ADNOC acquires stake in OMV
ADNOC and Mubadala have announced a transaction involving OMV, a global energy and chemicals group. Under the agreement, ADNOC will acquire a 24.9% shareholding in OMV from Mubadala.
Stay up to date with the latest news and updates from the downstream industry.
ADNOC and Mubadala have announced a transaction involving OMV, a global energy and chemicals group. Under the agreement, ADNOC will acquire a 24.9% shareholding in OMV from Mubadala.
Lummus Technology has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalisation services at the company's petrochemical facility in Gulei, Fujian Province, China.
Snøhvit partners are set to invest NOK13.2 billion in upgrading the Hammerfest LNG plant, HLNG, in Melkøya, Norway.
The companies are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia.
Methods and alternatives such as carbon capture, hydrogen, renewable power, biofuels, energy storage, and electric vehicles will be adopted by oil and gas companies to mitigate their net emissions, says GlobalData.
API, AMEXHI and IOGP have renewed an MoU, strengthening mutual cooperation to help enhance operational performance across North American natural gas and oil operations.
The modernised Fergana oil refinery has increased its production of gasoline by more than 50%.
The rating puts INEOS into the top 8% of companies in the sector demonstrating an advanced management system in terms of environment issues, ethics, labour and human rights, and sustainable procurement.
The EIA forecasts that US industrial natural gas consumption will increase by 3% in 2022, after increasing by 2% in 2021.
The project included modernisation of the CDU-VDU-5 crude distillation unit with a production capacity of 3.5 million tpy, and the solvent extraction unit that has a production capacity of 300 000 tpy.
Nippon Cargo Airlines, an international cargo airline based in Japan, has used Neste MY Sustainable Aviation Fuel™ for several cargo flights for the first time.
Asia is set to lead the global acrylonitrile industry capacity additions with a share of 99.6% by 2026 from new-build projects between 2022 – 2026, forecasts GlobalData.