Archive for News analysis

Nynas AB files for  reorganisation

Nynas AB files for reorganisation

December 13, 2019 No Comments

Nynas AB, where Neste is a minority-owner with a 49.99% ownership, has filed for company reorganisation on 13 December 2019. With this action Nynas’ Board of Directors is aiming to find a long-term solution to secure the operations of Nynas. The company’s operations have been severely impacted this year by the sanctions imposed on the […]

Saudi Aramco – The first $2 trillion company

Saudi Aramco – The first $2 trillion company

December 12, 2019 No Comments

Saudi Aramco has touched a market value of $2tn a day after the company made its stock market debut. The shares reportedly rose almost 10% at the open on the second day of trade on Riyadh’s Tadawul stock exchange, lifting the company’s market value briefly to $2tn, before giving up some of their gains. Shares […]

Aramco debuts low CO2 demonstration truck in Detroit

Aramco debuts low CO2 demonstration truck in Detroit

December 12, 2019 No Comments

Aramco recently unveiled to the public for the first time its low CO2 Class 8 heavy-duty truck that utilizes one of the company’s flagship technologies, a mobile carbon capture system that dramatically reduces CO2 emissions at the tailpipe. The truck, on display at the SAE Innovations in Mobility conference in suburban Detroit, employs a number […]

IMF Discusses “Macroeconomic Developments and Prospects in Low-Income Developing Countries—2019”

IMF Discusses “Macroeconomic Developments and Prospects in Low-Income Developing Countries—2019”

December 12, 2019 No Comments

On November 13, 2019, the Executive Board of the International Monetary Fund (IMF) discussed an IMF staff paper on recent economic developments and near-term prospects in low-income developing countries (LIDCs). The paper also examines the challenges faced by LIDCs in the implementation of a value-added tax system and how financial safety nets can be appropriately […]

ZENTECH INC AND WW INDUSTRIES FORM STRATEGIC PARTNERSHIP

ZENTECH INC AND WW INDUSTRIES FORM STRATEGIC PARTNERSHIP

December 11, 2019 No Comments

Zentech Incorporated and WW Industries (part of the Deepsea Technologies group), both of Houston, Texas, have joined forces to create a strategic partnership to serve the Oil & Gas Industry. Through this partnership these companies will leverage the strengths of each other to provide complete turnkey, innovative and cost-effective solutions to their customers. The partnership […]

Moody’s downgrades Nigeria over huge debt

Moody’s downgrades Nigeria over huge debt

December 10, 2019 No Comments

Moody’s Investors Service, has attributed its downgrade of the country’s rating to negative from stable as a result of the nation’s bloating debt profile. According to the rating agency, the increasing fragility of Nigeria’s public finances is evident in the greater reliance by the government on financing from the Central Bank of Nigeria (CBN) over […]

China to create national oil and gas pipeline company

China to create national oil and gas pipeline company

December 10, 2019 No Comments

China announced the creation of a national oil and gas pipeline company. The government will reportedly merge the networks operated by its three state-owned giants under a single company, an important step toward removing barriers that have hampered domestic production, and which dovetails with efforts to use more gas instead of coal. The move marks […]

Tags:
Valero signs agreements for Additional Refined Product Terminals in Mexico

Valero signs agreements for Additional Refined Product Terminals in Mexico

December 9, 2019 No Comments

Valero Marketing and Supply de México, S.A. de C.V.,a wholly-owned subsidiary of Valero Energy Corporation (NYSE: VLO) (“Valero”), announced that it has signed long-term agreements for the use of three new refined product terminals located in Guadalajara, Monterrey, and Altamira, Mexico. These terminals will support Valero’s strategy to expand its product supply chain into high […]

Shareholders Agreement for Aje Field, OML 113, Nigeria

Shareholders Agreement for Aje Field, OML 113, Nigeria

December 9, 2019 No Comments

Further to the announcement dated 21 October 2019, PetroNor E&P Limited (OSE ticker: “PNOR”) announced that it has now finalised and entered into the separate investment and shareholders agreement with the OML 113 operator, Yinka Folawiyo Petroleum (“YFP”) (the “YFP Agreement”). The purpose of the YFP Agreement is to form a partnership and a jointly […]

Sonelgaz and Sonagas Sign Cooperation Agreement in the Gas Sector

Sonelgaz and Sonagas Sign Cooperation Agreement in the Gas Sector

December 9, 2019 No Comments

Mr. Chaher Boulakhras, President and CEO of the National Electricity and Gas Company of Algeria (Sonelgaz), and Juan Ondo Ndongo, General Manager of Equatorial Guinea’s National Gas Company (Sonagas) signed a Memorandum of Understanding on enhanced cooperation in the field of gas transmission, distribution and energy efficiency. The signing was attended by H.E Minister of […]

Page 1 of 49412345»102030...Last »