Exxon, Sabic Launch Texas Study

ExxonMobil and Saudi Basic Industries Corporation (Sabic) signed an agreement in Riyadh May 20 to conduct a detailed study of the proposed US Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.

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N Ireland Storage Developer Admits Cash Squeeze

UK-listed InfraStrata said May 22 it is seeking any non-binding offers with regard to its as yet undeveloped Islandmagee gas storage project in Northern Ireland, saying that the company may run out of cash by August.

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EU Authorises Start of Brexit Negotiations

The European Council -- the body representing the EU's member states -- has adopted a decision formally authorising the start of talks with the UK following the latter's notification in March of its intention to leave the EU, it said May 22.

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Sharjah Entities Sign Gas Deal

The Sharjah National Oil Corporation (Snoc), and the Sharjah Electricity and Water Authority (Sewa) have signed a full gas sales agreement under which Snoc will supply imported LNG to Sewa for power generation, official Emirates News Agency reported May 20.

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French State EDF Sells Polish Assets

French generator EDF has sold its Polish electricity generation business to Polska Grupa Energetyczna (PGE), it said May 22. The deal values the subsidiary at PLN 6.

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