The State of Victoria has issued its first petroleum exploration tenders since 2018, targeting offshore and onshore acreage to mitigate projected gas supply declines. The initiative is designed to bolster domestic energy security amid rising electricity demand across southeastern Australia.
Petronet LNG Ltd has arranged a INR 120 billion rupee-denominated term loan from State Bank of India and Bank of Baroda to fund its upcoming petrochemicals project and related capital expenditure. The financing strengthens balance sheet support for downstream diversification.
4 days ago • India
ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement to evaluate upgrading the Yanbu-based refinery into an integrated refining and petrochemical complex. The initiative would enhance crude-to-chemicals conversion, improve energy efficiency and support lower-emission operations, subject to further studies and approvals.
4 days ago • Saudi Arabia
Four Saudi energy companies - TAQA, ADES Holding, Arabian Drilling and ARGAS, have signed agreements with the Syrian Petroleum Company covering gas field development, drilling, seismic surveys and integrated oilfield services. The arrangements aim to raise production across key Syrian gas assets under Saudi Ministry of Energy oversight.
4 days ago • Saudi Arabia;Syrian Arab Republic
Eni has confirmed a sizeable gas discovery at the Konta-1 exploration well in Indonesia’s Kutei Basin, with an estimated 600 Bcf of gas in place and upside beyond 1 TCF. The find strengthens Southeast Asia supply prospects and supports planned regional investments with PETRONAS.
4 days ago • Indonesia
Cairn Oil & Gas has initiated a global partner outreach to execute a USD 5 billion upstream investment program over the next two to three years. The plan includes new drilling campaigns, enhanced oil recovery deployment, and gas sales from Gujarat, signaling a renewed push to raise domestic hydrocarbon output.
4 days ago • IndiaFrankfurt Airport and Bangalore International Airport have formalised a strategic air cargo partnership to strengthen trade flows between Europe and India. The agreement focuses on digitalisation, regulatory streamlining, and operational coordination to enhance supply chain efficiency amid shifting global market conditions.
Indian Railways has cleared infrastructure projects worth approximately INR 8.72 billion spanning maintenance depots and corridor upgrades across three zones. The investments target higher passenger throughput, improved freight efficiency and reduced congestion in key rail corridors linked to ports and industrial regions.
Karnataka’s 148-km Bengaluru Suburban Railway Project is expected to carry nearly 1.9 million passengers daily and significantly reduce surface congestion by integrating with Metro, rail and bus systems. The Rs.23,342 crore initiative aims to modernise urban mobility while lowering emissions and improving multimodal connectivity.
Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.