News / Worldwide

ExxonMobil Shares Its Strategy to Grow Shareholder Value

By delivering solutions that help meet global energy needs and reduce greenhouse gas emissions, ExxonMobil plans to grow shareholder value. At the annual meeting of shareholders, Darren Woods, chairman and chief executive officer, explained how the company's strategy leverages its strengths and competitive advantages

Equinor Cancels All Joint Ventures in Russia

Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.

Shell’s New “Accelerate to Zero” Program to Drive Fleet Decarbonization

To support fleets in meeting their sustainability targets, Shell has launched a new program called "Accelerate to Zero". Shell has created a mix of solutions that will drive decarbonization and integrate likeminded partners to tackle one of the biggest challenges fleet management faces today.

TotalEnergies Acquires 50% of Clearway Energy Group (CEG)

TotalEnergies has announced agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the fifth renewable energy company in the US.

bp’s UK Hydrogen Projects Will Include ADNOC, Masdar

In a major step forward for its planned blue and green hydrogen developments in Teesside in the north-east of England, bp has strengthened its partnership with ADNOC and Masdar of Abu Dhabi.

Petrofac to Support a Pioneering Geothermal Study

In a first-of-its-kind geothermal study, Petrofac, a leading international energy services provider, will assist CeraPhi Energy with their advanced closed loop system for repurposing oil and gas wells as geothermal energy sources.

TotalEnergies Takes Part in Decarbonization of Cameron LNG in the US

A deal has been signed between TotalEnergies, Sempra Infrastructure, Mitsui & Co., Ltd., and Mitsubishi Corporation regarding the Hackberry Carbon Sequestration (HCS) project at Cameron LNG, a natural gas liquefaction and export facility located in southwest Louisiana, U.S.

Qatar, Germany Sign Joint Declaration, Form Energy Partnership

Saad Sherida Al-Kaabi, Qatar's Minister for State for Energy Affairs, and Robert Habeck, Germany's Minister for Economic Affairs and Climate Action, signed a joint declaration of intent today to further promote cooperation between the two countries in the energy sector.

Petrofac Awarded Decommissioning Contract with Tullow Oil, Expands Its Role in Africa

Having been selected to provide well decommissioning services by Tullow Oil in Mauritania, Petrofac, a global energy services provider, has expanded its presence in Africa.

EU Reveals EUR 210B Plan to End Energy Dependence on Russia

The European Commission presented a EUR 210 billion plan for Europe to end its reliance on Russian fossil fuels by 2027, using the pivot away from Moscow to accelerate its transition to green energy, Reuters reported.

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