07 December 2023
07 December 2023
The agreements come amid Nigeria's efforts to enhance energy security by utilising its huge natural gas resources.
Pakistan State Oil (PSO) currently owns a 63.6% stake in Pakistan Refinery Limited (PRL), a hydro skimming refinery in Karachi.
Shell has requested formal proposals from the interested parties by the end of February 2024.
Gate will undertake pre-commissioning and commissioning planning and execution of the floating production unit (FPU) at HD Hyundai Heavy Industries' (HHI) yard in South Korea.
The increase came following the removal of the export ban.
The move has been generally applauded by environmental advocates, although focus now falls on Australia’s investments in fossil fuel projects at home.
The US lifted the sanctions in October to ease political tensions in the South American nation.
The continent is predicted to add a capacity of 2.48mtpa from seven new-build planned developments.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.
Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.
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