South Korean builders Samsung E&A and GS Engineering & Construction have secured a contract worth a combined total of $7.2 billion for the construction of a substantial gas plant in Saudi Arabia, the two companies announced Wednesday. The landmark deal represents the largest plant construction agreement secured by Korean companies in the kingdom. The two…
Photo: Freepik Hundreds of workers could lose their jobs after the manufacturing and chemicals giant Sabic announced the closure of its site in north-east England. The Saudi Arabian firm, one of the world’s largest petrochemical manufacturers, will shut its Olefins 6 cracker plant in Wilton, Teesside, after 46 years of it operating. The exact number…
Lithium ore falls from a chute at a facility in Australia in this file image. Carla Gottgens/Getty Images/Bloomberg Creative Photos© Carla Gottgens/Getty Images/Bloomberg Creative Photos Russia wants to become a top lithium producer but faces a challenging environment. Its largest lithium mining project was sanctioned by the US in January. China, a partner in Polar Lithium,…
Rusia se mantiene como segundo mayor proveedor de gas de España a pesar del bloqueo al régimen de Vladimir Putin y de la caída generalizada de las importaciones en el pasado mes de octubre. Argelia se situó como principal suministrador de gas natural a España en octubre, con 13.754 gigavatios hora (GWh) -el 53,1% del total-, seguido…
Moscú, 8 abr (EFECOM).- Los ingresos de Rusia por la venta de petróleo y gas crecieron casi un 80 % durante el primer trimestre de este año en tasa interanual gracias al incremento de los precios de los hidrocarburos rusos, informó este lunes el Ministerio de Finanzas de Rusia. «Los ingresos de petróleo y gas…
photo: freepik (The Center Square) – Reversing from job losses in March, the Texas oil and natural gas industry posted job gains in April, according to the latest employment data. The industry contributed to the state’s job gains, which again led the U.S. in job creation and broke multiple employment records last month, The Center…
foto: freepik La petrolera española Repsol planea aumentar su producción de petróleo en Venezuela en más de un 50% durante los próximos 12 meses. «Se está abriendo en Venezuela una nueva ventana de oportunidad para un futuro mejor», dijo el CEO Josu Jon Imaz en una llamada con inversores el jueves. Además de aumentar la producción de…
Photo: Freepik Achieving net-zero greenhouse gas emissions by 2050 will require removing carbon dioxide from the atmosphere, according to the Intergovernmental Panel on Climate Change, the world’s foremost authority on the topic. But only some types of carbon removal are actually effective — and these are largely not the kind that major companies are investing in. A…
Gas prices are set to be cut by 2.8% on the Isle of Man following a review of tariffs by the sector’s regulator. The Communications and Utilities Regulatory Authority (CURA) made the recommendation as part of its twice-yearly review. The evaluation found that demand for the year so far had been higher than anticipated and…
