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.
To support climate-neutral transformation of industry, ADNOC declared exploring new opportunities to create a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia.
Yearly global investments in energy transition technologies must more than quadruple to enable the world continue meeting the obligations under the Paris climate record, according to International Renewable Energy Agency (IRENA).
Norwegian oil company DNO started putting oil in storage tanks at fields located in the semi-autonomous Kurdistan region of northern Iraq as the MENA country halted exports through a pipeline to the Turkish port of Ceyhan.
Saudi Aramco and its joint venture partners Panjin Xincheng Industrial Group and NORINCO Group plan to start constructing a major integrated refinery and petrochemical complex that will be located in northeast China.
