Italian energy giant and one of the world’s supermajors
Indonesia has signed a deal with Russia to import 100 million barrels of oil at a special price, with an option for an additional 50 million barrels. The country is also exploring domestic gas reserves after discovering a giant offshore field, aiming to reduce reliance on Middle Eastern imports amid global energy tensions.
The UAE, through ADNOC and its partners, has announced a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore field, aiming to produce about 10% of the UAE’s current gas consumption by 2030. The project, supported by TotalEnergies, Eni and CNPC, is positioned to strengthen domestic energy security and grow the UAE’s LNG platform amid regional tensions in energy markets.