Regions
NNPC to Take 20% Stake in Dangote Refinery
Nigeria’s Federal Executive Council has recently approved the acquisition of a 20% minority stake by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petrochemical Refinery. Timipre Sylva, Minister of State for Petroleum Resources, stated that the acquisition cost figure was $2.76 billion.
CVR Energy Delays Renewable Diesel Project Due to Feedstock Price Hike
CVR Energy of Texas recently announced that it was delaying the completion of a renewable diesel unit under construction at the company’s Wynnewood, Oklahoma facility. High feedstock prices were given as the reason for the project pause.
Mozambique's LNG Ambitions Stall
ExxonMobil has halted activities in Mozambique, but is ready to resume as security conditions allow.
Petrochemical Competition Heats Up in India
Adani Enterprises announced it had created a new subsidiary known as Adani Petrochemicals Ltd (APL) to focus on petrochemicals.
First Turbine in Djibouti
The diminutive East African nation of Djibouti has had its first turbine installed by Siemens Gamesa.
Oil majors pile into Scottish offshore wind tender
Scotwind tender draws 74 bids amid strong competition for North Sea project rights
Tellurian and Shell Sign Agreements for 3 mtpa
Tellurian Inc. announced today it has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell NA LNG.
Inter Pipeline and Pembina Terminates Takeover Offer, Heartland Petrochemical Complex Continues Pace
Inter Pipeline of Calgary announced in late July that its board of directors would not be reconfirming an $6.7 billion takeover offer from Pembina Pipeline Corporation. This arrangement agreement has indeed been terminated.
Sempra LNG And PGNiG Sign MOU For LNG Capacity From North American LNG Portfolio
Companies to collaborate to transition prior 2 Mtpa LNG SPA with Port Arthur LNG to Sempra LNG's portfolio of projects Sempra LNG and PGNiG to work toward development of GHG reporting and mitigation agreements for LNG cargoes
ExxonMobil and SABIC Mechanically Completes Gulf Coast Petrochemical Project
ExxonMobil and Saudi Basic Industries Corporation, also known as SABIC, jointly announced this week that their Gulf Coast Growth Ventures (GCGV) project near Corpus Christi, Texas has officially reached mechanical completion status. The partners stated that this success will put startup ahead of schedule and intended by the end of the year.
Shell has Eyes on More Hydrogen and CCS projects
Royal Dutch Shell (Shell) has set a goal to cut the carbon intensity of its emissions by 20 percent by 2030 and 45 percent in 2035 before reaching net-zero emissions by 2050.
A First Nation First?
The Nisga’a Nation, Rockies LNG Partners and Western LNG have announced the filing of the Initial Project Description for the Ksi Lisims LNG project with the Government of British Columbia and the Government of Canada.
China Steps Further into Iraq with New Refinery Agreement
The Iraq Ministry of Oil recently announced that China had agreed on a plan for the funding, construction, and operation of a new refining and petrochemical complex in Southern Iraq.
HYPORT Duqm signs cooperation agreement with Uniper to explore green ammonia offtake
Oman’s strategic green hydrogen project HYPORT Duqm has signed a cooperation agreement with energy giant Uniper. Under the cooperation, Uniper will be joining the project team to provide engineering services and negotiate an exclusive offtake agreement of green ammonia.
Western Green Energy Hub in Australia set to transform global green fuels production
An international consortium comprised of InterContinental Energy, CWP Global and Mirning Green Energy Limited, is announcing today an integrated green fuels mega project in the South-East of Western Australia
Highfield Energy joint venture secrures E160m financing for Irish Solar PV duo
Press Release - Highfield Energy
Motiva Ceases Plans for Multibillion Dollar Petrochemical Expansion in Texas
Saudi Aramco owned Motiva Enterprises LLC has reportedly suspended its plans to implement petrochemical operations at its 630,000 barrel per day refinery complex in Port Arthur, Texas. Saudi Aramco has been reviewing this plan since last September as the company has been deliberating on increasing its oil and natural gas production instead.
Saipem launches SUISO, a technological solution for the offshore production of green hydrogen
Saipem launches SUISO, a technological solution for the production of green hydrogen thus confirming its commitment to support its clients in the energy transition. SUISO combines various renewable energy sources such as floating wind, floating solar and marine energy in a single system. The aim is to power, together or individually, electrolyzes installed on existing offshore platforms for the production of green hydrogen.
AVANGRID Poised to Build Green Hydrogen Future
AVANGRID, Inc., a leading sustainable energy company, announced today that it has submitted multiple responses as part of the U.S. Department of Energy’s Request for Information (RFI) on ways to enable low-cost clean hydrogen at scale, outlining green hydrogen concepts for Connecticut, New York, Maine, Oregon and the Gulf Coast.
10,000 bpd Nigerian Refinery Due in 2023
In mid-July, Nigerian independent company ND Western Limited announced it was developing a new 10,000 barrel per day modular refinery in Utorogu, Delta State. ND Western Limited is a consortium comprised of Niger Delta Petroleum Resources Limited (NDPR), Petrolin Trading Limited (PETROLIN), FIRST Exploration & Petroleum Development OML 34 Limited and Walter-Smith Exploration and Production Limited.
chevron and cummins announce strategic collaboration on hydrogen
Chevron and Cummins Inc., a global power and hydrogen technologies leader, announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.
Shell and PetroChina sign world’s first term contract for Carbon-neutral LNG
PetroChina International Co. Ltd. today received its first carbon-neutral1 liquefied natural gas (LNG) cargo at Dalian port of China, after signing the industry’s first2 term contract for carbon-neutral LNG supply with Shell.
Shell Joins Aukra Hydrogen Hub
Aker Clean Hydrogen and CapeOmega have signed a Memorandum of Understanding with AS Norske Shell to explore opportunities to develop the Aukra Hydrogen Hub to a large-scale production facility for clean hydrogen using natural gas from the local gas processing plant at Nyhamna.
The World in Review
BP’s annual Statistical Review of World Energy was launched virtually by Chief Economist Spencer Dale on 8 July.
ArcelorMittal signs MoU with the Spanish Government supporting €1 billion investment in decarbonisation technologies
New DRI and EAF installations in Gijón will reduce carbon emissions at the company’s Spanish operations by approximately 50%. The DRI installation in Gijón will also enable ArcelorMittal Sestao to be the world’s first full-scale zero carbon-emissions steel plant.
Qatar Petroleum and Korea Gas Corporation (KOGAS) signs a 20-year SPA to supply 2 Million tons of LNG Annually
Qatar Petroleum entered into a new, 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) for the supply of 2 million tons per annum (MTPA) of LNG to the Republic of Korea.
PBF Energy’s Renewable Diesel Project Wins Local Support in Louisiana
The developing renewable diesel unit at PBF Energy’s long-running refinery in Chalmette, Louisiana was recently bolstered by a tax exemption approval.
Asian renewable energy hub faces setback
The Asian Renewable Energy Hub (AREH) is one of the world largest and most ambitious energy projects.
A future jewel in the crown?
Crown LNG has signed an agreement with Aker Solutions.
First Garbage to Zero Carbon Fuels Plant Completes Construction
Fulcrum BioEnergy of California announced on July 7th that it has indeed completed the construction work on its Sierra Biofuels Plant in Nevada. The company stated that this is the world’s first commercial scale plant that allows conversion of garbage into low-cost, zero-carbon transportation fuels.
