Equinor Signs Agreement for the Acquisition of Suncor Energy UK
Equinor has acquired Suncor Energy UK Limited for a total of $850 million, after the signing of a landmark agreement.
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Aramco Inks LoI with Geely, Renault Group
Aramco has inked a letter of intent (LoI) to be a prospective minority shareholder in a new powertrain technology company (PWT), that will be installed by Geely and Renault Group. The new business will focus on technologies of combustion and a hybrid powertrain.
Chevron Affirms Higher Returns, Lower Carbon Goals
Chevron Corporation provided an update on its efforts to use its advantages to securely supply lower carbon energy to the developing world at its annual investor meeting.
UOG Encounters 22 Meters of Net Oil Pay While Drilling ASH-8 Well
United Oil & Gas (UOG) announced that it has encountered 22 meters of net oil pay while spudding the ASH-8 development well ("ASH-8") in the Abu Sennan license, onshore Egypt.
Huawei Digital Power, Petroleum Sector Companies Sign Five MoUs
Huawei Digital Power has successfully signed five memoranda of understanding (MoUs), four on the sidelines of the Egypt Petroleum Show (EGYPS 2023) and one following the event.
EUG Organizes Workshop on Investment Opportunities in Egypt
On February 16, the Egypt Upstream Gateway (EUG) team organized a technical workshop titled "Egypt Opens Its Doors to Investment Opportunities in the Field of Research and Exploration," the Egyptian Natural Gas Holding Company (EGAS) reported.
TotalEnergies, Corio Sign Agreement to Develop Offshore Wind in Taiwan
TotalEnergies has signed a joint venture (JV) agreement with Corio Generation to develop the Formosa 3 offshore windfarm in Taiwan.
EMC Signs Agreement with DNV for Process, Mechanical Assessment of ASORC’s Refinery
The Egyptian Maintenance Company (EMC) has signed an agreement with DNV company for conducting process and mechanical assessment for the refiner of Assiut Oil Refining Company (ASORC).
Methanex Egypt Wins the Award for the Highly Commended Project Within the “Best Safety Project of the Year” Category in EGYPS 2023
Methanex Egypt won the award for the highly commended project within the “Best Safety Project of the Year” category at EGYPS Global Sustainability in Energy Awards Ceremony in recognition of its efforts in leading the development of a Process Safety Management (PSM) framework for the Egyptian oil and gas sector in partnership with the sector’s holding companies in alignment with the Ministry of Petroleum and Mineral Resource’s vision for the modernization of the industry.
