Shell Chief Executive Officer Ben van Beurden to step down, Wael Sawan appointed as his successor
Shell announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023*,...
Mubadala Energy company, has confirmed new gas reserves offshore Malaysia where the Abu Dhabi company is working with Petronas.
Preliminary analysis from the the Cengkih-1 exploration well in Block SK320 shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
Mansoor Mohamed Al...
Norway’s Equinor has agreed to a 10-year gas supply deal with Poland's PGNiG for 2.4 bcm/yr of gas via the new Baltic Pipe.
The Baltic Pipe Project connects the Norwegian gas export system to Poland via Denmark and facilitates flow of Norwegian pipeline gas to Poland.
“Equinor is a broad energy...
The Lukoil Varanday tariff war with Rosneft over Arctic oil transport from the Varandy loading terminal is headed to Russia's supreme court.
The conflict began in 2018 when state-owned Rosneft complained to the Federal Anti-monopoly Service about tariffs that Lukoil levels on shipments from the Varandey terminal on the Pechora...
A Turkish drilling ship has discovered a big natural gas reserve in the Black Sea.
President Recep Tayyip Erdogan told reporters that the drilling ship Fatih, which has been operating in the area since July, had found 320bn cu m (11,300 cu ft) of gas.
He said the Turkish Black Sea...
PTTEP Thailand awards Halliburton a contract to design and implement a series of digital transformation projects as part of PTTEP’s advanced production excellence (APEX) initiative. APEX will improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North and the Myanmar Zawtika Field. The...
Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in...
Petrobras downstream divestitures appear to be on course as Chief Executive Roberto Castello Branco reports in a 2nd quarter analysts' call that the Brazilian state oil company expects to close in "one to two months" on the sale of its RLAM refinery in northeastern Brazil.
Abu Dhabi's sovereign investment fund...
Weatherford INT digital collaboration expands as Weatherford International it is strengthening its ties with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D, the company has announced. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing...
Germany Targets African Energy as an investment opportunity, particularly in clean energy and digitalization technology companies.
In a webinar hosted by the African Energy Chamber (www.EnergyChamber.org) and Germany Africa Business Forum (GABF), speakers pointed out that Africa has recently shifted to the forefront of Germany’s foreign policy and development...
