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Shell shareholders reject investor climate resolution
Shell shareholders overwhelmingly rejected a climate resolution filed by an activist group following a meeting punctuated by protests.
Malaysia to cut diesel subsidies, saving $852 MM/yr
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 $852 MM/yr.
Golden Pass LNG in discussions with contractor, may delay startup
Golden Pass LNG, a JV between QatarEnergy and Exxon Mobil, said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site.
Shell to exit South Africa's downstream businesses
Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions.
ADNOC terminates talks to buy stake in Brazil's Braskem
Brazilian petrochemical producer Braskem said that Abu Dhabi oil company ADNOC has decided to terminate talks to buy a stake held by conglomerate Novonor in the firm.
UAE's ADNOC recently eyed bp as takeover target, sources say
The United Arab Emirates' state-owned oil company recently considered buying Britain's bp but the deliberations did not progress beyond preliminary discussions.
Greece arrests member of gang that raked in $21 B from fuel-product smuggling
Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.
Global energy giants commit to accelerated transition to low-carbon future
At CERAWeek by S&P Global in Houston, Texas, executives met to network and discuss strategies for scaling technologies of the future. In a panel moderated by Atul Arya, Senior Vice President and Chief Energy Strategist at S&P Global, the panelists discussed the large-scale deployment of various technologies over the next several decades, including renewables, carbon capture, utilization and storage, hydrogen and much more.
ExxonMobil's Karen McKee named 2024 Petrochemical Heritage Award recipient
The American Fuel & Petrochemical Manufacturers announced ExxonMobil’s Karen McKee—president of ExxonMobil Product Solutions Company—as the 2024 Petrochemical Heritage Award recipient for her outstanding contributions to the petrochemical community.
INEOS O&P UK announced a proposal to cease production of ethanol from its Grangemouth site
INEOS O&P UK announced a proposal to close the Ethanol Plant at Grangemouth in Q1 2025 and will start consultations in Grangemouth with its employees and the Trade Union about this proposal.
- 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
