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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 […]
The mining giant Glencore invests in UK Battery Maker Britishvolt which plans to build UK’s first large-scale battery factory to help accelerate the rollout of electric vehicles. This partnership represents a major accomplishment for Britishvolt on its pursuit to assist vehicle OEMs on their direction to electrification. By securing one of the key battery ingredients […]
The Saudi Arabian oil giant Aramco has announced a 288% increase in Q2 profits from the same quarter of last year to $25.5 billion and declaring a dividend of $18.8 billion. Aramco’s net income for the first half of the year was $47.2 billion a increase of 103% over the same period in 2020. The […]
The oil and gas company bp acquires digital energy business Open Energi, which is a technology company that optimises and trades power from low carbon-technologies such as EVs, battery storage, hydrogen electrolysers, demand-side response, and smart buildings. Open Energi, over the past decade has thrived itself to become one of the prominent energy technology company […]
The Australian mining company BHP announced that it has signed nickel supply agreement with US carmaker Tesla. The miner will supply nickel from its Nickel West Asset in Western Australia, BHP produces one of the most sustainable and lowest carbon emission nickel producers in the world. Tesla, One of the largest manufacturer of electric vehicles […]
The oil giant Shell , Deutsche Telekom ‘s corporate customers arm and and T-Systems International GmbH (T-Systems), have signed a memorandum of understanding (MOU) to advance digital innovation as both companies are transitioning to net-zero emissions. Under the MOU both the companies will agree to Pursue the net-zero goals, Collaborate on innovations and services to […]
The oil giant Aramco closes $12.4 billion deal with global investor consortium which includes EIG and Mubadala. In the purchase agreement the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for around $12.4 billion. The consortium consists of investors from Asia, North America and the Middle East. Aramco […]
