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Aramco in talks to buy 10% stake in China's Hengli PetrochemicalAramco, one of the world’s leading integrated energy and chemicals companies, has entered into discussions with China's Hengli Group regarding the potential acquisition of a 10% stake in Hengli Petrochemical, subject to due diligence and required regulatory clearances. More… |
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Oman's OPES paves way for exchange of ideas and innovationsOman Petroleum & Energy Show (OPES) 2024 officially commenced on Monday (April 22) with an impressive line-up of over 300 participating companies from 24 countries, setting the stage for a dynamic exchange of ideas and innovations. The event, at the O More… |
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KBR's phenol technology selected by Sabic Fujian PetrochemicalsKBR has been awarded a contract by Sabic Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the contract, KBR will provide technology licensing and proprietary engineering design for a 250 KTA phenol plant More… |
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Oman LNG, TotalEnergies finalise Marsa LNG project, offtake dealOman LNG and TotalEnergies have announced the Final Investment Decision (FID) for the Marsa LNG project and signed a Sale and Purchase Agreement (SPA) with Oman LNG to offtake 0.8 Mtpa of LNG for ten years from 2025. Also, TotalEnergies (49 per cent) More… |
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Adnoc settles exchangeable bonds for $1.195bn in cashAbu Dhabi National Oil Company (Adnoc) announced that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (Adnoc Distribution), which bear a coupon of 0.70 per cent, upon maturi More… |
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Energy transition requires redefining global cooperation: IrenaRenewable energy, if supported by governments, can “truly change the landscape” in terms of achieving equitable access to affordable and clean energy, but only if they can move from “commitment to action”, according to the Director-General of the International Renewabl More… |
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COP28 President honoured with Global Energy Transition AwardMinister of Industry and Advanced Technology and COP28 President Dr Sultan Al Jaber was recognised with an award by the World Energy Council for his leadership in advancing the energy transition through the delivery of the historic UAE Consensus, reported WAM. More… |
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India reiterates its partnership with OpecIndia has reiterated its long-standing and constructive partnership with the Organisation of Petroleum Exporting Countries (Opec). India is the second largest export destination for the Opec as a whole, reported WAM . The reiteration of “long-standing&rd More… |
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GE Vernova, Sonelgaz to boost Algerian grid infrastructureGE Vernova's Grid Solutions business, a leader in advanced grid technologies, and Sonelgaz, Algeria's national electricity and gas company, are expanding existing capabilities at GE Algeria Turbines (GEAT) for the deployment of grid solutions. GE More… |
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Abu Dhabi summit sets out roadmap to future fuels economyAbu Dhabi Future Energy Company (Masdar) has hailed the conclusion of a highly successful Green Hydrogen Summit focused on accelerating the development of the global green hydrogen economy and supporting the energy transition. Under the theme, Building the Hyd More… |
