Chemical Lotte Likely to Take Part in the Blue Hydrogen Alliance Headed by Aramco

Lotte Chemical is anticipated to take part in a worldwide alliance for blue hydrogen and ammonia proposed by Saudi Aramco, the largest energy corporation in the world.

Recently, the corporation and Saudi Aramco began discussions about working together in the ammonia and blue hydrogen in...

Three years after it shattered the AMCA programme, the US offers "Critical Tech" to help India develop its fifth-generation fighter jet

Take General Electric's (GE) offer to assist in the development of the jet engine for India's Advanced Medium Combat Aircraft (AMCA), which is still under development, with a grain of salt.

In October 2019, the US halted the Defense Trade and Technology Initiative's (DTII) c...

After an attack on an Aramco oil plant, oil prices have risen and begun to recover

Oil prices increased on Friday, recovering from early losses, as traders hurried to purchase following a missile strike on Saudi Arabia's state-run oil corporation Aramco's storage facility.

Brent crude increased $1.20, or 0.7%, to $119.92 per barrel, while West Texas Intermedia...

Sadara, a Saudi-American chemical joint venture, has turned a profit, wiping off $853 million in loss

RIYADH: Last year, Sadara Chemical Co., a joint venture between Saudi Aramco and Dow Chemical Co. in the United States, earned a profit, reversing losses of SR3.2 billion ($853 million) the year before.

The huge JV, which specialises in creating a wide spectrum of speciality chemicals, ...

NPCC Wins 2.2 billion Dollar Contract with Saudi Aramco

Saudi Aramco, an Oil and Gas giant in Saudi Arabia has partnered with the National Petroleum Construction Company of the United Arab Emirates for an offshore project in Saudi Arabia. The contract is worth 2.2 billion dollars and includes two packages for the Zuluf field.

On Monday, the ...

USA’s largest cinema chain to accept bitcoins

CEO of AMC theatres, Adam Aron expressed his interest in participating in the swelling cryptocurrency universe. Taking the decision, he has decided to accept bitcoins in the Theatres. AMC theatres are one of the largest cinema chains in the US and have taken the step for the US, the decision won&...

HHIH SIGNS HYDROGEN PROJECT DEAL WITH SAUDI ARAMCO

Highlights –

• HHIH sings hydrogen project deal with Saudi Aramco.
• Hyundai Oilbank Co. will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue hydrogen.
• Hyundai Oilbank will be provided with blue ammonia.
• ...

SHIMACHU CO. ACCEPTS TAKEOVER BID BY NITORI HOLDINGS CO.

Highlights –

• Shimachu Co. accepts takeover bid by Nitori Holdings Co.
• Nitori offered to buy Shimachu at a price than DIY rival DCM Holdings Co.
• Nitori is offering $52 per Shimachu share from Monday to Dec.28.
• Shimachu Co. h...

SPC GROUP OPENS HANOK-STYLED BASKIN-ROBBINS OUTLET IN SEOUL

• SPC Group said Thursday it launched a new Baskin-Robbins store in a newly built hanok, familiarly called a traditional Korean house, in Samcheong-dong, one of the most visited tourist areas in Seoul, famous for its umpteen galleries, restaurants and shops as well as its hanok village.

EUROPE: BANDAI NAMCO ENTERTAINMENT TO ACQUIRE REFLECTOR ENTERTAINMENT

Highlights:

• The Bandai Namco Entertainment which is based in Europe has acquired the Reflector Entertainment which is based in Montreal
• The process for acquiring the Reflector Entertainment will be completed in the fourth quarter of the year 2020
...

S KOREAN AVIATION FUEL INFLUX RETRACTS BY 40% ON WEAK GLOBAL FUEL DEMANDS

• The consumption of jet fuel in South Korea saw a 40.5 percent year-on-year drop during the first quarter this year, according to the latest data feed from the Korea National Oil Corporation.
• With most international flights from Korea canceled due to weak travel demand and inter...

US COMPANIES READY TO GO AGAINST TRUMP AND CONTINUE IN CHINA

Highlights

• According to a survey conducted by the American Chamber of Commerce in Shanghai, nearly 92 percent companies have said that they were committed to remaining in China despite the relationship between Washington and Beijing continues to fracture

• The Amer...

RELIANCE APPOINTS FORMER IOC CHAIRMAN SANJIV SINGH AS GROUP PRESIDENT

Highlights

• According to RIL Executive Director Hital R Meswani, Sanjiv Singh will be a member of the O2C business leadership team

• Majority of RIL's future activities are dependant on its $15 billion deal with Saudi Aramco

• RIL had previously a...

‘THE WORK IS STILL ON' SAYS ARAMCO CEO ON RIL DEAL WORTH $15 BILLION

Highlights

• The company is still in discussions with Reliance said Aramco CEO Amir Nasser

• Reliance is planning to sell 20 percent stake in its oil-to-chemical business to Saudi Aramco

• Reliance will the NCLT and complete this deal by early 2021 sai...

RELIANCE: WORLD’S NEW SECOND MOST VALUABLE ENERGY COMPANY

After jumping to the 46th spot in the list of world’s most valuable companies thanks to its market capitalisation of more than Rs 14 lakh crore, Reliance Industries Limited has now displaced ExxonMobil to become the world’s second most valuable energy company. 
Few days ba...

TEXAS: AMC TO OPEN THEATERS & SCREEN TENET AS THE RE-OPENING SHOW

Highlights:

• Theatres are reopening in Texas

• AMC all set to screen Tenet and reopen

Though Texas has opened up for business, theatres are still a far cry. With the 50% capacity only criteria announced by the government...

SAUDI ARABIA DECLARES OIL WAR WITH $25 PER BARREL

Highlights: 

• Russia and Saudi Arabia had a fall out on the issue of cutting oil production further 
• Saudi Arabia goes on a free production 
• Gets ARAMCO to overproduce to beat Russia in the oil global market 

It’s ...

HYUNDAI HEAVY INDUSTRY CO. STRIKES A DEAL WITH ARAMCO

Highlights –

• Hyundai Heavy Industry to build offshore oil and gas facilities with Aramco
• Shares of Korea Shipbuilding & Offshore Engineering made a profitable jump
• It will be a $20 Billion project

Hyundai Heavy ...

PAKISTAN DEMANDS BIGGER PETROCHEMICAL PLANT DESPITE ARAMCO’S UNCERTAINTY OVER PROJECT SITE

Highlights:

• A senior official privy to the development has revealed Saudi Aramco may be setting up a refinery with the petrochemical complex at Hub, or at Somiani in the coastal areas of Balochistan near the city of Karachi, Pakistan.
• Authorities at P...

Pompeo Visits Saudi: Iran on Agenda.

After the visit to Addis Ababa, the Ethiopian capital, the US Secretary of State Mike has arrived in Riyadh to meet King Salman, Crown Prince Mohammed Bin Salman and the Foreign Minister Faisal Bin Farhan. Pompeo said that during his visit, threats posed by Iran to American troops in the region a...