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.
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 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.
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.
