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Shell Lubricants has announced its thermal fluid technology has helped to enable a significant breakthrough in battery electric vehicle (BEV) architecture.
Following successful development of an immersively-cooled battery pack, extensive testing has now proven that Shell EV-Plus Thermal Fluid with PurePlus Technology, can act as an all-in-one thermal management solution for the entire BEV power…
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Nearly one in three workers at the Lindsey Oil Refinery in the UK will lose their jobs.
According to the Insolvency Service, 125 employees will be made redundant at the end of October, leaving 255 still employed at the North Killingholme site in North Lincolnshire.
The refinery has been under the control of the government’s official receiver since June, after its owner, Prax Group, entered…
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Shell Eastern, a subsidiary of Shell plc, has completed the previously announced acquisition of 100% of the shares in Pavilion Energy.
Pavilion Energy, headquartered in Singapore, operates a global LNG trading business with contracted supply volume of approximately 6.5 million tonnes per annum (mtpa).
The acquisition includes Pavilion Energy’s portfolio of LNG offtake and supply contracts,…
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The Court of Appeal at The Hague has overturned the District Court of The Hague’s 2021 ruling in the case brought against Shell by Milieudefensie, other NGOs and a group of private individuals.
“We are pleased with the court’s decision, which we believe is the right one for the global energy transition, the Netherlands and our company,” said Shell plc chief executive officer Wael…
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Cepsa is making progress on its Positive Motion strategy to become a leader of the energy transition after agreeing to sell its subsidiaries for butane, propane and autogas (Gasib) to Abastible - a subsidiary of the Chilean Empresas Copec group and a leader in the liquefied Ggas business in Latin America.
Under the agreement, Gasib will continue to offer its butane, propane and autogas products…
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ANDRITZ has announced it is introducing a comprehensive portfolio of automation and digitalisation solutions for the feed industry under its Metris digital platform.
The platform is continuously evolving and is universally compatible, and supports operational efficiency, resilience, readiness and sustainability, according to the company.
It aims to allow for fully autonomous feed plant…
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Oil and gas major bp has reported a sharp drop in profits after oil prices fell last year.
Profits were $13.8 billion (€12.3 billion) in 2023 - down from a record $27.7 billion (€25.7 billion) in the previous year.
Energy firms reported huge gains when oil and gas prices soared in the aftermath of Russia's invasion of Ukraine because of fears over supplies.
While households energy bills…
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Dragos has signed a MoU with Aramco to help protect critical industrial assets and infrastructure for Aramco and its affiliates in Saudi Arabia.
The MoU aims to support Saudi Arabia’s Vision 2030 pillar to build a thriving, increasingly diverse economy, in part enabled by secure digital transformation that supports private sector growth and investment.
It includes initiatives aimed at…
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ABB has signed a partnership deal with Canadian-based Computer Modelling Group (CMG) – a global simulation technology company that has been involved in carbon capture for over 20 years – to incorporate subsurface modelling into their existing digital twin technology for commercial carbon capture and storage (CCS) operations.
Being able to simulate scenarios at every stage of the captured…
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Aramco has agreed to purchase a 100% equity stake in Esmax Distribusción (Esmax) from Southern Cross Group - a Latin America-focused private equity company.
Esmax is a diversified downstream fuels and lubricants retailer in Chile. Its national presence includes fuel distribution terminals and a lubricant blending plant.
Aramco’s planned acquisition of Esmax would be its first downstream…
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The downstream oil sector’s leading trade body begins its new phase as Fuels Industry UK to demonstrate its evolving remit to champion low carbon fuels as well as traditional petroleum products.
Previously known as the United Kingdom Petroleum Industry Association (UKPIA), the change reflects its members' ambition to manufacture and supply the biofuels, low carbon hydrogen and other low…
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Aramco has acquired a 10% interest in Rongsheng for US$3.4 billion (€3.1 billion).
The acquisition follows the signing of definitive strategic agreements by both parties announced in March.
It represents the continued growth of Aramco’s downstream presence in China and includes the supply of 480 000 bpd of Arabian crude to the largest Chinese integrated refining and chemicals complex,…
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Advanced Ionics, the developer of a new category of hydrogen electrolysers useful for expanding green hydrogen production, has closed a $12.5 million (€14.5 million) Series A financing led by bp ventures.
Additional investors include Clean Energy Ventures, Mitsubishi Heavy Industries and GVP Climate.
The new capital will help catalyse Advanced Ionics’ growth and facilitate the initial…
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Amarinth has been contracted by Wood to overhaul the three oil containment skid packages managed and operated by Oil Spill Response Limited.
Amarinth supplied ten API 610 OH1 pumps with Plan 53B Seal Support systems to the Subsea Well Response Project six years ago.
The equipment helps contain and quickly remove oil from the sea and offload it into tankers for removal from an incident.
The…
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OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, a Reuters’ survey revealed.
The Organisation of the Petroleum Exporting Countries has pumped 28.18 million barrels per day (bpd) in June, down 50,000 bpd from May's revised figure. In May, output dropped by 240,000 bpd as the latest cut took effect.
The survey suggested…
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The chief executive of the company that owns British Gas Energy said consumers’ bills are likely to stay high for the foreseeable future.
Centrica chief executive Chris O'Shea said while he believes the worst of the energy crisis was over, risks still remained.
A new price cap comes into effect over the weekend on June 24 which will see households in the UK with typical energy usage pay…
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CGI has been awarded a five-year partnership with SGN - one of the UK’s biggest utility companies.
Under the agreement, CGI will deliver managed IT services, including the provision of a 24/7 service desk and device management.
CGI’s partnership will enable the gas distribution company to reduce operating costs, improve service levels and increase operational efficiency in all service…
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Oil and gas major bp has reported another set of strong results as energy prices remain high.
Profits hit $5 billion (€4.55 billion) in the first three months of this year, the BBC reported, although this was down from $6.2 billion (€5.6 billion) last year with oil prices having fallen from the peak seen after Russia's invasion of Ukraine.
BP reported record annual profits last year as the…
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