Aramco, Air Products, ACWA Power and Air Products Qudra announced that they have signed agreements for the asset acquisition and project financing of an air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City valued at $12 billion.

Aramco announced that it has signed 22 new Memoranda of Understanding (MoUs) and one joint venture (JV) with the aim of expanding its industrial program “Aramco Namaat”.

Indian Oil Corporation (IOC) announced that it is expanding its joint venture (JV) with Petronas company to include establishing liquefied natural gas (LNG) terminals, fuel retailing and gas distribution (LNG).

Brightmark LLC along with Chevron Corporation announced the expansion of their cooperation via their joint venture (JV) Brightmark RNG Holdings LLC through establishing projects to produce and market dairy biomethane, a renewable natural gas (RNG) in US.

Qatar Petroleum company announced that will be the sole owner of 100% of the Qatargas Liquefied Natural Gas Company Limited (QG1) assets and facilities starting from January 2020 as Qatar petroleum will not renew the joint venture upon the expiry of its associated agreement.

Eni and CDP Equity have formed GreenIT, a new joint venture (JV) with cumulative investments amounting to over € 800 million in five years, for the development, construction, and management of plants, targeting the production of electrical power from renewable sources in Italy.

Energean company announced that Abu Qir Petroleum company, its joint venture (JV) with the Egyptian General Petroleum Corporation (EGPC), has signed an integrated engineering, procurement, construction and installation (EPCI) contract with TecnhipFMC company for developing four subsea wells as well as subsea tie-back to the AbuQir Petroleum plant.

Russian Novatek company announced that its joint venture with Gazprombank, Cryogas-Vysotsk has produced the first one million tons of liquified natural gas (LNG) since the launch of the project in 2019.

Lukoil and Gazprom signed a Master Agreement to develop Vaneyvisskoye and Layavozhskoye fields in the Nenets region, Russia.

The Abu Dhabi National Oil Company (ADNOC) has signed with ExxonMobil to jointly explore technology research and development (R&D) opportunities through the upstream oil and gas value chain.