Companies

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, …

Gazprom is ready to help African countries to produce natural gas, representatives of the Russian gas giant said at a meeting with officials from African countries in Johannesburg this week. “I believe that Gazprom’s experience implementing liquefied natural gas and gas pipeline construction projects could be of interest to South …

China’s Cnooc Ltd. is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corp. as the East African nation seeks to boost the development of its natural resources. The joint work will be conducted in deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzanian Energy Minister …

Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said on Wednesday, adding the operation was continuing super-chilled fuel exports to Japan. “We have decided last year to keep our stake in the Sakhalin-2 after …

QatarEnergy will sign a 27-year deal to supply China’s National Petroleum Corp with 4 million tons of liquefied natural gas (LNG) per year, sources told Reuters on Tuesday. CNPC will also take a 5 per cent equity stake of one LNG train of QatarEnergy’s north field gas expansion, sources added.

One of the world’s largest oil and gas companies—and a favorite target of climate activists and activist investors—is making something of a U-turn on its plans for the future. Shell, which was sued into cutting its oil output, is going back to oil and gas in a big way, and …