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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 …
Aramco in negotiations to buy minority stake in China’s Hengli Petrochemical
Saudi Arabian oil giant Aramco has confirmed it is in talks to acquire a minority equity stake in Hengli Petrochemical …
Q1 2024 update: internet of things related patent activity in the oil & gas industry
The global oil & gas industry experienced a 30% decline in the number of internet of things-related patent applications in …
Aker BP begins production from Hanz field offshore Norway
Aker BP and its partners Equinor and Sval Energy have commenced production from the Hanz field in the Norwegian North …
Oman LNG inks LNG supply deal with TotalEnergies
Oman LNG has signed a sale and purchase agreement (SPA) with its shareholder TotalEnergies to supply 800,000 tonnes per annum …
India’s HPCL plans to establish international oil trading desk
HPCL is planning to establish an international oil trading desk, reported the Economic Times, citing a company official. The move is …