Management
TA’ZIZ and Proman sign shareholders’ agreement to develop UAE’s first methanol facility
The facility has an anticipated annual capacity of up to 1.8 MMt and will meet growing domestic and international demand for this clean and versatile chemical commodity.
Maire Tecnimont signs already announced $1.3 B EPC petrochemical contract
The $1.3 B EPC Lump Sum contract, already announced on December 21, 2022, is part of this complex and has been awarded to Tecnimont by a Joint Venture composed of QatarEnergy and Chevron Phillips Chemical.
Phillips 66 to acquire publicly held common units of DCP Midstream, LP
Phillips 66 and DCP Midstream, LP announced that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit.
ADNOC allocates $15 B to low-carbon solutions, new energies and decarbonization technologies
The announcement follows the guidance by ADNOC’s Board of Directors in November 2022 to accelerate delivery of its low-carbon growth strategy and the approval of its Net Zero by 2050 ambition.
Russia freezes Linde assets worth $488 MM
A Russian court has ordered nearly $500 MM of assets belonging to German industrial gases company Linde to be frozen at the request of a Russian joint venture building a gas complex.
Chevron Lummus Global announces award for one of the world's largest slurry hydrocracking units
Chevron Lummus Global LLC (CLG) announced Shandong Yulong Petrochemical Co., Ltd. has selected EST, which CLG licenses, for a slurry residue hydrocracking unit in Shandong Province, China.
Sponsored Content: How can more women drive innovation in our industry?
According to the international Energy Agency, women only account for around 22% of the workforce in the oil and gas industry. Progress has been made in recent years, but there is still much work to be done, and Aramco is committed to remaining an innovative and inclusive place to work for diverse talent.
Sponsored Content: How do we deliver energy to a world that cannot stop?
In over 85 years, Aramco has never missed a shipment to a customer for operational reasons. One of the main factors behind this extraordinary level of consistency and reliability is our Oil Supply Planning and Scheduling system (OSPAS), which ensures that every part of our supply network works like a well-oiled machine, 24/7.
John Crane joins the Aiming for Zero methane emissions initiative
Incubated by the OGCI and its member companies, the Aiming for Zero Methane Emissions Initiative was launched in early 2022 to rethink how the oil and gas industry approaches methane emissions and its harmful effects on the environment.
Brazil's Raizen to sell second-generation ethanol to Shell
Brazilian energy company Raizen said it has agreed to sell second-generation ethanol (E2G) produced from sugarcane biomass to Shell until 2037, under a program that includes building five new E2G plants.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
