Ampol’s Lytton oil refinery in Brisbane is facing permanent closure despite a recent federal government proposed A$2.5 billion fuel security package for the refining industry. The Lytton plant has recorded a A$82 million loss for the September quarter bringing its total losses to A$141…
The UK Oil and Gas Authority (OGA) has announced that it has awarded a carbon dioxide appraisal and storage licence to Eni UK Limited. Under the licence, which will cover an area located within the Liverpool Bay region of the East Irish Sea, Eni…
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea. The agreement between the two companies was signed by Lukoil President Vagit Alekperov…
Equinor, together with eleven other companies and organisations, has submitted a joint proposal to create a low carbon cluster in the Humber, the UK’s largest and most carbon-intensive industrial region. The application by the Zero Carbon Humber (ZCH) Partnership is a first step to…
In a research partnership, Scania will develop a solar cell clad trailer to power a plug-in hybrid truck. Initial tests indicate possible fuel savings of five to ten percent in Sweden and twice that amount in sun-rich southern Spain. “Solar cells have previously…
Total has taken a 20% stake in the Eolmed floating wind farm pilot project in the French sector of the Mediterranean. The location is off the coast of Gruissan and close to Port-La-Nouvelle. Qair is the developer and majority shareholder of the 30-MW…
Following the news of the merger of Chrysaor with Premier Oil today, OGUK’s chief executive Deirdre Michie, said: ‘Chrysaor and Premier Oil are great stewards, contributors and champions of this industry so this investment is encouraging news for the UK Continental Shelf. ‘With…
Chevron Corporation has overtaken Exxon Mobil Corporation as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. California-based Chevron had a market capitalisation of…
Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm. LR said the agreement follows a comprehensive review of LR’s business portfolio and strategic direction. As disclosed, the deal will create…
Tokyo Gas Company Ltd has signed an agreement with First Gen Corporation. of the Philippines to begin construction of a five-million tonne/year LNG terminal at Batangas City, Southern Luzon Island. The terminal will use a floating storage and regasification unit and the companies expect…
