China’s Sinopec will take a stake in the eastern expansion of Qatar’s North Field liquefied natural gas (LNG) project, state energy company QatarEnergy said on Wednesday. The state-owned Chinese gas giant will take a 5 percent stake in the equivalent of one North Field East LNG train with a capacity …
Read More »Sinopec Has Big Plans for Green Hydrogen
Sinopec, China’s oil and chemical giant, is set to build the first ‘West to East’ green hydrogen transmission line in the country, according to a report in state media. The company will construct a 400km pipeline from Inner Mongolia’s Ulanqab to Beijing to transfer hydrogen from renewable energy projects in …
Read More »Turkish BOTAS, Azerbaijan’s SOCAR Establish Joint Venture for Gas Supply to Europe
Cooperation between Türkiye and Azerbaijan in the field of energy is rapidly developing. Turkish BOTAS and Azerbaijan’s SOCAR have established a joint venture to supply gas to Europe,” said Turkish Minister of Energy and Natural Resources Fatih Donmez as he addressed CNN Turk TV channel. He noted that the Balkan …
Read More »Exxon Launches New Unit at Beaumont Refinery
Exxon this week started a new crude oil distillation unit at its Beaumont refinery, boosting its daily capacity to almost 620,000 bpd. This makes the Beaumont facility the second-largest refinery in the United States after Aramco’s Motiva, Reuters reported. The new unit itself will have a capacity of 250,000 barrels …
Read More »TotalEnergies, Iraq Reach Agreement on $10bn Gas Growth Integrated Project
The French energy company and Iraqi government have agreed to allot a stake of 30% to the state-owned Basra Oil Company and 25% to QatarEnergy in the project, which involves recovery of flared gas on three oil fields for feeding gas to power plants along with the construction of a …
Read More »QatarEnergy to Acquire 25% Stake in Major Iraqi Gas Project
QatarEnergy, the Gulf country’s state-run petroleum firm, said Wednesday it has agreed to buy a 25% stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, …
Read More »TotalEnergies Confirms Deal with Iraq on $27bn Energy Project
French oil major TotalEnergies confirmed it had reached an agreement with the Iraqi government on a long-delayed $27 billion energy project, reviving a deal which Baghdad hopes could lure back foreign investment in the country. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables …
Read More »ExxonMobil Deal Enables QatarEnergy to Add more Offshore Acreage to Its Oil & Gas Portfolio
Qatar’s state-owned energy giant QatarEnergy has entered into a farm-in agreement for two exploration licenses offshore Newfoundland and Labrador in Canada with ExxonMobil Canada, a subsidiary of the U.S. oil major ExxonMobil. This deal allows the Qatari player to expand its offshore exploration portfolio in Atlantic Canada. QatarEnergy revealed on …
Read More »ADNOC, BP Form Natural Gas Partnership to Purchase Israeli Energy Company for $2 Billion
BP Plc and Abu Dhabi National Oil Co. will form a natural gas joint venture and have made an offer to take Israel’s NewMed Energy private in a deal worth around $2 billion. The move will deepen BP’s presence in the eastern Mediterranean and mark ADNOC’s first venture into the …
Read More »Chinese Oil Companies Lead in Iraqi Oil Purchases for February
Iraq’s State Organization for Marketing of Oil (SOMO) announced that Chinese oil companies were the largest buyers of Iraqi oil during the month of February. According to statistics published on SOMO’s official website, Chinese companies accounted for 7 of the 35 firms that purchased oil last month. SOMO’s data revealed …
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