Energy Update
SABIC has completed the acquisition of 50% stake in SADAF petrochemicals joint venture (JV) from Shell for around $820m.
Korean giant Samsung Engineering has secured two contracts worth $500m from two subsidiaries of Thailand’s state-owned oil & gas company PPT.
ScottishPower Renewables plans to use larger, “next generation” wind turbines for its East Anglia 3 offshore wind farm than on previous phases of the project.
London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030.
Some commentators and participants still question the extent of China’s supply-side reforms, but the effects — or the perception of the effects — are undoubtedly reverberating throughout the global steel and metals market right now.
French President Emmanuel Macron may only have been in power for a couple of months, but his first statements on Africa have reawakened African fears of neo-colonialism.
(Wed, 16 Aug 2017) As new pipeline projects and expansions are completed, the difference between the Henry Hub national benchmark price and daily spot natural gas prices at pricing hubs in the Appalachian region has narrowed.
Husky Energy has agreed to acquire Superior refinery from Calumet Specialty Products Partners in US, for around $435m.
Greka Drilling, the largest independent and specialized unconventional oil & gas driller in Asia, has announced that the Company has been awarded two new drilling contracts with PetroChina Huabei Oilfield Limited (PetroChina, a subsidiary of CNPC) in addition to the one currently in progress.
Winchester Energy has advised that it has spudded the White Hat 39#1 well on its White Hat ranch oil and gas lease in Nolan County, Texas, USA.
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