Saudi’s oil giant announces first global liquified natural gas deal

Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil. The company will acquire a minority stake worth $500 million in MidOcean Energy, which is managed by the US investment firm EIG. “We anticipate strong demand-led growth for LNG as the […]

Petrobras and Vale to seek joint renewable investments

Vale has entered into a protocol of intent with Petrobras, one of the world’s largest oil and gas producers, aimed at jointly exploring low-carbon solutions. The collaboration could see the two evaluating decarbonisation opportunities, such as the development of sustainable fuels (hydrogen, green methanol, biobunkers, green ammonia, and renewable diesel), as well as carbon capture […]