Iran, Iraq Oil Ink Energy Cooperation MoU
Iran, Iraq signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects.
News / International
ADNOC, Baker Hughes Ink Strategic Agreement to Advance Hydrogen Technology Innovation
ADNOC signed a strategic technology collaboration agreement with Baker Hughes to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene.
Aramco’s Cash Flow from Operating Activities Reached $39.6B in Q1 2023
Aramco announced a net income of $31.9 billion in Q1 2023 and a strong cash flow from operating activities of $39.6 billion as well as a free cash flow of $30.9 billion.
Eni Partners with Kraken to Support the Growth of its International Retail Energy Business
Eni partners with Kraken over a strategic partnership that will Eni progressively adopt Kraken platform in the countries where the company operates its international retail energy business, which currently counts around 2 million customers in France, Greece, Slovenia, Spain and Portugal.
Japan’s Osaka Anticipates Profit Jump in FY2023/2024 After Freeport LNG Resumption
Osaka, the Japanese gas company based in Osaka, anticipated that after the resumption of Freeport LNG's export plant, which was shut down after a fire in June 2022, its net profit will double to 116 billion yen ($859 million) in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.
TotalEnergies Acquires Spain’s Iber Resinas
TotalEnergies acquired Iber Resinas, a Spain-based company specialized in the mechanical recycling of plastics for sustainable applications.
Iraq to Announce El-Faw Refinery Oil Project Agreement
Iraq, OPEC's second largest oil producer, is planning to launch an investment project in the Southern Faw Peninsula, which is “El-Faw” oil refinery with a production capacity of 300,000 barrels per day, Attaqa reported.
US Weekly Oil, Gas Rig Count Up 43 Rigs Compared to Last Year Despite Deep Decline: Baker Hughes
Despite the deepest weekly decline in US energy firms' oil and natural gas rig count since February, Baker Hughes pointed out that the total count was still up 43 rigs, 6% more compared to the same period last year, Reuters reported.
bp’s Profits Reach $5B in Q1 2023, Shares Decline
bp made $5 billion profit in the first quarter of 2023 while the company’s shares fell as it slowed a share buyback program.
Aramco, Baosteel, PIF Ink JV to Establish First Integrated Steel Plate Manufacturing Complex in Saudi Arabia
Aramco, Baoshan Iron & Steel Co., Ltd. (Baosteel), and the Public Investment Fund (PIF) have inked a joint venture (JV) to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia.
