- Crude Oil (WTI) 89.61 USD/bbl -0.55%
- Crude Oil (Brent) 95.63 USD/bbl -1.19%
- NYMEX Natural Gas 7.89 USD/MMBtu -2.86%
- OPEC Basket Price 101.19 USD/bbl -2.65%
Shell
Shell Acquires Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has totally acquired Solenergi Power Private Limited and the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
BP
bp to Sell Interest in bp-Husky Toledo Refinery
bp has agreed to sell its 50% stake in the bp-Husky Toledo Refinery in Ohio to Cenovus Energy Inc., its joint venture partner.
Russia
Japan to Maintain Its Stake in Sakhalin-1 Oil Project
After Russia temporarily banned Western investors from selling shares in key energy projects, Japan's minister for economy, trade and industry Koichi Hagiuda stated that the country intends to keep a stake in the Sakhalin-1 oil and gas project,
Profits
HF Sinclair's Remarkable Profit Growth Defies Wall Street's Expectations
HF Sinclair's growth for the second quarter sped way ahead of Wall Street projections due to strong demand for fuel and refined products, Reuters reported.
Egypt
Apache to Boost Production From Egypt's Fields
Minister of Petroleum and Mineral Resources Tarek El Molla met with Apache Corporation CEO and President John Christmann, who is currently visiting Egypt. The meeting took place in the presence of David Chi, Vice-President of Apache Corporation and Country Manager for Apache in Egypt as well as the Egypt Oil & Gas Committee Chairman. They discussed the work system of the two joint companies with Apache (Khalda Petroleum Company and Qarun Petroleum Company) in light of the memorandum of understanding (MoU) signed between the two sides in this context during EGYPS 2022 and activating the merger of the two companies.
ADNOC
ADNOC Drilling Wins Contracts to Boost Offshore Production Capacity Growth
The Abu Dhabi National Oil Company (ADNOC) announced today that ADNOC Drilling has been granted two contracts totaling more than $3.4 billion to employ eight jack-up offshore rigs. The contracts, valued at $1.5 billion and $1.9 billion, respectively, were given out by ADNOC Offshore and will enable the UAE to become self-sufficient in gas as well as the increase of ADNOC's crude oil production capacity to five million barrels per day by 2030.
Wintershall DEA
Wintershall Dea, NWO to Cooperate on Wintershall Dea's BlueHyNow Project
On Wintershall Dea's BlueHyNow project, Nord-West Oelleitung (NWO) and Wintershall Dea will collaborate. Wintershall Dea, Europe's largest independent gas and oil producer, is planning a plant to produce large quantities of low-carbon hydrogen from Norwegian natural gas. BlueHyNow is part of the EnergyHub being built in Wilhelmshaven. An MOU was signed between the two companies on 2 August, and a feasibility study will be completed by the end of the year. NWO's Wilhelmshaven site will be explored for the construction of a hydrogen production plant.
