International

Egyptian petroleum sector sign 7 carbon-cutting deals with global companies at COP27

Egyptian gas and petroleum companies signed on Saturday seven memorandums of understanding (MoUs) and agreements with a number of international companies on the sidelines of the ongoing 27th UN Climate Change Conference (COP27) in Sharm El-Sheikh.

Adnoc, ADQ launch next phase of growth for Taziz project

The centrepiece of the expansion will be a new world-scale, low-carbon footprint steam cracker to supply feedstocks for the various downstream production units

BP to Acquire US Biogas Producer Archaea for $4.1 Billion

BP Plc agreed to acquire biogas producer Archaea Energy Inc. for about $4.1 billion including debt, the latest step in the UK energy giant’s expansion into into lower-carbon fuels.

Qatar energy chief says oil and gas trade should be depoliticized

The comments by Kaabi come ahead of a Gas Exporting Countries Forum (GECF) meeting in Egypt and echo the views of many industry players who fear a G7 price cap on Russian oil could paralyse the trade worldwide.

BP to buy U.S. biogas producer Archaea for $4.1bln

The deal will the largest ever RNG acquisition, topping Chevron Corp $3.15 billion buyout of biodiesel maker Renewable Energy Group Inc earlier this year

Asia to lead global SBR capacity additions through 2026

India and China are the only countries that are expected to witness SBR capacity additions in Asia

Dubai plans to invest $21.79bln in renewable energy projects

Dubai has invested up to Dh40 billion in the renewable energy sector as it is the future and the emirate will invest another Dh40 billion to generate clean energy in coming years, says a senior official.

SONATRACH and NATURGY sign an agreement regarding their natural gas sale and purchase contracts

The national hydrocarbon company SONATRACH and the Spanish energy group Naturgy have signed on Thursday, October 6th, 2022 in Algiers an agreement relating to the contracts for the sale and purchase of natural gas between the two companies through the Medgaz pipeline.