NEWS — Click on text to read news by category: General | Product | People | Worldwide
Marathon Oil Enters Agreement to Further Develop Equatorial Guinea Gas Mega Hub
May 3, 2023
Marathon Oil Corporation (MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a heads of agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G., a Chevron company, to progress the next phases (phases II
Mexico Buys Iberdrola Power Plants for $6 Billion, May Have Gotten Burned in Deal
April 14, 2023
In a surprise if-you-can’t-beat-them-buy-them-out move, Mexican President Andrés Manuel López Obrador (AMLO) said Tuesday, April 4, that, after four years of verbally barraging the Spanish-owned Iberdrola energy company, his administration would now be purchasing the bulk of that company’s Mexican
Aker Solutions Pens Green Steel Deal, Joins First Movers Coalition
April 10, 2023
Aker Solutions has joined the decarbonizing First Movers Coalition (FMC) and has committed to a frame agreement for steel purchases, including some green steel destined to become topsides. “Aker Solutions is proud to join the First Movers Coalition to support
Wishing Everyone Blessings this Easter!
April 7, 2023
As we celebrate the resurrection of Jesus Christ, may we be reminded of the power of faith and hope, and may we experience a revival in our hearts and minds that brings peace and joy to our lives. May the
Transocean RIG Secures 2 Drilling Contracts from Equinor
April 4, 2023
Transocean Ltd. RIG has been awarded two separate drilling contracts worth $382 million by the energy company Equinor. Per the agreements, Transocean will provide drilling services at designated offshore locations to support Equinor’s exploration and production efforts in the oil
African Development Banks Invest $16 Billion in Oil and Gas Projects
March 30, 2023
The African Export-Import Bank (Afreximbank) and the African Finance Corporation (AFC) have invested about $16 billion in oil and gas projects across Africa. Of the total investment, $15 billion came from Afreximbank, while AFC invested over $800 million and an
Deutsche Bank Tightens Finance Policy on Coal, but Not on Oil and Gas
March 23, 2023
Deutsche Bank on Thursday tightened its coal financing policies but has yet to change its criteria for the oil and gas industries, drawing criticism from climate activists. Financial firms are under pressure from policymakers and investors to reduce the scale
Chevron and JERA Sign MOU to Explore Carbon Capture and Storage Projects in U.S. and Australia
March 9, 2023
Chevron New Energies, a division of Chevron U.S.A., and JERA Co. have signed a memorandum of understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This
Aramco Completes $2.65 Billion Acquisition of Valvoline’s Global Products Business
March 6, 2023
Aramco has completed the acquisition of the Valvoline global products business for $2.65 billion, through one of its wholly-owned subsidiaries. With this acquisition, Aramco accelerates its aim to become one of the world’s preeminent integrated, branded lubricants players. Aramco will
Equinor Agrees to Acquire Suncor Energy UK for $850 Million
March 3, 2023
Norway’s Equinor agreed to buy Suncor Energy UK Ltd. for $850 million, adding to its oil and gas production in the North Sea as Europe races to replace Russian supplies. Since Moscow’s invasion of Ukraine a year ago, Equinor’s importance
