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Statoil, Shell and Total enter CO2 storage partnership The project has the potential to be the first storage project site in the world receiving CO2 from industrial sources in several countries.

Statoil, Shell and Total enter CO2 storage partnership

The first phase of this CO2 project on the Norwegian continental shelf could reach a capacity of approximately 1.5mn tonnes per year

 •   Total buys Maersk Oil for $7.45bn in massive acquisition
 •   Shell named most valuable O&G brand by consultancy
 •   Emerson announces completing Statoil's uncertainty management contract


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Port of Antwerp implements 'Zero Pellet Loss' initiative

Port of Antwerp implements 'Zero Pellet Loss' initiative

In practical terms, a 'Zero Pellet Loss' consultative platform is being set up in Antwerp to organise measures for keeping the loss of pellets to an absolute minimum.
 
Nobel Prize in Chemistry 2017 for the development of cryo-electron microscopy

Nobel Prize in Chemistry 2017 for the development of cryo-electron microscopy

We may soon have detailed images of life's complex machineries in atomic resolution.
 
ADNOC's Voyager engine oil, lubricant to be sold in Ethiopia, Yemen

ADNOC's Voyager engine oil, lubricant to be sold in Ethiopia, Yemen

The new agreements with Ethiopia's Kinsi General Trading Company and Yemen's Myco General Trading Company are a further milestone in ADNOC Distribution's drive to increase business, optimise performance and secure greater access to international markets.
 
DowDuPont completes structure of three intended firms, realigns $8bn in revenue to specialty division

DowDuPont completes structure of three intended firms, realigns $8bn in revenue to specialty division

On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8bn and operating EBITDA of approximately $2.4bn, including approximately 40% of heritage Dow Corning EBITDA.
 

 

CEFC's Rosneft stake purchase strengthens China-Russia partnership

CEFC's Rosneft stake purchase strengthens China-Russia partnership

Chinese energy conglomerate CEFC is buying a 14.16% stake in Russian oil major Rosneft from the current consortium that owns a large stake
 
Decision on output cuts likely in November: Kuwait oil minister

Decision on output cuts likely in November: Kuwait oil minister

The decision to extend the production cut deal between OPEC and non-OPEC oil producers beyond March 2018 will be taken at the cartel's scheduled meeting in November, Essam al-Marzouq has said
 
Russia, Saudi Arabia mull extending OPEC/non-OPEC deal

Russia, Saudi Arabia mull extending OPEC/non-OPEC deal

OPEC and a Russia-led group of 11 other producers outside the cartel, have agreed to reduce oil production until the end of March 2018
 
Goldman Sachs strengthens position for role in Aramco IPO

Goldman Sachs strengthens position for role in Aramco IPO

American financial entity buys portion of Aramco's $10bn credit facility in hope of securing a key role in facilitating the Saudi oil giant's stock listing
 
Pearl consortium, Kurdistan 'amicably' settle dispute

Pearl consortium, Kurdistan 'amicably' settle dispute

The Kurdistan Regional Government will pay $1bn as compensation to the consortium, which is led by Sharjah-based Dana Gas and Crescent Petroleum among other companies
 
Arkema reports explosions at Crosby plant, warns of more blasts

Arkema reports explosions at Crosby plant, warns of more blasts

Flooding from Hurricane Harvey overwhelmed Arkema's primary power and emergency backup power sources, resulting in failure of refrigeration of products at its Crosby site. Some of Arkema's organic peroxide products burn if not stored at low temperature.
 
DowDuPont successfully completes merger, trades under stock ticker symbol 'DWDP'

DowDuPont successfully completes merger, trades under stock ticker symbol 'DWDP'

DowDuPont is moving forward toward the intended separation into industry-leading, publicly traded companies in agriculture, materials science and specialty products, with the separations expected to occur within the 18 months.
 
Thyssenkrupp wins major Brunei fertiliser plant EPC order

Thyssenkrupp wins major Brunei fertiliser plant EPC order

New fertiliser complex – to be completed in 2021 – will use Brunei's large natural gas reserves as feedstock to produce high-quality fertiliser.
 
Saudi Arabia may raise October crude prices to Asia

Saudi Arabia may raise October crude prices to Asia

The official selling price for Arab Light could rise by 20-50 cents a barrel in October, its highest in at least six months
 
Libyan oilfields go off production as militias cause pipeline outage

Libyan oilfields go off production as militias cause pipeline outage

A local Libyan brigade closed down two valves on a pipeline to Sharara oilfield, the country's largest, to make demands for more fuel supplies and better economic conditions for the Zintan region
 
BASF, bse Engineering ink landmark deal to transform CO2 and excess current into methanol

BASF, bse Engineering ink landmark deal to transform CO2 and excess current into methanol

The new process developed by bse Engineering enables the sustainable use of current and CO2 with small-scale, delocalised production units built where the two components are generated.
 




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