Saturday 5 December 2020

Aramco set to expand global footprint in chemical industry: CEO

With the $69 billion acquisition of Sabic, a global leader in the chemicals industry in June and investments in oil-to-chemicals technology, state oil giant Saudi Aramco has positioned itself for downstream growth, said Aramco President and CEO Amin Nasser.   


Enoc and Emarat add E-PLUS 91 to fuel offering

Enoc and Emarat have announced the addition of E-PLUS 91 to their diverse range of fuel offerings that include quality grades such as Special ULG 95 and Super ULG 98 in the motor gasoline category.   E-PLUS 91, used for low compression engines, will be available


Floating power plant market to surpass $565bn by 2030

In terms of revenue, the global floating power plant market is estimated to expand at a CAGR of 6.5% and touch $565 billion by 2030, according to Transparency Market Research (TMR).   This is owing to numerous factors, regarding which TMR offers thorough insight


Libya’s NOC, Eni discuss restart of stalled projects

The Chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla recently met with Claudio Descalzi, CEO of Italian oil major Eni, to discuss the resumption of projects which are suspended due to financial constraints. They also discussed maintaining the rates of pro


Novatek launches first carbon-neutral LNG station

Russia’s Pao Novatek, a leading natural gas producer, has announced that its wholly owned subsidiary, Novatek Green Energy, has launched its first carbon-neutral LNG fuelling station in Rostock, Germany.   Carbon neutral offsets from a carefully selected portfolio of emission


Global energy leaders discuss key cleantech issues

Representatives from countries covering 75% of global energy demand recently took part in a multilateral meeting organised by the IEA to discuss key issues such as enhancing international cooperation and accelerating clean energy transitions. The Multilateral Meeting of IEA Acces


Yokogawa to market Power Factors’ APM

Yokogawa Electric Corporation and US-based Power Factors, have announced a global reseller agreement under which Yokogawa will market Power Factors’ solutions.   As per the deal Yokogawa will market  Power Factors’ industry-leading Drive softwar


ExxonMobil plans $25bn spend per year to 2025

ExxonMobil said in its business plan that it plans to spend $16-$19 billion in capital and exploration investments during 2021 and $20 billion to $25 billion annually to 2025 while prioritizing on high-value investments. The company plans to double earnings by 2027, when viewed o


Oman Oil Marketing names new acting CEO

Oman Oil Marketing Company (OOMCO) has appointed Hussain Jamaa Ismail Bait Ishaq as the Acting Chief Executive Officer replacing David Michel Kalife. Bait Ishaq, who is currently the general manager of retail, has been with the company for the last 13 years.   A


Trende selected to join 11 leading edge companies

Trende, a renewable energy retailer in Japan, has been selected to join 11 other ground breaking growth stage ventures at the 2020 Unreasonable Impact Asia Pacific programme.   With the global pandemic continuing to have an enormous impact on all aspects of life

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