Aramco signs 22 new MoUs for industrial investment program
Aramco announced an expansion of its industrial investment program, Aramco Namaat, with the signing of 22 new Memoranda of Understanding (MoUs) and 1 joint venture...
Energy group Eni made a giant oil discovery in Ivory Coast
Italian energy group Eni said it made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of...
ABB selects Corvus to supply energy storage system for electric tug eWolf
ABB Marine & Ports has selected Corvus Energy to supply the energy storage system for the all-electric tug eWolf by Crowley Maritime Corporation.
The vessel...
Shell to invest Timi gas development project
Sarawak Shell Berhad (SSB), a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision on the Timi gas...
Indian Oil to invest nearly Rs 1 lakh crore to enhance refining capacity
Indian Oil (IOC) will invest nearly Rs 1 lakh crore to enhance its refining capacity by almost a third in the next 4-5 years.
IOC...
ONGC invites bids for 43 small oil and gas fields
India’s Oil and Natural Gas (ONGC) has invited bids from companies for handing over operations of 43 small and marginal oil and gas fields...
BHP in talks to sell petroleum business to Woodside Petroleum
BHP is in talks to sell its petroleum business to Australia’s top gas producer Woodside Petroleum in exchange for shares, the companies confirmed.
The world’s...
Oil producer Rosneft says revenue doubled to 2.167 trillion roubles
Russian oil producer Rosneft said revenue doubled to 2.167 trillion roubles, while net profit surged to 233 billion roubles ($3.2 billion).
Rosneft, which includes oil...
Exxon Mobil seeks bids for U.S. shale gas properties
Exxon Mobil is seeking bids for selling U.S. shale gas properties to raise billions of dollars to shed unwanted assets and reduce debt, Reuters...
Recurrent Energy signs agreement with Pacific Gas
Recurrent Energy, a subsidiary of Canadian Solar, signed a 15-year Resource Adequacy agreement with Pacific Gas & Electric to provide 150 MW / 600 MWh...
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