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 acquired Iber Resinas, a Spain-based company specialized in the mechanical recycling of plastics for sustainable applications.
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.
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 made $5 billion profit in the first quarter of 2023 while the company’s shares fell as it slowed a share buyback program.
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.
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.
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 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 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.
