The chief executive of Saudi Aramco said that the oil market is not paying attention to the fact that the world's spare capacity to increase oil output is very low, and the chief executive of Shell claimed that investments will not change because of the high price of oil.
TotalEnergies and Holcim signed memorandum of understanding (MoU) to collaborate on the full decarbonization of a cement production facility that Holcim is upgrading in Obourg, Belgium.
According to OPEC sources, OPEC+ may consider reducing oil production by more than 1 million barrels per day the following week in order to address the weakness in oil market. This would be the largest action taken since the COVID-19 crisis, Reuters reported.
PETRONAS is delighted to declare that the Gumusut-Kakap (GK) Phase 3 deep-water development project, off the coast of Sabah, Malaysia has achieved its first oil production.
In an effort to reduce southeast Europe's dependence on Russian gas and boost energy security, Greece and Bulgaria started commercial operation of a long-delayed gas pipeline, Reuters reported.
Effective as of October 6, 2022, Torgrim Reitan has been named executive vice president and chief financial officer of Equinor.
Satish Pai has been appointed as a non-executive director on bp's board. His appointment will begin on March 1, 2023. Upon appointment, Satish will take a seat on the Safety and Sustainability Committee.
In response to appeals from several nations for Brussels to act to control skyrocketing gasoline costs, the European Commission has issued a warning to EU member states that a broad cap on gas prices could be difficult to implement and present dangers to energy security.
According to a spokesman who talked to the newspaper Svenska Dagbladet, Sweden's coast guard spotted a fourth gas leak on the damaged Nord Stream pipelines earlier this week.
In order to jointly achieve the sustainability goal of becoming carbon neutral by 2050, PETRONAS has inked memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI) and a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC).
