Eni announces the acquisition of Chevron interests, including Operatorship, in the Indonesian Blocks named Ganal PSC (Chevron 62%), Rapak PSC (Chevron 62%) and Makassar Straits PSC (Chevron 72%), in the Kutei Basin, offshore East Kalimantan. Eni already has a 20% interest as non-operator in the Ganal and Rapak Blocks. The acquisition is an important step, particularly for the opportunity to fast track the development of the Gendalo and Gandang gas project, a part of the Indonesia Deepwate.
President Joe Biden travels on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is trying to reshape the U.S. economy by investing billions of taxpayer dollars in green technology, while forcing companies that want lucrative subsidies being offered to help the push do more of their manufacturing in the U.S. He will visit the Philadelphia Shipyard to attend the steel-cutting ceremony for the Acadia, a union-built vessel that will be used to help build offshore wind farms.