Companies

Eni Eyes Refueling Partners as Market for Its Biodiesel

Eni SPA is campaigning for the use of its first renewables-based diesel among partner fuel transporters as part of its decarbonization strategy. The Italian state-controlled company says its HVOlution brand is produced using 100 percent renewable raw material based on European Union parameters. It has launched a promotional program targeting …

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Exxon and Partners Made $5.8 Billion in Guyana in 2022

Exxon and its partners in the offshore Stabroek Block in Guyana have made almost $6 billion from their operations. Citing official documents, Reuters says audited financial results show that Exxon, Hess Corp., and CNOOC earned a combined 5.8 billion from the Guyana business in 2022. Exxon’s individual share of the …

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Global Oil Giant Shell Participates in Bitcoin 2023

Shell, one of the world’s most significant oil and gas companies, is taking a considerable step towards cryptocurrency acceptance. The company is set to participate in the world’s largest Bitcoin conference. This surprising move sends ripples across both the traditional energy sector and the evolving cryptocurrency industry. Bitcoin’s adoption and …

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Amazon’s Second Headquarters to be 100% Powered by Renewable Energy

Amazon is previewing the sustainable aspects of its soon-to-open “HQ2” complex in Arlington, Va. In a corporate blog post, Amazon highlighted sustainable features of the campus, including low-carbon concrete, mass timber, electrified energy-efficient operations, advanced ways to reuse water, and two acres of landscaped roofs with native plants. In 2018, …

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BP Looks to Expand its Biofuels Business

Supermajor BP is weighing the possibility of investing directly in feedstock crop farming and buying stakes in producers of biofuel feedstock as it is accelerating its biofuels business, Nigel Dunn, Senior Vice President Biofuels at BP, told Reuters in an interview published on Wednesday. “Biofuels are an easy way for …

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QatarEnergy Awards $10B Contract for North Field South Project

QatarEnergy awarded a $10 billion contract to France’s Technip Energies and Consolidated Contractors Company, the company said on Tuesday. QatarEnergy said on Tuesday that the $10 billion project, awarded to Technip and Middle-Eastern-based CCC, is for engineering, procurement, and construction of its North Field South (NFS) project—home to the world’s …

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