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ExxonMobil signs $2 5bn carbon capture agreement with Pertamina

ExxonMobil has signed a $2.5bn agreement with Indonesia’s energy company Pertamina to assess the development of a CCS hub in Indonesia.

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Uniper intends to sell UAE refinery to offset $39bn loss

German gas company Uniper is seeking bids from interested firms for its oil refinery in the UAE to stem losses, reported Bloomberg News.

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Canada s TC Energy plans to divest assets worth $3 7bn next year

TC Energy is considering divesting assets worth approximately C$5bn ($3.7bn) to cut debt and fund new projects.

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Equinor begins production from Phase 2 of Peregrino field offshore Brazil

Norway’s oil major Equinor has started production from the Phase 2 development of the Peregrino heavy oil field offshore Brazil.

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OPEC+ reduced oil supplies could result in global recession, IEA warns

International Energy Agency says that a fall in OPEC oil supplies risks global energy security.

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