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Aspen Technology Software to Help Improve Operations and Supply Chain Alignment for Shell
June 2, 2021
Aspen Technology said Shell Catalysts & Technologies is implementing Aspen Schedule Explorer™ software in multiple plants throughout North America and Europe. The supply chain management solution will improve coordination, communication and visibility for operations and supply chain personnel, which will
Tellurian and Gunvor Sign 10-year LNG Agreement
June 1, 2021
Tellurian and Gunvor Singapore Pte Ltd (Gunvor) enter into a liquefied natural gas (LNG) sales and purchase agreement (SPA) for three million tonnes per annum (mtpa) for a ten year period, indexed to a combination of two indices; the Japan
OPEC: IEA Net-Zero Pathway Could Add to Oil Price Volatility
May 25, 2021
OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund
Asian Development Bank to Stop Financing Coal Plants
May 13, 2021
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups. The ADB, which provides loans and grants for projects in the poorest
Global LNG Markets Face Lasting Disruption as Crisis Deepens in Mozambique
May 10, 2021
A deteriorating security situation in northern Mozambique threatens to leave lasting disruption on the global liquefied natural gas (LNG) market, with knock-on supply effects expected later this decade that will put upwards pressure on commodity prices. Violent insurgencies linked to
EIG Signs $12.4 Billion Infrastructure Deal with Aramco
April 12, 2021
EIG has entered into a lease and lease-back agreement with Saudi Arabian Oil Co. (Aramco), under which a consortium of investors led by EIG will acquire a 49 percent equity stake in Aramco Oil Pipelines Company, a newly formed entity
Shell to Sell Egypt Onshore Assets for Up to $926 Million
March 9, 2021
Shell Egypt has entered into an agreement to sell upstream assets in Egypt’s Western Desert to Cheiron Petroleum Corporation and Cairn Energy for up to $926 million, the company said on Tuesday. The package of assets consists of Shell Egypt’s
OPEC+ Extends Most Oil Output Cuts Into April, Saudi Arabia Keeps Voluntary Curb
March 5, 2021
OPEC and its allies agreed to extend most oil output cuts into April, offering small exemptions to Russia and Kazakhstan, after deciding that the demand recovery from the coronavirus pandemic was still fragile despite a recent oil price rally. OPEC’s
LNG Platform Company WaveCrest Energy Formed to Deliver Natural Gas to Underserved Markets
February 24, 2021
Macquarie Capital has launched WaveCrest Energy, a platform that will develop, construct, own, and operate liquefied natural gas regasification, power and downstream infrastructure assets. WaveCrest delivers end-to-end project solutions — from early-stage development through project financing, construction and commercial operation
ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets for $1 Billion
February 24, 2021
ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than
