloading (FPSO) vessels for its Sergipe Deep Waters Project (SEAP) in the Sergipe-Alagoas Basin. This move aims to enhance Petrobras' offshore production capabilities and bolster Brazil's oil and gas output.​