BP is expected to sign a deal worth about $5bn today (Tuesday 17th of June) as part of Beijing’s strategy to reduce carbon emissions.
Shell has signed a supply deal with the China National Offshore Oil Corporation (CNOOC) to work on projects around the world, including LNG. The UK’S two largest oil companies are expected to announce the £11.8bn totaled deals later today and comes at a time when China has been securing a multitude of LNG supply deals to secure the country’s desire for the product.
Deals have already been secured with BG and Gazprom for the supply of LNG – with the Shell and BP deals coming at a time when the Chinese leader, Premier Li Keqiang, is on a three day visit to the UK.
Foster Wheeler in joint venture with affiliates of Chiyoda Corporation, Saipem S.p.A. and WorleyParsons Limited (CFSW JV), has been awarded a contract for the provision of front-end engineering design (FEED) and project execution services for a proposed liquefied natural gas (LNG) export project, known as the LNG Canada Project, in ...
The development of unconventional oil and gas resources is gaining momentum across the world, with China and Australia becoming two of the most important emerging markets for shale and Coal Bed Methane (CBM) exploration, says GlobalData.
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