China will cap its crude oil refining capacity at 1 billion metric tons by 2025 to streamline the country's vast oil processing sector and reduce carbon emissions, the country's state planning agency affirmed in an online post.
Petrofac, a leading provider of services to the global energy industry, has been awarded a multi-million-pound deal with Italy's Saipem to support the decommissioning of a platform in the UK sector of the North Sea.
Shell Gas has announced that it signed an amended shareholder’s agreement with partners in the Oman LNG LIC venture to push the liquified natural gas (LNG) business beyond 2024.
Chevron has announced that it entered into a definitive agreement with global independent energy Hess Corp. to acquire its shares for $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
ExxonMobil Corp. has announced that it has completed the sale of its 25% stake in the MiRO refinery in Germany to Liwathon Group, a privately held investment company.
Platts, part of S&P Global Commodity Insights, has debuted the first price assessment for LNG cargoes in Southeast Asia amid growing demand for natural gas.
Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, officially launched its latest and most advanced range of intrinsically safe (IS) portable two-way radios and smartphone at GITEX Technology Week 2023 in Dubai. Featuring an extensive product lineup that includes PNC460U Rugged Explosion-proof Smartphone with Push-to-talk as well as PT890Ex and HP79XEx Intrinsically Safe Portable Radios, this launch makes Hytera the provider with a comprehensive IS device range in the global market across DMR, TETRA and PoC technologies.
SLB has reported its third quarter results of 2023 (3Q23), achieving a net profit of $1.12 billion in the third quarter of 2023, or $0.78 per share, compared to a net gain of $907 million, or $0.67 per share, in the same period a year ago.
US energy firms has increased oil and natural gas rigs for the second week in a row since mid-September, according to a report from Baker Hughes.
Iraq’s Oil Minister Hayyan Abdul-Ghan has announced plans to increase the production capacity of the Siba gas field in Basra Governorate to 100 million standard cubic feet per day.
