Jay Hooley To Become ExxonMobil’s Lead Director as Ken Frazier Retires
ExxonMobil’s Board of Directors announced Ken Frazier’s decision not to stand for re-election to the board.
News / International
Shell Plans to Pump Up to £25B into the UK’s Energy Sector
Showing its commitment to achieve zero-emissions objectives, Shell has announced its intentions to invest up to £25 billion into the UK’s energy sector.
Chevron Examines State of Black Sea Export Terminal in Russia
US oil giant Chevron stated that it is currently in the process of assessing the state of a Black Sea port’s export terminal after Russian claims that it may have faced storm damage, according to Reuters.
ExxonMobil Expands Fuel stations Network in New Cairo
ExxonMobil, which is a leading company in providing high quality fuels and petroleum products in Egypt, has opened new services and fuel supply stations including Mobil Madinaty at East Cairo besides the recently opened Concord Plaza station in Fifth settlement.
Baker Hughes to Cooperate with Microsoft, Accenture, C3 AI on Industrial Asset Management Solutions
Being a global leader in energy technology, Baker Hughes has announced its collaboration with Microsoft, C3 AI, and Accenture on industrial asset management (IAM) solutions for clients both in the energy and industrial sectors.
TotalEnergies Reaffirms Commitment to Sanctions on Russia
TotalEnergies reaffirmed its commitment to stop purchasing Russian oil, gas, and petroleum products, adding that it will not provide any further capital for developing new investments in Russia due to its attack on Ukraine.
Italy to Install Two FSRUs to Boost LNG Imports
Italian Minister of Energy Transition Roberto Cingolani announced that his country intends to install two floating storage and regasification units (FSRU) seeking to increase liquefied natural gas (LNG) imports without relying on Russian natural gass.
Petrofac Awarded Two-Year Contract Extension with Spirit Energy
Petrofac announced its award of an Operational and Late Life Asset Support contract with Spirit Energy.
UAE, Netherlands Sign MoU for Developing Hydrogen Energy
The UAE’s Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei has signed a Memorandum of Understanding (MoU) with the Dutch Ministry for Foreign Trade and Development Cooperation Liesje Schreinemacher to collaborate on hydrogen energy.
PETRONAS Signs PSCs for Five Exploration Blocks in Malaysia
As a part of Malaysia Bid Round 2021, PETRONAS announced that it has signed Production Sharing Contracts (PSCs) for five offshore exploration blocks in Malaysia.
