New relationship between organisations seeks to accelerate bunker digitalisation and transparency and jumpstart the green transition in the marine fuel market COPENHAGEN, Denmark--(BUSINESS WIRE)--Technology company ZeroNorth has today announced it ha...
Earnings reflect Aramco’s ability to generate significant value, Net income: $42.4 billion (Q3 2021: $30.4 billion)Cash flow from operating activities: $54.0 billion (Q3 2021: $36.3 billion)Free cash flow1: $45.0 billion (Q3 2021: $28.7 billion)Gearing ratio1, 2: -4.1% as at September 30, 2022, compared to 12.0%...
National Grid has today launched a £50 million support fund to help alleviate financial distress caused by rising energy costs. Over the next two winters, the fund will make significant donations to organisations working on the front line of the energy crisis. The fund will be...
Nigeria plans to auction deep offshore oil and gas licenses for the first time in 15 years, according to a senior government official. The West African country will launch a bidding round for seven deep-water blocks in November, the chief executive of the Nigerian Upstream Petroleum...
ITOCHU Corporation has been selected for a sustainable aviation fuel (SAF) demonstration project by the Japanese Civil Aviation Bureau, Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The aim of the project is to demonstrate the blending of imported neat (i.e. unblended) SAF locally in...
An Israeli start-up has discovered a way to make green hydrogen, which could one day replace gas completely, on-scale and in an affordable way in a major breakthrough amid the global energy crisis. As the world scrambles to wean itself off fossil fuels, which have...
Following consent from the joint venture partners and regulatory approval, Shell Petroleum N.V. (Shell Petroleum) has completed the sale of its 100% shareholding in Shell Philippines Exploration B.V (SPEX) to Malampaya Energy XP Pte Ltd (MEXP), a subsidiary of Prime Infrastructure Capital Inc (Prime Infra).This...
Occidental (NYSE: OXY) and its subsidiary 1PointFive and King Ranch, a privately-held agricultural production and resource management company, today announced a lease agreement to support large-scale Direct Air Capture (DAC) projects for dedicated carbon dioxide (CO2) sequestration on 106,000 acres in Kleberg County, Texas. The...
Neptune Energy today announced it has been awarded Gold Standard status by the United Nation’s Environmental Programme (UNEP), in recognition of its ambitious plans to reduce methane emissions to net zero by the end of this decade. The Gold Standard award was provided by the Oil...
Woodside Energy (Woodside) and the Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MOU) aimed at securing a stable supply of energy for Japan and to assist in achieving its decarbonisation goals.Woodside Chief Executive Officer, Meg O’Neill, and JBIC Deputy Governor,...
Underlying replacement cost profit* $8.2 billion• Underlying replacement cost profit was $8.2 billion, compared with $8.5 billion for the previous quarter. Compared to the second quarter, the result was impacted by weaker refining margins, an average oil trading result and lower liquids realizations, partly offset...
MUMBAI, India--(BUSINESS WIRE)--Black & Veatch, a leading global provider of critical human infrastructure solutions, has named Ruturaj Govilkar as Country Manager and Managing Director, India, to steer the company’s growth. He will oversee all asp...