Following a deal between Iraq’s federal government and the Kurdistan Regional Government (KRG), northern oil exports through Ceyhan are planned to resume and Baghdad will write to Turkey to restart pipeline flows.
Petrofac, an international services company that designs, builds, manages, and maintains oil, gas, refining, petrochemicals, and renewable energy infrastructure, announced that Tareq Kawash has been named the company’s Group Chief Executive and Executive Director.
The Norwegian Ministry of Petroleum and Energy have awarded the Havstjerne CO2 storage license in the Norwegian Sea to Wintershall Dea and its partner Altera.
Uber, bp declared a new global mobility partnership that would see the two businesses collaborate to assist Uber meet its goal of becoming a zero-emission transportation platform in the US, Canada, and Europe by 2030 and internationally by 2040.
Eni declared that it will play a major role in the decarbonization process of the United Kingdom by being the operator of the transport and storage of carbon dioxide for the HyNet North West CCS project, the first carbon capture projects that will access the £20 billion in funding provided by the government for Track 1 initiatives.
The Huajin Aramco Petrochemical Company celebrated the groundbreaking of a significant integrated refinery and petrochemical complex (HAPCO). The facility at Panjin, in China's Liaoning Province, is being built by a joint venture between Aramco (30%), NORINCO Group (51%), and Panjin Xincheng Industrial Group (19%).
Petrofac and Hitachi were awarded the multi-year Framework Agreement by TenneT, the Dutch-German Transmission System Operator, to supply multiple offshore platforms and onshore converter stations to accelerate the integration of bulk renewables into European power grids.
bp and ADNOC made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake, through this transaction bp and ADNOC will hold 50% of NewMed Energy.
Equinor, on behalf of number of licenses, has won two rig contracts for the use of Transocean Encourage, mainly in the Norwegian Sea, and Transocean Enabler, for the Johan Castberg field. The companies also signed a strategic collaboration agreement at the same time.
Following the positive Final Investment Decision (FID), Baker Hughes, an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas.
