Mubadala Investment Co., Abu Dhabi National Oil Co. and ADQ have formed an alliance to produce hydrogen using natural gas and renewable energy and market it overseas as well as in the United Arab Emirates, ADQ said in a statement. SourceContinue Reading
The probe may cast a shadow over Exxon’s efforts to turn a corner after its shares posted their worst annual performance in 40 years in 2020 amid a collapse in oil prices. CEO Darren Woods has been forced to slash spending, and last month the company said it will write down the value of North...Continue Reading
Total announced that it would not renew its membership in the American Petroleum Institute in 2021, saying that the company’s stances on climate change and political affiliations are no longer in line with the U.S.-based energy group. SourceContinue Reading
Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter. SourceContinue Reading
China National Offshore Oil Corp. has for years drilled in waters far from its borders, and within 200 miles of countries including Vietnam and the Philippines. The activity amounts to the oil giant acting like a “bully” for China’s military to intimidate its neighbors, U.S. Commerce Secretary Wilbur Ross said in a statement Thursday announcing...Continue Reading
The world’s biggest fracking services provider, Halliburton has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co. To date, it’s completed almost 340 stages across multiple wells. SourceContinue Reading
The pipelaying vessel Fortuna is expected to complete works in Danish seas by the middle of the last week of May, and then start in German waters with construction going through to June. SourceContinue Reading
Choi traveled to Doha from Tehran after fruitless talks over the South Korean-flagged Hankuk Chemi, an oil-products tanker detained by the Islamic Revolutionary Guard Corps on Jan. 4. He also discussed billions of dollars of Iranian money trapped in South Korea due to U.S. sanctions. SourceContinue Reading
Siemens Energy AS and BPT have been successfully working together for the past two years, as part of the Oil and Gas Technology Centre’s ‘Facility of the Future’ study, developing and maturing Floating Normally Unattended Installation technology. SourceContinue Reading
Under the award, Equinor and partner BP will provide generation capacity totaling 3.3 gigawatts (GW) of power to the state of New York. SourceContinue Reading
