Tag Archives: Rigzone

Russia expects to get a huge inflow of energy revenue by the end of this year despite an oil price cap imposed by Group of Seven nations, and may channel it toward spending as the government continues to pour resources into the war in Ukraine. In the last five months …

QatarEnergy has signed a long-term condensate supply agreement with the Dubai-based ENOC Group, it said recently. Under the 10-year sales agreement, QatarEnergy will supply up to 120 million barrels of condensates to ENOC starting July. The deal was by QatarEnergy, for and on behalf of Qatar Petroleum for the Sale …

Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more …

Shell Plc’s earnings from natural gas trading will be significantly lower in the second quarter, due to seasonal shifts in the market. Oil and gas production will also be down compared with the first three months of the year due to field maintenance, while the company’s chemicals business is expected …

The United Arab Emirates plans to invest as much as $54 billion on renewables over the next seven years as part of efforts to reach net zero emissions by 2050. The nation is targeting a threefold increase in the share of energy produced from renewable sources over the period and …

An unusually warm winter in the southern hemisphere is threatening to saddle Argentina with a glut of liquefied natural gas. Argentina is spending about $1.8 billion to import 44 LNG cargoes this year, with 20 already delivered and the remainder scheduled to arrive in the coming months. The mild weather …

The Norwegian government announced Tuesday it intends to allow seabed extraction for minerals on the country’s continental shelf saying Norway needs minerals “to succeed in the green transition”. Made a day after the United Nations adopted a historic pact to protect the high seas, the announcement drew condemnation from environmental …

Mitsubishi Shipbuilding Co. Ltd. has entered a deal for technical studies on technologies that would enable ammonia to be used to power vessels. The agreement with Winterthur Gas & Diesel AG (WinGD) will test the gas commonly used for fertilizers on “large, low-speed two-stroke marine engines” currently being developed by …

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 …

Abu Dhabi’s main energy company will sell a 15% stake in its logistics and shipping unit in an initial public offering, kicking off the second listing of one of its businesses this year. Abu Dhabi National Oil Co. will offer about 1.11 billion shares in Adnoc Logistics & Services, it …