Petrofac Emirates has been awarded two contracts. together worth around US$1.65 billion with Abu Dhabi National Oil Company in the United Arab Emirates.
Read More »LNG Market Rout Offers Glimmer of Hope
The hit to Chinese demand for LNG due to coronavirus has exacerbated the already weak market.
Read More »Shell. Subsea 7 Ink Five-Year Digital Transformation Program
Subsea 7’s Life of Field business unit. and Shell International Exploration &. Production. Inc. have entered into a collaborative technology agreement to accelerate subsea digitalization.initially for a period of five years from the fourth quarter of 2019.
Read More »Oil’s Five Day Rally Ends. Revealing Longer-Term Price Weakness
A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.
Read More »U.S. Sanctions Russian Producer Over Links to PDVSA
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.
Read More »Russia Rejects US Sanctions against Rosneft Trading S.A
The U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas.
Read More »Shell Agrees Supply Deal from Europe’s Largest Battery Project
The 100MW Minety project. backed by China Huaneng Group and Chinese sovereign wealth fund CNIC. is expected to be completed by the end of 2020.
Read More »World’s Richest Man Commits $10bn to Tackling Climate Change
The founder and CEO of Amazon Jeff Bezos announced the creation of the Bezos Earth Fund in an Instagram post.
Read More »Coronavirus Impact on China’s Power and Renewables Sector
IHS Markit expects that the economic shock is likely to reduce China'.s 2020 GDP growth to 5.4%.
Read More »Asian Markets Fall as Coronavirus Hits Earnings. Growth
China is the world’s biggest importer and consumer of oil.
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