OGN Energy Media (Oil, Gas, Petrochemicals & Renewables)

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Wood, a global leader in consulting and engineering, has announced the launch of a highly specialist centre for technical, strategic and economic energy transition solutions in Abu Dhabi.    The ‘energy transition hub’ directly serves clients in the Middle East region, bringing together the advisory and technical expertise required to deliver energy diversification and net zero goals, the company said. Read more on https://lnkd.in/da-vHG2N #OGNews

Oil prices rose, boosted by a strong outlook for demand in the US after fuel inventories fell more than expected, and a weaker US dollar.   Brent crude futures were up 34 cents, or 0.5 per cent, to stand at $71.12 a barrel by 0745 GMT, their highest level since March 3. US West Texas Intermediate crude (WTI) gained 42 cents, or 0.6 per cent, to $67.58. Read more on https://lnkd.in/duujn2F3 #OGNews

Oil prices edged higher, supported by instability in the Middle East as well as China's plans for more economic stimulus, though global growth concerns, US tariffs and uncertainty over Ukraine ceasefire talks curbed gains. Read more on https://lnkd.in/dEuW6KiX #OGNews

Despite record-breaking global investments in clean energy last year, the leaders of the companies tasked with delivering on the transition have become less optimistic about when the world will achieve net-zero carbon emissions, according to Bain & Company’s 2025 Energy & Natural Resources Executive Survey. Read more on https://lnkd.in/dBFkQ6Sq #OGNews

Fabtech Engineering, a steel fabrication specialist based at Dubai Industrial City, has entered a strategic agreement with French industrial leader Groupe M to accelerate innovation and sustainable development in the UAE’s nuclear and sustainable energies sectors.  Read more on https://lnkd.in/dgig_Csi #OGNews

ExxonMobil's Australian unit said that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources. Read more on https://lnkd.in/dvKfDxR3 #OGNews

Australian energy giant Woodside Energy said it had signed a long-term sale and purchase agreement with China Resources Gas International for the supply of liquefied natural gas (LNG) to China. Read more on https://lnkd.in/d_CKcBt6 #OGNews

Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, will seek shareholder approval for a share buyback and final 2024 dividend at its in-person and virtual Annual General Meeting (AGM) on April 7. Read more on https://lnkd.in/d-TZfeV9 #OGNews

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