Phillips 66 and Phillips 66 Partners have entered into a definitive agreement for Phillips 66 to acquire all of the publicly held common units representing limited partner interests in the partnership not already owned by Phillips 66 and its affiliates. The transaction value of…
Asian liquefied natural gas traders are rushing to secure shipments from the US, where the fuel is among the cheapest in the world despite what’s turning into the steepest price run in two decades. Firms in China and Japan, the two biggest importers, are…
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on the 26th October, clearing a major hurdle for the disputed pipeline. While the pipeline is ready to start operations, it still needs to be certified…
Woodside Petroleum Ltd, Perth, plans to establish a world-scale hydrogen and ammonia production plant at a site in Kwinana, just south of Perth, in Western Australia. The project, named H2Perth, has the support of the Western Australian Government. It will be developed on 130…
McDermott has signed a Letter of Guarantee to deliver engineering and procurement for the ethylene cracker of the Gas Chemical Complex (GCC) project – the largest polyethylene integration project in the world – with China National Chemical Engineering and Construction Corporation Seven, Ltd (CC7). This…
As the industry is going into cleaner energy landscape and companies are responding with their strategies on achieving respective carbon neutrality targets, awareness in overall sustainability is also gaining prominence. Global LNG trade continues to show consecutive growth as the cleanest fossil fuel source…
Aberdeen City Council has announced BP as its preferred bidder for a commercial partnership which will accelerate the city’s ambitions to become a world-class hydrogen hub. The key part of the Aberdeen Hydrogen Hub concept will involve the creation of Scotland’s first scalable green…
TGS, a member of the TGS-PGS-Schlumberger consortium, has commenced the seismic data acquisition on the Sarawak multi-client 3D project offshore Malaysia. The survey is the first phase of a multi-year contract awarded by Petronas last year to acquire and process up to 105,000 square kilometres of…
Equinor has discovered oil in the Egyptian Vulture prospect in the Norwegian Sea. According to partner Longboat Energy, well 6407/1-9 in licence PL 939, drilled by the semi-submersible West Hercules, encountered light oil in the chief target in the Lower Cretaceous (Cenomanian) Intra-Lange formation,…
The Oil Sands Pathways to Net Zero initiative, an alliance between Canada’s five largest oil sands producers, has announced additional details of its plan to achieve the goal of net zero greenhouse gas (GHG) emissions from oil sands operations. “As a significant source of…
