ADNOC awards Japan’s INPEX CORPORATION onshore exploration concession
19 March, 2019
The UAE’s national oil company ADNOC has signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX CORPORATION.
The US becomes a net oil exporter for the first time in 75 years
12 December, 2018
According to data from the US Energy Information Administration, during the week ending 30 November 2018, the US became a net oil exporter for the first time in 75 years.
Australian renewables sector doubles output in record year
11 December, 2018
Australia’s renewables sector has more than doubled its output over the last 12 months with 14.6GW of new renewables projects under construction with a combined value of US$20bn.
ExxonMobil to power Permian Basin with Ørsted wind and solar projects
30 November, 2018
US oil and gas supermajor ExxonMobil has contracted Denmark’s Ørsted to provide 500MW of wind and solar power to its Permian Basin operations through two 12-year power purchase agreements.
ADNOC and Aramco sign natural gas and LNG framework agreement
14 November, 2018
Abu Dhabi's ADNOC and Saudi Arabia's Aramco have signed a framework agreement to explore potential opportunities for collaboration in natural gas and liquefied natural gas.
ADNOC signs agreement granting Total a 40% stake in Ruwais Diyab concession
12 November, 2018
UAE state-owned oil and gas giant ADNOC has signed a deal with Total, granting the French supermajor a 40% interest in the Ruwais Diyab unconventional gas concession.
Saudi Aramco signs 15 MoUs worth US$34bn
25 October, 2018
State-owned oil giant Saudi Aramco has signed 15 memoranda of understanding at the Future Investment Initiative in Riyadh.
Sapura Energy to sell 50% of its upstream business for US$1.6bn
12 September, 2018
Malaysian oil and gas services company Sapura Energy is set to sell 50% of its upstream business to Austria’s OMV for US$1.6bn.
Equinor to invest US$15bn in Brazil
30 August, 2018
Norway’s Equinor has announced that it intends to invest US$15bn in Brazil through to 2030 to develop its oil, gas and renewables portfolio in the country.
ExxonMobil plans US$1.9bn Baytown complex upgrade
23 August, 2018
US supermajor ExxonMobil is planning to add a plastics processing plant to its Baytown complex, in Texas, at a cost of US$1.9bn.
Registered Office: The EIC, 89 Albert Embankment, London, SE1 7TP, United Kingdom Company Registration 493459 © 2012 Energy Industries Council