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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 […]
The oil and gas company BP has agreed to join Statkraft and Aker to develop offshore wind energy in Norway. The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. […]
The South Korean GS Caltex makes its first carbon neutral crude oil purchase frrom Lundin Energy. GS Caltex has announced that it has purchased 2 million barrels of crude oil will be loaded in July to be delivered to Korea in September. GS Caltex can process up to 800,000 barrels of crude oil per day, […]
The North Sea between Norway and United Kingdom completes the world’s longest electricity link. The North Sea Link will help connect the electricity systems of the two countries via high voltage subsea cables from Kvilldal in Norway to Blyth in the UK. Linking Nordic and British energy markets will bring a number of benefits, including: […]
The Corp, Astomos Energy has purchases carbon neutral LPG cargo at the scale of the Very Large Gas Carriers (VLGC) which is believed to be first of its kind from shell . This move by Astomos Energy is due to the tightened targets of carbon reduction around the globe as the global gas producers commit […]
BP Singapore and Pavilion Energy Trading & Supply has signed a sale and purchase agreement (SPA) for the supply of around 0.8 million tonnes of liquefied natural gas (LNG) per year to Singapore for 10 Years from the year 2024. Both the companies will work together to implement greenhouse gas (GHG) quantification and reporting methodology. […]
The Oil Giant Petronas Carigali Sdn Bhd has granted its Deepwater EPCIC Contract to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC. The contract includes construction, Engineering, Procurement, Commissioning and Installation for subsea production system, Umbilical, Riser and Flowline (SURF) for its Limbayong Deepwater Development. The signing was held virtually it was represented by […]
