Abu Dhabi National Oil Co., also known as ADNOC, will acquire a 25 percent stake in European petrochemical company Borealis AG from Mubadala Investment Co., both firms have announced. Financial details of the transaction are not being disclosed and the transaction is subject to customary closing conditions and regulatory approvals, according to a statement, Borealis […]

Baker Hughes (NYSE:BKR) has announced it has deployed its industry-leading remote operations digital technology across Aramco’s drilling operations, encompassing 200+ sites, the largest deployment of its kind in Baker Hughes’ history. Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with a single solution that covers data aggregation from the […]

GIE publishes an in-depth analysis  of the role of gases and the existing gas infrastructure in supporting Central-Eastern- and South-Eastern- Europe towards climate neutrality by 2050. The research covers 10 EU Member States, including Austria, the Czech Republic, Germany, Greece, Hungary, Latvia, Poland, Romania, Slovakia, and Slovenia. “This analysis shows that one thing is clear: there […]

HoverGuard™ will transform safety and environmental measurement capabilities for operators of millions of kilometers of pipelines traversing the globe. Pipelines often cross inaccessible terrain to supply industrial and domestic gas. Operators of these networks must ensure the safety, integrity and reliability of their pipelines but accurate detection of odorless and invisible gas leaks can be […]

The MD FIRST E & P Mr. Ademola Adeyemi BERO has visited  the Nigeria Directorate of Petroleum Resources DPR and Presented to then  DIRECTOR/CEO Mr Sarki Auwalu with the FPSO “ABIGAIL JOSEPH” UNIT MODEL. According to Yinson the renowned world FPSO builder, The Conversion and life extension phase of the vessel is completed has set […]

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following reserves update on the Abu Sennan concession, onshore Egypt. United Oil & Gas holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Highlights: Independent reserves […]

The latest data released by the Global Wind Energy Council (GWEC), Africa and the Middle East region installed 821MW of new wind power capacity in 2020, pushing total capacity in the region over 7GW. While this growth in the region is stable and almost the same level as 2019, despite the COVID-19 pandemic affecting supply […]

Elkem’s long term goal is to achieve carbon-neutral metal production. Currently, Elkem is conducting a feasibility study for the establishment of carbon capture at the Norwegian smelters. In connection with the feasibility study, Elkem has entered into agreements with two alternative technology providers: Aker Carbon Capture and Saipem. Elkem, one of the world’s leading suppliers […]

Chevron Technology Ventures (CTV) has announced the launch of its $300-million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all. With the first Future Energy Fund launched in 2018, CTV invested in more than 10 companies with more than 150 other investors to support […]

Politically volatile and fiscally challenged Algeria has replaced its energy minister again, in yet another cabinet shuffle, putting familiar face Mohamed Arkab back in charge of the OPEC member’s stagnating oil and gas portfolio. Arkab replaces Abdelmadjid Attar, the former Sonatrach CEO who had been named to the post just last June, supplanting Arkab, who […]