Saipem to Close Russia’s Arctic LNG 2 Projects
According to its interim financial report, Saipem is in talks with Novatek to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek .
News / International
Shell Acquires Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has totally acquired Solenergi Power Private Limited and the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
bp to Sell Interest in bp-Husky Toledo Refinery
bp has agreed to sell its 50% stake in the bp-Husky Toledo Refinery in Ohio to Cenovus Energy Inc., its joint venture partner.
Japan to Maintain Its Stake in Sakhalin-1 Oil Project
After Russia temporarily banned Western investors from selling shares in key energy projects, Japan's minister for economy, trade and industry Koichi Hagiuda stated that the country intends to keep a stake in the Sakhalin-1 oil and gas project,
HF Sinclair’s Remarkable Profit Growth Defies Wall Street’s Expectations
HF Sinclair's growth for the second quarter sped way ahead of Wall Street projections due to strong demand for fuel and refined products, Reuters reported.
ADNOC Drilling Wins Contracts to Boost Offshore Production Capacity Growth
The Abu Dhabi National Oil Company (ADNOC) announced today that ADNOC Drilling has been granted two contracts totaling more than $3.4 billion to employ eight jack-up offshore rigs. The contracts, valued at $1.5 billion and $1.9 billion, respectively, were given out by ADNOC Offshore and will enable the UAE to become self-sufficient in gas as well as the increase of ADNOC's crude oil production capacity to five million barrels per day by 2030.
Wintershall Dea, NWO to Cooperate on Wintershall Dea’s BlueHyNow Project
On Wintershall Dea's BlueHyNow project, Nord-West Oelleitung (NWO) and Wintershall Dea will collaborate. Wintershall Dea, Europe's largest independent gas and oil producer, is planning a plant to produce large quantities of low-carbon hydrogen from Norwegian natural gas. BlueHyNow is part of the EnergyHub being built in Wilhelmshaven. An MOU was signed between the two companies on 2 August, and a feasibility study will be completed by the end of the year. NWO's Wilhelmshaven site will be explored for the construction of a hydrogen production plant.
Siemens Energy Issues a Net Loss Warning due to Russia Restructuring
Siemens Energy, a company that provides equipment to the power sector, issued a warning that its net loss in 2022 would be greater than originally anticipated, based on a charge of about 200 million euros related to the restructuring of its business in Russia.
Eni Secures Acquisition of Tango FLNG from Exmar Group
Eni announced its acquisition of Export LNG Ltd, the company that owns the Tango FLNG floating liquefaction facility. The facility will be used by Eni to develop natural gas in the Marine XII block in the Republic of Congo, as part of Eni's strategy to leverage gas equity resources.
Aramco, SABIC Earn World’s First TÜV Certificate of Accreditation for “Blue” Ammonia, Hydrogen Products
ABIC Agri-Nutrients Company (“SABIC AN”) and the Saudi Arabian Oil Company (“Aramco”) have been recognized as the world's first independent certification in "blue" hydrogen and ammonia production.
