Iran, Russia Sign MoU for Gas Supply Cooperation
Iran signed on Wednesday a memorandum of understanding (MoU) with Russia for the transfer of Russian gas to Iran, with the aim of strengthening and developing the countries cooperation in this field.
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TotalEnergies Signs Two LNG Supply Contracts in Asia
TotalEnergies has signed two new LNG medium and long-term contracts in Asia, aligned with its strategy to grow its liquefied natural gas (LNG) business. One is a sales and purchase agreement (SPA) signed with Indian Oil Corporation (IOCL) to deliver up to up to 800,000 tons per year of LNG for ten years from 2026 to India, while the other is a Heads of Agreements (HoA) signed with Korea South-East Power to deliver around 500,000 tons per year of LNG for five years from 2027 to South Korea.
Rongsheng Petrochemical Secures its First Canadian TMX Crude Cargo
Chinese refiner Rongsheng Petrochemical has purchased its first Canadian crude oil through the recently expanded Trans Mountain Pipeline (TMX) from TotalEnergies via a tender process, according to Reuters.
El Molla Holds Talks with Baker Hughes Focusing on Strategic Partnership
Minister of Petroleum and Mineral Resources Tarek El Molla has held a meeting with Zac Crouch, Vice President of Baker Hughes for the Middle East, North Africa, Turkey and India, and his accompanying delegation.
TotalEnergies to Provide 100M People Access to Clean Cooking by 2030 in Africa, India
TotalEnergies has announced its plan to provide 100 million people in Africa and India access to clean cooking by 2030, thus investing more than $400 million in the development of liquefied petroleum gas (LPG) for cooking.
SLB Surges in Profit by 14% in Q1 2024 Results
SLB has announced its first quarter results, achieving year-on-year 14% rise in profits, driven by higher oil and gas drillings in the Middle East and Asia which had offset decline in North America.
ADNOC Diverts Crude Supply to Refinery, Boosts Murban Oil Shipments
UAE's Upper Zakum crude oil exports fell in March after ADNOC diverted supply to its own refinery and boosted shipments of Murban oil, according to Reuters.
India’s Rana Group Eyes $12 Billion Investment in Egypt’s Green Hydrogen Production
Minister Plenipotentiary Trade and Head of Commercial Representation Yahya Al Wathiq Billah has met with representatives from India's Rana Group, a leading company in several economic sectors, such as electric vehicles, agricultural equipment, satellites, and sustainable energy, including green hydrogen.
Singapore’s Middle Distillates Stocks Reach Highest Level Amid Exports Decline
Singapore's middle distillates stockpiles have surged by 8% week on week, reaching a new high since September 2021, as net exports of both diesel/gasoil and jet fuel/kerosene have slipped by 98% and 26%, respectively, according to Reuters.
