Companies

The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, explained on Monday that energy projects carried out by TotalEnergies in Iraq will be completed in 2028 and 2029, the Iraqi News Agency (INA) reported. TotalEnergies signed last week a $27 billion energy deal expected …

Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more …

A number of agreements were signed to strengthen the partnership between Sonatrach and TotalEnergies in the production of natural gas, the delivery of liquefied natural gas (LNG) to Europe, and the advancement of renewable energy in Algeria during a meeting held on July 10, in Algiers. Under a first agreement, …

Shell Plc’s earnings from natural gas trading will be significantly lower in the second quarter, due to seasonal shifts in the market. Oil and gas production will also be down compared with the first three months of the year due to field maintenance, while the company’s chemicals business is expected …

TotalEnergies’ Senior Vice President Africa, Exploration and Production, Henri-Max Ndong Nzue said Monday that his company will drill a crude oil exploration well in the Republic of Congo. Nzue was speaking to members of the press after a meeting with Congolese President Denis Sassou N’Guesso. “Looking ahead, we have an …

Energy prices could spike again this winter, the head of the International Energy Agency has warned. Speaking to the BBC, Fatih Birol said that if China’s economic recovery from the pandemic accelerated later this year and the winter in the northern hemisphere was harsher than last year’s, prices would rise. …

Chinese oil giant Sinopec has begun producing green hydrogen at a plant in Xinjiang, using solar power to electrolyse water, the company announced on Friday. The facility is Sinopec’s first green hydrogen plant and has the capacity to produce 20,000 metric tonnes of hydrogen a year, it said in a …

French energy giant TotalEnergies is today set to sign memoranda of understanding with Petronas and its renewable energy company Gentari during chief executive Patrick Pouyanne’s visit to Malaysia. Pouyanne told the Energy Asia 2023 conference in Kuala Lumpur on Monday morning that the agreements scheduled to be inked later today …

Equinor’s second Polish solar plant has started test production in the north of the country. The 60MW Zagórzyca solar plant, located in the Damnica municipality, was developed and will be operated by the Polish renewable power producer Wento, Equinor’s 100% subsidiary. Equinor acquired Wento and its 1.6GW pipeline of solar …

Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Saturday. “Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, …