Companies

BASF announced that the company will bundle its renewable-energy activities under BASF Renewable Energy from 1 January 2022. The company will focus on supplying the BASF Group in Europe with electricity from renewable energies, European electricity trading activities and provide global consulting and expertise on renewables for BASF and group …

Gazprom does not plan to produce shale gas that adversely affects the environment in view of being supported by proven reserves at conventional fields, the company said on Tuesday. “Gazprom also does not plan shale gas production in view of high availability of proven gas reserves at conventional fields, whose …

Maersk Drilling has merged with Noble Drilling and will move into the latter’s headquarters in Houston, the US, to make the new company the third largest rig owner in the world. Maersk is headquartered in Denmark. Taking the name of Noble, the merger brings in a synergy that is in …

Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …

Russia’s Gazprom PJSC said it’s kicking off a plan to send gas into five European storage facilities in November, delivering on a promise made by President Vladimir Putin to the energy-hungry continent last month. “The volumes and gas-transportation routes have been determined,” Gazprom said in a statement, without giving further …

US energy giant ExxonMobil has made a final investment decision on a multi-billion-dollar chemical complex in Guangdong province in southern China. The greenfield project includes a 1.6m tonne/year flexible feed steam cracker, three performance polyethylene (PE) lines, and two differentiated performance polypropylene (PP) lines, ExxonMobil said late on Monday. Construction …

QatarEnergy has placed the first batch of LNG shipbuilding orders with Korean shipyards consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI). The orders came in the form of QatarEnergy’s declaration of its ship construction options with the two Korean …

Saudi Arabia’s state-run energy giant, Saudi Aramco, has increased the official selling price of the Kingdom’s crude to Asian and US buyers. Global oil prices reportedly saw a smaller weekly loss as a result. In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers …

China’s Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement. The LNG will be supplied …

As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc. Fossil fuel consumption is recovering despite growing urgency in the effort to curb emissions of …