The largest U.S. exporter of liquefied natural gas (LNG) Cheniere Energy announced that its third-quarter LNG income has more than doubled due to increased demand following Russia's invasion of Ukraine, Reuters reported.
BeGreen, a leading solar project developer in North-West Europe, has agreed to be purchased by Equinor. Equinor's skills and portfolio in solar PV will be strengthened by the acquisition.
Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG stated that they plan to pilot blockchain technology to certify the carbon intensity of a variety of products.
In response to the expanding global demand for energy, Abu Dhabi National Oil Company (ADNOC) announced the awarding of three framework agreements totaling $4 billion for integrated drilling fluids services (IDFS). This will support the company's ongoing expansion of its lower cost and lower carbon intensive production capacity.
Gazprom produced 344 billion cubic meters of gas between January and October 2022, according to preliminary data, indicating a decline of 18.6% (or 78.8 billion cubic meters) of YoY.
Shell Petroleum has finalized the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte Ltd (MEXP), a division of Prime Infrastructure Capital Inc. (Prime Infra), with the permission of the joint venture partners and regulatory authorities.
Aramco announced its Q3 performance for 2022, stating that it has made a $42.4 billion net income in Q3 2022, compared to $30.4 billion in Q3 2021.
QatarEnergy announced that it has selected ConocoPhillips to be its third and final international partner in the North Field South (NFS) expansion project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).
Exxon Mobil Corporation reported earnings of $19.7 billion for the third quarter of 2022, or $4.68 per share assuming dilution. The third-quarter results included one-time advantages from tax and other reserve adjustments as well as net favorable identified items of over $1 billion related to the completion of the XTO Energy Canada and Romania Upstream subsidiary divestments, which were partially offset by impairments.
Baker Hughes declared that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.19 per share of Class A common stock payable on November 18, 2022, to holders of record on November 7, 2022. The dividend increase represents a 5.5% growth rate, or $.01, above the payout from the prior quarter.
