News / International

bp, Clean Planet Energy Sign Circular Plastics Economy Agreement

bp has signed a ten-year contract with Clean Planet Energy, a UK-based company developing the technology to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and ultra-low sulphur diesel (ULSD). A facility developed by Clean Planet Energy is called an ecoPlants, and it is expected to process plastics that are typically rejected by traditional recycling centers and therefore will otherwise end up in landfill or incineration.

Aramco Catches Up to Apple As World’s Most Valuable Company

On Monday, Saudi Arabian Oil Co. briefly rose to a record high, tying with Apple Inc. for the title of world's most valuable company. Shares of the world's largest oil company have risen as oil prices have rallied, while Apple has been hit by a broader selloff.

Saudi Aramco Reduces Arab Light Oil Prices to Europe, Asia in June

According to Saudi Aramco's pricing document published on Sunday, the country has reduced the price of its Arab Light crude grade to Asia and Europe.

China’s Oil imports Rose in April, But Refiners Face Weakened Demand

In comparison to the same month last year earlier, China's crude oil imports rose nearly 7%, the first increase in three months, although sluggish fuel demand due to COVID-19 lockdowns dampened refinery throughput.

Energean Achieves 8 bcm Gas Discovery in Athena Well

A commercial gas discovery was made by the Athena exploration well, offshore Israel, according to Energean plc.

Petrofac Scores Huge Decommissioning Contract in the Gulf of Mexico

Petrofac, a global provider of energy services, and Promethean Decommissioning Company (PDC), a pure-play decommissioner and contractor, have joined forces to decommission offshore Gulf of Mexico fields South Pass 60, South Pass 6 and East Breaks 165.

Equinor Extends Drilling and Specialist Services Contracts Worth NOK 20B

Equinor has extended its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS related to integrated drilling and well services on its fields on the Norwegian continental shelf (NCS).

Shell Signs PSC to Acquire 25% of Atapu Field

Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, has signed the Production Sharing Contract (PSC) with Petrobras to acquire 25 % stake of the Atapu field.

Neptune Energy Makes New Discovery at Hamlet Exploration Wells

Neptune Energy announced that it has discovered oil and gas at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea.

Wintershall Dea Q1 2022 Results: Strong Performance Despite Russia-Ukraine Conflict

Wintershall Dea demonstrated strong operational and financial performance for Q1 2022 despite the Russia-Ukraine war, according to the company's latest report.

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