Topic
217 stories
The resources company BHP has announced to divest $1.35 billion of BMC interest that is 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland. Stanmore SMC Holdings Pty Ltd, a subsidiary owned by Stanmore Resources Limited (Stanmore Resources), has agreed to acquire 100 per cent of the […]
The Chinese Petroleum & Chemical Corporation Sinopec signs LNG deal with U.S. venture Global for 20 years to supply liquefied natural gas (LNG) from the Plaquemines plant. Sinopec had agreed lto purchase 2.8 million metric tons/year (mmty) on a free-on-board (FOB) basis previous month in one deal and 1.2 mmty on a delivered-at-place-unloaded (DPU) basis […]
The renewable energy group Octopus Energy and RES (Renewable Energy Systems) announced a partnership to build new green hydrogen plants across the country by investing £3bn by 2030. This partnership will deliver a home-grown, reliable and cost-competitive source of clean hydrogen that is insulated from present and future gas price volatility and aims to push […]
The oil and gas company BP has announced to invest $270 million at Cherry Point Refinery to improve efficiency, reduce emissions and grow renewable diesel production. Over the next three years 300 local jobs are expected to be created This investment is set with bp’s aims to be net zero across its operations by 2050 […]
The Oil giant Aramco , Air Products, ACWA Power and Air Products Qudra announced the signing of definitive agreements for the asset acquisition and project financing of the $12 billion air separation unit, gasification/power joint venture in Jazan Economic City. Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20 percent share in […]
The financial services company Goldman Sachs and Bloomberg Philanthropies Deploys $25 Million to Advance Clean Energy Solutions and support sustainable low-carbon economic development with a focus on South and Southeast Asia to increase the pace, scale, and ambition of climate solutions and contribute to the clean energy transition. The Fund’s initial US$25 million in philanthropic […]
The subsidiaries of royal dutch shell PLC Shell Egypt N.V. and Shell Austria GmbH completes sale of Desert assets in Egypt to Cheiron Petroleum and Cairn Energy, for a base consideration of US$ 646 million and additional payments of up to US$ 280 million between 2021 and 2024. Having received final government and regulatory approvals […]
The American multinational energy corporation Chevron invests $10 billion to accelerate lower carbon energy businesses. The company has set few growth targets following 2030 for new energy business, few among them are, to grow renewable natural gas production to 40,000 MMBtu per day to supply a network of stations serving heavy duty transport customers. To […]
TotalEnergies, The French oil giant has signed a contract worth $27-billion to invest in gas, oil and solar energy production in Iraq, said the country’s oil minister. As the minister Ihsan Ismail signed the contract with TotalEnergies chief Patrick Pouyanne in Baghdad it is predicted that this deal is supposed to reduce Iraq’s dependence on […]
The energy company Shell and its subsidiary Sarawak Shell Berhad (SSB), announced that it has taken a final investment decision (FID) on the Timi gas development project, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration. The Timi field is situated approximately 200 kilometres (km) off the coast of Sarawak, in Malaysia. […]
The Malaysian company PETRONAS FutureTech accelerates innovation by welcoming Malaysian Deep Tech Startups, a total of twenty Malaysian startups have been selected to participate in the second edition of PETRONAS FutureTech 2.0. An intense technology program led by the national energy company in collaboration with Sime Darby Plantation Bhd (SDP), Telekom Malaysia Bhd (TM) and […]
The Abu Dhabi National Oil Company (ADNOC) has signed the framework agreements for Concept and Front-End Engineering Design (FEED) services worth . This agreement is signed for major projects across its full value chain to support the delivery of its 2030 strategy. The framework agreements – which is signed with eight top-tier global engineering contractors […]
