Kuwait to Spend Over $30 Billion to Boost Oil in Bet on Demand
Wedoany.com Report-Nov 22, Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come....
Petrobras to Pay Up to $55 Billion in Dividends Through 2029
Wedoany.com Report-Nov 22, Petroleo Brasileiro SA plans to pay as much as $55 billion in dividends through 2029 as part of its five-year business plan in a pledge to continue returning cash to investo...
Indonesia Curbing Nickel Supply to Support Locals, Eramet Says
Wedoany.com Report-Nov 22, Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA. The Fren...
Asian LNG Jumps to Highest This Year as European Benchmarks Rise
Wedoany.com Report-Nov 22,North Asia spot liquefied natural gas prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel. The Japan-Korea ...
Exxon Pledges $200 Million to Expand Advanced Recycling in Texas
Wedoany.com Report-Nov 22, Exxon Mobil Corp. announced plans to more than triple its so-called advanced-plastics recycling capacity in Texas in a move that pushes back against a lawsuit by California ...
Nigerians Are Switching Cars to Compressed Natural Gas After Petrol Prices Surge
Wedoany.com Report-Nov 22,Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of the past. A fi...
Italian Oil Refiner Saras to Close its Geneva Trading Office
Wedoany.com Report-Nov 22, Oil refiner Saras is closing its Geneva trading office, according to a person who asked not to be identified discussing a private matter. The process will be concluded in th...
BP and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua
Wedoany.com Report-Nov 22,BP (BP.L), opens new tab and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesias easternmost Papua region that coul...
Occidental CEO Warns US Is at Risk of Losing Energy Independence
Wedoany.com Report-Nov 22, Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline. It’s going to start to roll o...
Saudi Aramco CFO Driven Off Stage by Climate Protestors in US
Wedoany.com Report-Nov 22, Climate protesters disrupted an MIT event with Saudi Arabian Oil Co. Chief Financial Officer Ziad Al-Murshed in a Boston suburb on Thursday, causing the executive to leave. ...