The planned project in Baytown, Texas, will be world’s largest and produce 900,000 tons of low-carbon hydrogen and over 1 million tons of low-carbon ammonia
Exxon Mobil
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BP
Netflix, TikTok, Mastercard, Visa join growing list of companies cutting ties with Russia over its conflict in Ukraine
International sanctions, the closure of airspace and transports links due to the war, and the financial restrictions on SWIFT and capital controls have made it difficult – if not impossible – for many companies to supply parts, make payments, and deliver goods to and from Russia
Exxon Mobil
Saudi’s Motiva eyes revival of multibillion-dollar plastics plan
Motiva is re-evaluating the massive expansion in Texas as consumption of plastics skyrockets
Basra
Iraq sees steady oil prices and considers buying Exxon stake
The minister also said Iraq would spend $3 billion in the next five years to boost Basra Oil’s natural-gas output by around 40 percent to 950 million standard cubic feet a day
Basrah Oil Company
Iraq aims to clinch Exxon oil sale by June even as Chevron balks
Basra Oil Co., the state-run company overseeing crude production in the region, may open talks with more companies after Exxon submitted a request to sell its 32.7 percent stake in January
Crown Prince Mohammed bin Salman
Saudi Aramco plans $75bn dividend in 2020 to tempt IPO investors
Saudi Aramco could boost the dividend still further with one-off rewards to shareholders
apps
Fuel app Cafu extends car services for UAE motorists
MENA region’s first-ever fuel on-demand mobile application has announced the expansion of its services with Cafu Essentials
chemical manufacturing
Saudi’s Sabic, Exxon Mobil approve Texas chemical plant plan
Project will be the world’s largest steam cracker and create $50bn of ‘economic output’ in the first six years
Abu Dhabi National Oil Company
Adnoc, Exxon eye new deals as $30bn UAE project progresses
Abu Dhabi National Oil Company is exploring new opportunities with Exxon Mobil Corporation as work continues on a joint project in the UAE
Amin Nasser
Saudi Aramco eyes LNG deals in next year in new global gas strategy
The gas shift comes as Aramco also invests heavily in oil refining and petrochemicals, in an effort to secure long-term outlets for its crude production
Abu Dhabi
UAE’s ADNOC named among world’s top energy giants
New report features Abu Dhabi National Oil Company among the world’s top 10 most influential companies in the energy sector