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Industry News

ADNOC awards $510 mil contract to Saipem to expand Shah sour gas plant capacity

(SP Global) -Abu Dhabi National Oil Co. has awarded a $510 million contract to Italy's Saipem to expand the capacity of Shah sour gas plant as the UAE's biggest energy producer seeks gas self-sufficiency. ADNOC Sour Gas, a joint venture between the oil company and US energy major Occidental, awarded the engineering, procurement and construction contract for the expansion of the Shah gas field, which will be completed in 2023, ADNOC said in a statement June 15.

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Oman's Yibal Khuff mega project nearing completion

(Trade Arabia) - A key milestone has been reached in the delivery of the Yibal Khuff project, among the big-ticket integrated Oil & Gas developments of Petroleum Development Oman (PDO), the project’s principal contractor announced.

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Investors from Turkey ready to implement project in Kazakhstan's chemical industry

(Inform.kz) - NUR-SULTAN. KAZINFORM - Prospects for the implementation of the project in the chemical industry were discussed during the visit of Turkish investors to Kazakhstan, organized by «NC «KAZAKH INVEST» JSC. During the working trip, the founder of the Turkish company «BRIMSTONE Sulphur Provider Company» Efe Munip Nurdogdu held a meeting with the Chairman of the Board of «NC «KAZAKH INVEST» JSC Meirzhan Yusupov, Kazinform has learnt from KAZAKH INVEST’s press service.

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Activist Hedge Fund Grabs Two Seats On Exxon Mobil's Board Of Directors

(Texas Standard) - It’s another example of Big Oil being pushed toward renewable energy. But achieving net-zero carbon emission goals will still be a big challenge. Texas-based oil giant Exxon Mobil Corp. saw a major shakeup in the boardroom last week, with a new activist investor group called Engine No. 1 grabbing two spots on the company’s board of directors. The hedge fund has been targeting Exxon since December with its “Reenergize Exxon” campaign, pushing the company to rethink its business strategy in a time when green energy and climate activism is becoming increasingly mainstream.

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Shell to Let Shareholders Vote on Shift to Cleaner Energy

(WSJ) - LONDON-- Royal Dutch Shell PLC detailed a first-of-a-kind shareholder vote over its pivot away from oil, asking investors to endorse its energy transition strategy in a nonbinding vote next month.

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Rio Tinto achieves battery grade lithium production at Boron plant

(Investing News) - Rio Tinto has commenced production of battery-grade lithium from waste rock at a lithium demonstration plant at the Boron mine site in California, United States. The demonstration plant is the next step in scaling up a breakthrough lithium production process developed at Boron, to recover the critical mineral and extract additional value out of waste piles from over 90 years of mining at the operation.

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Sulphur Institute members

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