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Chevron announces capex between $18.5bn and $19.5bn in 2024
US oil and gas company Chevron has announced a capital expenditure (capex) budget of between $18.5bn and $19.5bn for 2024. The …
Nigeria’s NNPC signs LNG deals with Wison Heavy and SDP Services
Nigeria's state oil company, National Petroleum Company (NNPC), has signed two agreements to increase the scope of its liquefied natural …
UEG of China to acquire stake in Pakistan Refinery Limited
United Energy Group (UEG) of China has agreed to acquire a more than 30% stake in PRL from state-run oil …
CNOOC, Vitol among suitors for Shell’s Singapore refinery
Shell has narrowed down the list of bidders to at least four companies for its Singapore refinery assets, reported Reuters, citing …
Gate secures Trion FPU commissioning contract from HD Hyundai
Gate Energy has secured a commissioning contract for Woodside’s Trion FPU project in Mexico. The contract has been awarded by HHI, …
Texaco HDAX: Developing power generation
The power generation sector has been undergoing rapid transformation in recent years, with advances in technology and the desire for …
Russian seaborne diesel and gas exports rose 8.5% in November
In November, seaborne diesel and gas exports from Russian ports rose by 8.5% from a month earlier to around 2.8 …
COP28: Australia to stop funding foreign fossil fuel projects
Australia signed a statement on Tuesday committing to end funding of overseas fossil fuel expansion, joining 39 countries that have …
Venezuelan oil exports remain unchanged despite lifting of sanctions
In November, Venezuela’s oil exports remained roughly the same at 651,000 barrels per day (bpd) despite the easing of US …
Asia to dominate global phenol capacity additions by 2027
Global phenol capacity is poised to see considerable growth over the next five years, potentially increasing from 15.65 million tonnes …
Low-carbon ammonia and methanol plants expected to rise
Low-carbon hydrogen and carbon capture technologies are gaining prominence in the petrochemical sector. Companies such as CF Industries and Yara …
Phasing out fossil fuels among options weighed at COP28 final agreement
Phasing out fossil fuels is among the options participants at the COP28 are considering as part of the final agreement …
Lukoil considers sale of Bulgarian oil refinery
Russian oil giant Lukoil is assessing several options for its assets in Bulgaria, including a potential disposal of the Neftochim …
Woodside and Mexico Pacific sign LNG supply agreement
Australian oil and gas producer Woodside has signed a long-term agreement to purchase LNG from Mexico Pacific. Under the sales and …
ADNOC and SOCAR team up on low-carbon energy technologies
Abu Dhabi National Oil Company (ADNOC) has formed a partnership with SOCAR to develop low-carbon energy technologies. Under the alliance, ADNOC …