bp to Purchase Shell’s Stake in Australia’s Browse Gas Project
bp will expand its holding in Australia’s largest untapped gas resources by buying the 27% stake of the Browse joint venture that is owned by Shell, Reuters reported.
News / International
ExxonMobil Achieved Earnings of $11.4B in Q1 2023
ExxonMobil reported a record first-quarter earnings of $11,430 billion which is more than double from the same quarter a year ago, the same has happened to the earnings per share (EPS) which has increase to $2.79.
ADNOC L&S Announces Arrival of LNG Carrier at Batangas Bay
ADNOC Logistics & Services (ADNOC L&S), one of the region’s largest shipping and integrated logistics companies, said in a statement that Ish, which is LNG carrier, has docked successfully at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, as it continues expanding its operations globally.
Cosmo to Maintain Current Refining Capacity for the Next Ten Years
Cosmo Energy Holdings, Japan's third-biggest refiner has three refineries in Japan, with a total refining capacity of 363,000 barrel-per-day, intend to keep the current refining capacity at least until 2030 despite an anticipated decline in gasoline demand in Japan due to an ageing population and higher sales of electric vehicles (EV), according to Shigeru Yamada, group CEO, Reuters reported.
OPEC+ Sees No Need for Further Oil Output Cuts: Russian Deputy PM
OPEC+, the Group of leading oil producers, saw no need for further oil reductions despite lower-than-expected Chinese demand, but that the organization can always adjust its policy if necessary, according to Russian Deputy Prime Alexander Novak, Reuters reported
Wintershall Dea Announces Stable Operational Performance for Q1 2023
Wintershall Dea announced a stable operational performance for Q1 2023 when the company’s daily output recorded 318,000 barrels of oil equivalent (boe/d) for the quarter.
El Molla: Natural Gas Delivered to 8 Million Homes in Nine Years
Minister of Petroleum and Mineral Resources Tarek El Molla confirmed the delivery of natural gas to more than 8 million housing units in nine years.
Gazprom Establishes Middle East Unit
Gazprom, the Russian majority state-owned multinational energy corporation, is establishing unit in the Middle East, Reuters reported.
IEA’s Birol Warns of Tight Global Oil Market in H2 2023
The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fatih Birol, Executive Director of the International Energy Agency (IEA).
Petrofac Financial Report Indicates Efforts to Ensure Sufficient Liquidity
Petrofac's released a recent report outlining some of the company's efforts to ensure sufficient liquidity to support its strategy.
