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PETRONAS and ADNOC sign MoU

The agreement will see the companies work together on the exploration, development, and production of Abu Dhabi’s conventional and unconventional resources. ....

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Tidewater Midstream and Infrastructure : Renewable diesel/hydrogen project in line for $100M in carbon credits, Tidewater says

Tidewater Midstream and Infrastructure Ltd. says it expects to receive
$100 million in provincial government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its
Prince George Refinery in B.C.
The
$215 million and
$235 million to build, which means the credits would equate to about 45 per cent of the cost.
It estimates that the asset could generate over
$75 million of adjusted earnings in its first year of operation, which could come as early as 2023.
The facility would use 100 per cent renewable feedstock and would include a pre-treatment facility to provide flexibility on various renewable sources. ....

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Chevron To Buy Remaining Stake In Noble Midstream In All-Stock Deal

SAN RAMON (dpa-AFX) - Integrated energy company Chevron Corp. (CVX) announced Friday that it has signed a definitive agreement to buy all remaining 33.925 million shares in Noble Midstream Partners ....

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Chevron to Buy Rest of Noble Midstream in $494 Million Stock Deal

By Colin Kellaher

Chevron Corp. on Friday said it agreed to buy the rest of midstream infrastructure company Noble Midstream Partners LP for about $494 million in stock.

The San Ramon,. | March 10, 2021 ....

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Phillips 66 names new President and Chief Operating Officer

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Phillips 66 has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective 1 April.
“Mark is the right leader at the right time to join Phillips 66,” said Greg Garland, Chairman and CEO of Phillips 66. “He assumes his new role at a time when we are operationally and financially strong yet navigating a dynamic and challenging external environment.”
Lashier, who has over 30 years of energy industry experience, has served as CPChem’s CEO since 2017. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, in 2000. At CPChem he has served as Executive Vice President of Olefins and Polyolefins; Senior Vice President of Specialties, Aromatics and Styrenics; Vice President of Corporate Planning and Development; and Regional Manager of Asia. He began his career with Phillips Petroleum Company as a research engineer. ....

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