Sinopec to conduct feasibility study for new refinery in Sri Lanka
Chinese energy giant Sinopec is advancing its global strategy as it seeks to establish its first fully controlled overseas refinery …
Equinor records sharp fall in Q1 2024 results, cites lower gas prices
Norwegian petroleum refining company Equinor published its quarterly results on Thursday, reporting a 38.96% decline in Q1 2024 net operating …
Freeport LNG ships first tanker in 12 days
Freeport LNG shipped its first tanker in 12 days from its Texas export terminal on Tuesday, marking a resumption of …
TotalEnergies to raise stake in Congo’s Moho field and sell stake in two mature assets
French oil and gas major TotalEnergies has signed a deal with Trident Energy to acquire an additional 10% interest in the …
Sintana to acquire 67% stake in Giraffe Energy to expand in Namibia’s Orange Basin
Sintana Energy has agreed to acquire up to a 67% stake in Giraffe Energy Investments, marking a strategic expansion into …
Asian countries to lead global polyolefins capacity additions by 2030
Asian countries are expected to dominate the global polyolefins capacity additions. China and India together account for approximately 47% of …
Boeing sustainability chief says SAFs are unlikely to fall as low as jet fuel
Boeing’s sustainability head said that SAFs are “high unlikely to reach price parity with Jet A fuel”, raising concerns as …
Eni increases share buyback to €1.6bn in 2024
Eni, an Italian energy company, announced on Wednesday that it would increase its planned share buyback by 45% to €1.6bn …
Texas LNG plant expands gas tolling agreement with EQT
Texas LNG, a subsidiary of Glenfarne Energy Transition, has expanded its natural gas tolling agreement with US gas company EQT. With …
Ithaca Energy to acquire Eni’s upstream assets in UK for £754m
Ithaca Energy has reached an agreement to acquire Eni's UK upstream oil and gas assets in a deal valued at …
Baker Hughes to supply equipment for Aramco’s MGS expansion project
Baker Hughes has secured a contract to provide key equipment for the third phase of Aramco’s MGS project in Saudi …
Weekly data: majority of insurers lack robust net-zero targets
A new report from the shareholder advocacy group ShareAction underscores the failure of the insurance industry to take climate change …
TotalEnergies and Shell enter talks for stakes in Adnoc LNG plant
Several energy majors including Shell and TotalEnergies have entered discussions to purchase stakes in Adnoc’s new LNG project in the …
Galp mulling stake sale in Namibian oilfield following significant discovery
Portuguese oil and gas company Galp Energia has initiated the sale of stake in its exploration block off the coast …
TotalEnergies to acquire remaining 50% stake in Malaysia’s SapuraOMV
TotalEnergies has signed an agreement to acquire the remaining 50% interest in Malaysian gas producer SapuraOMV from Sapura Upstream Assets …