McDermott has signed a memorandum of understanding (MoU) with Shell to collaborate on decarbonising construction.
Negotiators reached agreement on the climate section of the Group of 20 summit’s final conclusions, but had to water down initial proposals to get everyone to sign off on a statement for leaders to take to the COP26 meeting in Glasgow this week.
Saudi’s oil giant Aramco reported a 158 percent increase in net income to US $30.4 billion within the third quarter of this year, compared to last year, due to a higher crude oil prices and volumes sold and stronger refining and chemicals margins in Q3.
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