The Tinrhert EPC2 Development Project in Algeria has been awarded to Petrofac's consortium with Genie Civil et Batiment (GCB). Petrofac's share of the contract is approximately US$200 million, valued at approximately $300 million.
Aramco and Sinopec signed a Memorandum of Understanding (MoU) to discuss a variety of potential collaborative endeavors between the two companies.
At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.
A strategic partnership between Iberdrola and bp was announced today to accelerate the energy transition. As part of their collaboration, the companies plan to significantly expand fast EV public charging infrastructure and develop large scale green hydrogen production hubs in Spain, Portugal, and the UK.
Gas volumes received by Eni from Gazprom will increase from the daily averages of the past 10 days to 36 million cubic meters, Reuters reported.
A 50/50 joint venture (JV) between TotalEnergies and Borealis, Bayport Polymers LLC ("Baystar"), today announced the commercial operation of a new ethane cracker with an annual production capacity of one million tons of ethylene.
After a 10-day outage, Russia resumed pumping gas through its biggest pipeline to Germany on Thursday, easing Europe's supply concerns amid an economic dispute with the Kremlin over its invasion of Ukraine.
OPEC+ will continue to assess market conditions and do what is necessary as a result of a US-Arab summit on Saturday, according to Saudi Arabia's foreign minister, Reuters reported.
Equinor's recently released second quarter 2022 safety results showed no incidents with major accident potential in the second quarter.
According to the director of the South Pars Gas Complex's fifth refinery, the plant supplied 6 million barrels of gas condensate in the first three months (Q1) of the current calendar year.
