Baker Hughes, GreenFire Energy Cooperate in Geothermal Technology
Baker Hughes revealed that it has invested in GreenFire Energy which is an innovator in closed-loop geothermal technology based in San Francisco.
News / International
Italy Holds Financing for Russian LNG Project
In response to Russia's invasion of Ukraine, Italy disclosed that it will put its share of financing on hold for the Arctic LNG 2 project led by privately-owned Russian gas producer Novatek, Reuters reported quoting two sources close to the matter.
ExxonMobil to Stop Operations in Russia
Signaling its support for the Ukrainian people, ExxonMobil announced its decision to stop its operations in Russia and that it will not invest in any more new projects there.
TotalEnergies to Stop Funding New Projects in Russia
TotalEnergies announced that it will not provide capital for any new projects in Russia.
Nord Stream 2 Gas Pipeline Company Considers Filing for Insolvency – Reuters
The Company owning the Nord Stream 2 gas pipeline from Russia to Germany is regarding filing for insolvency.
Chariot Awarded 75% of Rissana Offshore License in Morocco
Chariot Limited announced that it has awarded 75% stake and the operatorship of the Rissana license in Morocco.
Eni, MADER Join Forces to Produce Agro-Feedstock for Biofuels
Eni and the Ministry of Agriculture and Rural Development of the Republic of Mozambique (MADER) have agreed to work together in developing agriculture projects in Mozambique, aimed at producing oil seeds and vegetable oils to be used as agro-feedstock for the production of biofuels.
Iran’s Petrochemical Feedstock to Double by 2030
The CEO of Iran's National Petrochemical Company Morteza Shahmirzaei announced that it plans to increase petrochemical feedstock supply by more than double, from an equivalent of 1.1 million barrels per day (mmbbl/d) to 2.6 mmbbl/d by 2030.
Neptune Energy Begins Drilling Hamlet Well
Neptune Energy and partners have announced that they started drilling the Hamlet exploration well in the Norwegian sector of the North Sea.
Shell to Withdraw its Activities from Russia
The Board of Shell has announced its intention to close its working activities from Russia and exit its joint ventures with Gazprom and related entities due to Russian invasion's to Ukraine.
