Companies

Rosneft Oil Company has held a seminar on the organisation of the company’s procurement activities in the format of a video conference. The event was attended online by representatives of more than 20 leading Japanese suppliers and contractors. The seminar was arranged as subject to the agreements achieved at the …

Siemens Smart Infrastructure and Infrastructure and hydrogen specialist WUN H2 have signed a contract to build a large CO2-free hydrogen production plant the plant running solely on renewable energy in Germany. It will be built in Wunsiedel in the north of Bavaria with a power intake of six megawatts in …

After the Amur Gas Processing Plant (GPP) in the east of Russia, which is 66% complete, reaches its full capacity, Gazprom will a major player in the international helium market, Russian gas monopoly Gazprom Chairman Alexey Miller said on September 23. At the GPP, the multi-component gas extracted from the …

Royal Dutch Shell has reportedly initiated a major cost-cutting programme with an objective to bring down its oil and gas production costs by up to 40%. The cost-cutting will help the energy company to generate cash savings and enable it in revamping its business, reported Reuters citing undisclosed sources. This …

BP is probably the first oil major that has made concrete plans for the end of oil — or at least the shrinking of its role. The company announced a big strategic pivot in August that would see it turn from an “integrated oil company” to an “integrated energy company”. …

Five years after abandoning an ambitious multibillion-dollar offshore Arctic exploration program, Royal Dutch Shell is again proposing to drill for oil in Arctic Alaska — but this time, in a more modest fashion. Company unit Shell Offshore Inc., in an Aug. 27 application to the Alaska Division of Oil and …

Rome-based Eni SpA and London-based BP PLC on Wednesday announced a new gas discovery in the Great Nooros area, located in the Abu Madi west development lease, offshore Egypt. Eni, through its subsidiary IEOC, holds a 75% stake in the license of Abu Madi, while BP holds the remaining 25% …

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on …

Poland’s oil and energy giant PKN Orlen says it is aiming at carbon emission neutrality by the year 2050. Central and Eastern Europe’s leader in the energy sector, Orlen said this week it will invest heavily in developing cleaner production methods and greater efficiency, as well as in wind and …

Gazprom supplied 2.3 bln cubic meters of gas to China via the Power of Siberia gas pipeline in January-August period of 2020, Director General of Gazprom Transgaz Tomsk Vladislav Borodin told a corporate magazine. “Gazprom Transgaz Tomsk transported over 15 bln cubic meters of gas in eight months of this …