bp has agreed to acquire a 40.5% stake in the Asian Renewable Energy Hub (AREH), which has the potential to become one of the world's largest green hydrogen hubs.
According to OPEC delegates and industry insiders, global oil demand growth will decelerate in 2023, as rising crude and fuel prices help push up inflation and act as a drag on the global economy.
Chevron announced that it has successfully acquired Renewable Energy Group (REG) and its new segment Chevron Renewable Energy Group aims to focus on the transportation sector.
A political crisis in Libya has nearly halted all oil production as more ports and oil fields are shut down. OPEC member's daily production is down by 1.1 million barrels compared to 1.2 million barrels last year , Oil Minister Mohamed Oun told Bloomberg on Monday. That means Libya pumps about 100,000 barrels daily.
Anasuria Operating Company (AOC), a provider of services to the global energy industry, has awarded Petrofac an Integrated Services Provider (ISP) contract. Petrofac will provide onshore and offshore personnel and technical support services under the contract.
Adani Enterprises Limited (AEL) and TotalEnergies have agreed to acquire 25% of Adani New Industries Limited (ANIL). For the production and commercialization of green hydrogen in India, ANIL will be the exclusive platform of AEL and TotalEnergies. As its first milestone, ANIL plans to produce one million tons of green hydrogen per year (Mtpa), backed by around 30 gigawatts (GW) of new renewable energy generation capacity.
Cenovus Energy Inc. announced on Monday that it will purchase bp's 50% ownership in the Sunrise oil sands project in northern Alberta, bolstering the Canadian energy company's position in the industry, Reuters reported.
A new agreement between PETRONAS and Microsoft to use renewable energy and collaborate to co-innovate digital solutions to support PETRONAS' efforts to decarbonise the company has strengthened their strategic partnership today.
It was announced today that Shell plc ("Shell") will pay the sterling equivalent and euro equivalent of its first quarter interim dividend announced on May 5, 2022 at US$0.25 per ordinary share.
In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.
