Ithaca Energy to Buy Summit E&P, as Sumitomo Exits UK’s Upstream Oil & Gas Sector

“Sumitomo’s path to lower carbon energy will continue with the divestment of Summit Exploration and Production Limited, where a Sales and Purchase Agreement was signed on 28th February by Sumitomo Corporation and Ithaca Energy . John Austin, CEO of Summit E&P Ltd, said: “Summit E&P has been refocusing its interest over the last two years, […]

Petronas, Shell Exploring Offshore Carbon Capture And Storage in Malaysia

The scope of the agreement includes exploring the provision of decarbonization service to Shell’s local and cross-border facilities, as well as to other potential regional customers. Last November, Petronas also signed a Memorandum of Understanding with  ExxonMobil Exploration and Production Malaysia Inc. In December, it signed an MoU with POSCO International Corporation and POSCO Engineering […]