Parkland Corporation partners with Simpson Oil
Parkland Corporation announced that it has entered into an agreement dated March 21, 2023 (the “Agreement”) with its largest long-term shareholder, Simpson Oil Limited (“Simpson Oil”). The Agreement furthers the long and successful relationship between Parkland and Simpson Oil. The Agreement grants Simpson Oil, holder of more than 19% of Parkland’s issued and outstanding shares, the right […]
Shell takes FID for Dover in the US Gulf of Mexico
Shell Offshore Inc., a subsidiary of Shell plc (Shell), recently announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico (GoM). Dover is expected to start production in late 2024-early 2025 and produce up to 21,000 barrels of oil equivalent per day […]
Masdar associates with SOCAR for projects on renewable energy
Masdar, one of the world’s leading clean energy companies, has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan’s SOCAR, for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts (GW). The agreements were signed by Mohamed Jameel Al Ramahi, […]
SFD and Pakistan enter a new deal to finance oil derivatives
In implementation of the directives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the Crown Prince, Mohammed bin Salman Al Saud – may Allah protect them; the CEO of the Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad, and the Secretary Ministry of Economic Affairs in Pakistan, Dr. […]
Commaris Partners FIZUAS Unmanned Aircraft Systems
US based Commaris, a brand of Terrafugia, Inc. delivering uncrewed aerial vehicles (UAVs) for commercial operations, recently announced its dealer partnership with FIZUAS Unmanned Aircraft Systems. This partnership allows FIZUAS to sell Commaris’s flagship long-range UAV, the SEEKER, for commercial use. “We are excited to launch our new partnership with FIZUAS; their team of experienced […]
