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Vitol to Buy Stakes in Eni’s Upstream Projects in West Africa

OilPrice

Vitol, for its part, has been looking to get into more upstream and downstream assets after the worlds biggest Eni has been pursuing in recent years the so-called dual exploration model, under which it sells part of its majority stakes to other companies to fast-track oil and gas discoveries to production.

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Bringing 'superintelligence' to the energy industry

Oilholics Synonymous Report

Applied Computing claims Orbital utilises "100% of available data from downstream energy facilities" – compared to 8% captured by traditional methods – and is outperforming previously benchmarked state-of-the-art software by 90% in key metrics. The company offered the attendees, present company included, a demo of Orbital in action.

Energy 157
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ADNOC Poised to Win EU Approval for $16.6 Billion Covestro Takeover

OilPrice

That paves the way for ADNOCs largest-ever acquisitionand a major milestone in its strategy to pivot beyond crude and into downstream and advanced Abu Dhabis state oil giant ADNOC is reportedly on track to secure unconditional EU antitrust approval for its 14.7 billion ($16.6

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Indonesia Doubles Capacity of New Refinery Projects to 1 Million Bpd

OilPrice

Indonesia is doubling to 1 million barrels per day (bpd) the planned capacity of the new refineries it will build in an effort to boost its energy security and downstream industry. To cover its domestic demand, Indonesia currently

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Chevron Acquires Two Smackover Leases as It Eyes Lithium Production

Rigzone

was from a continental brine operation in Nevada, while two companies produced downstream lithium compounds from domestic or imported lithium carbonate, lithium chloride and lithium hydroxide, according to USGS annual statistics. Image by gorodenkoff via iStock Chevron Corp. Image by gorodenkoff via iStock Chevron Corp.

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BP sees lower oil prices denting Q2 profit

Oil & Gas 360º

BP has been under intense pressure from activist investor Elliott in recent months to cut costs and boost share performance and has once again become the topic of market speculation that it’s a target for a blockbuster acquisition in the sector. By Tsvetana Paraskova for Oilprice.com

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Clean Energy, Total Form Joint Venture to Expand RNG Production, Infrastructure

NGT News

as well as credit support to build additional downstream RNG fueling infrastructure. Clean Energy Fuels Corp., a provider of RNG for the transportation market, and its largest shareholder, Total SE, have formed a 50/50 joint venture (JV) to develop carbon-negative renewable natural gas (RNG) production facilities in the U.S.,