The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity
The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported
The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives
BP and ADNOC made their offer a year ago, with an aim to access the gas-rich areas in the Eastern Mediterranean
The deal, which is subject to regulatory approvals, is likely to be completed in the second half of this year
Artificial intelligence tools are gaining traction as demand to analyse huge amounts of data grows in the field of ESG risk analysis
The exits of some players may make it easier for renewable energy companies to raise prices to a sustainable level and to ramp up investment
The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest
The entities will jointly conduct a feasibility study for the region’s first project to produce sustainable aviation fuel using renewable hydrogen and municipal solid waste
Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt
ADNOC, BP and Masdar also agreed to explore the production of sustainable aviation fuels in the UAE
Oil has soared this year as the roll-out of vaccines to combat the pandemic aids energy demand
The deal should help BP deliver on its goal of selling $25bn of assets by 2025
The lithium-ion samples were produced by StoreDot’s strategic partner in China
The oil market has been hit hard in 2020, with prices plummeting to record lows
Building renewable power plants will take up a bulk of the estimated investment
China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field
Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025