Iraq expects TotalEnergies to start operations in a long-delayed oil, gas, and renewable energy project, at 27 billion USD, in the second half of 2023, Sky News Arabia reported.
QatarEnergy awarded a $10‐billion engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a capacity of 8 tons per annum (MTPA) each.
Venezuelan state-owned oil and natural gas company PDVSA's new management anticipates to increase the country’s output to 1.17 million barrels per day.
Eni intends to place new fixed rate bonds with a 4-year and 10-year maturity (the “Bonds”), under its existing Euro Medium Term Note Program.
In a new step in TotalEnergies' development of battery energy storage systems (BESS), TotalEnergies has launched a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh in Belgium, Total's Antwerp refinery. Total will start installing the battery by the end of 2024, to help meet the European and Belgian high-voltage transmission network 24/7.
Following its authorization granted by the Ordinary and Extraordinary Shareholders’ Meeting, Eni declared that the first tranche of the share buyback program, which will concern up to a maximum of 62 million of Eni’s shares (approximately 2% of share capital), will be launched in the next days.
Iran, Iraq signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects.
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 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 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.
