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Mexico’s Pemex Secures $500m in New Funding to Help It Take Over Texas Refinery
The acquisition would secure critical fuel supplies for the state oil company
Solar Power Plant
Eni Reaches Investment Decision on 50MW Solar Project in Angola
Solenova, a joint venture between Italian energy company Eni and Angolan oil company Sonangol, has reached a Final Investment Decision and signed a contract for…
Hydrogen Project
Aramco Unveils Major Hydrogen Partnerships with Gaussin and Air Liquide
Saudi Arabian oil company Aramco has unveiled two agreements with French-based Air Liquide and Gaussin that will see the companies explore hydrogen technologies…
Oil Field
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas …
Natural Gas
Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run …
Hydrogen Project
Khaled bin Mohamed bin Zayed Launches Global Green Energy Venture to Position UAE at Forefront of Energy Transition
H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the E…
Oil Shale
Petrobras Sells Shale Oil Unit to Canadian Bank
Brazil's state-run oil company Petrobras signed a contract to sell its Shale Industrialization Unit for $33 million to Forbes & Manhattan Resources
Solar Power Plant
Colombia’s Largest PV Plant Comes Online
The 61 MW solar facility is owned by Colombian oil company Ecopetrol.
Oil Field
Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border
Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian…
Hydrogen Technology
Rosneft, ExxonMobil to Explore Low Carbon Technologies such as Hydrogen
Russian oil company Rosneft has teamed up with ExxonMobil to explore low-carbon technologies such as hydrogen as a means to reduce its greenhouse gas emissions.
UAE-UK Ink New Energy Partnership
Abu Dhabi National Oil Company, bp and Masdar announced the signing of strategic framework agreements to expand upon the UAE and UK’s longstanding track record…
Libya
Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money
Oil Field
ONGC's 2nd Oil Rig to be Operational at Kalol by Mid
The ONGC, India's national oil company, five years ago decided to replace its aging fleet with 47 new rigs, including 27 for drilling and 20 for workover.
Oil Field
Iraq Approves BP's Plans to Spin off Rumaila Oilfield
Iraq's Cabinet has approved plans submitted by BP to spin-off the development of the Rumaila oilfield, the country's largest, as the oil company exits the count…
Oil & Gas Supply
Oil Company Stops Supplying Lebanon with Petrol
Coral Oil Company, operating in Lebanon since 1926, said the "unprecedented" halt to its operations comes as its current stocks run dry
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