Contribution By Saif Bepari
April 25, 2019
The Beijing-based CNOOC Limited, which is major subsidiary of China National Offshore Oil Corporation, has made it to the headlines with the announcement of a contract between its subsidiary and PetroChina Company Limited. Apparently, CNOOC China Limited (the subsidiary) has recently entered into a contract …
ExxonMobil inks long-term deal with Zhejiang Energy for LNG supply
April 24, 2019
ExxonMobil and Zhejiang Energy aim to develop a major LNG gateway in China’s Ningbo-Zhoushan region ExxonMobil has recently announced that it has entered into a sales & purchase agreement with Zhejiang Provincial Energy Group for the supply of liquefied natural gas (LNG). Under this agreement, …
Saudi Aramco to acquire Shell’s 50% stake in the SASREF joint venture
April 22, 2019
The latest acquisition is an integral part of Aramco’s policy of scaling up its downstream operations The Saudi Arabian oil & gas major, Saudi Aramco, has reportedly announced its acquisition of a 50 percent stake of Royal Dutch Shell in their refining joint venture named …
Turan Drilling & Engineering scores first contract with BP for $500 Mn
April 18, 2019
The SOCAR AQS and KCA Deutag-owned Turan Drilling & Engineering Company LLC has reportedly received its first contract, with BP Exploration Limited. As per trusted sources, the contract is valued around $500 million for the fixed duration or $700 million with all options and is …
Royal Dutch Shell forms shale exploration JV with China’s Sinopec
April 11, 2019
The Shengli Oil Field is the flagship asset of Sinopec in China, however it is struggling with declining production The new joint study venture comes in the backdrop of Chinese government’s efforts to improve domestic reserves and production by encouraging China-foreign projects The United Kingdom-based …
Total signs initial agreement on Papua LNG project worth $13 billion
April 10, 2019
In a recent turn of events, France based Total and its partners inked a much-awaited agreement with Papua New Guinea which would allow preliminary work to commence on a $13 billion project to double the nation’s LNG exports. Oil Search, a partner company of Total, …
Idaho Power signs a new ultra-low solar PPA to buoy renewables plan
April 5, 2019
Unlike a majority of cheap solar PPA agreements in the U.S, Idaho Power’s move comes in the market’s fledgling state. The move comes immediately after the company announced its plan to generate 100% clean energy by year 2045. Idaho Power Company (Idaho Power), an Idaho-based …
ABB and Rolls-Royce partner over microgrid technology and automation
April 4, 2019
In a recent turn of events, ABB and Rolls-Royce have reportedly partnered over advanced automation and microgrid technology under which the companies will collectively provide an innovative, energy-efficient microgrid solution for industrial, utilities, and commercial entities. Indeed, consistent power supply, even in times of peak …