Shell reported third-quarter profits of up to $9.45 billion, easing from the previous quarter's record high due to lower refining and gas trading, as it declared plans to dramatically increase its dividend by year end when its CEO departs, Reuters reported.
TotalEnergies reported a substantial increase in net profit for the third quarter compared to the same period last year, joining other energy titans in the sector in benefiting from higher oil and gas prices, albeit it also recorded a new impairment relating to Russia.
Affiliates of QatarEnergy and ExxonMobil have committed to independently offtake and market their respective proportionate equity shares of LNG produced by the Golden Pass LNG Export Project located in Sabine Pass, Texas in the United States of America (“Golden Pass LNG”). According to the contract, 70% of the LNG generated by Golden Pass LNG will be offtaken, transported, and traded by QatarEnergy Trading LLC, a fully owned subsidiary of QatarEnergy.
ExxonMobil announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore of Guyana, which will be a significant contribution to the company's extensive portfolio.
TotalEnergies declared that it reached the milestone of 500 MW of onsite B2B solar distributed generation in operation. In Asia, the Middle East, Europe, and the US, solar panels have been installed in more than 300 locations owned by its industrial and commercial clients.
The European Commission has cautioned against an EU-wide cap on the price of gas used to produce electricity could result in an increase in gas use and exports of EU-subsidized electricity, according to a document seen by Reuters.
China's oil imports from Russia increased by 22% in September compared to the same month last year, but they lagged Saudi Arabia somewhat as independent refiners increased their purchases of cheaper Russian fuel in response to low local refining margins.
The largest provider of oilfield services in the world Schlumberger has announced that it is rebranding as "SLB" with a new name, color scheme, and logo that emphasizes its goals for a future with less carbon emissions.
QatarEnergy declared that it has chosen Shell as its second international partner in the North Field South (NFS) expansion project, which comprises 2 LNG mega trains that will have a combined capacity of 16 million tons per annum (MTPA) and which will raise Qatar’s total LNG production capacity to 126 MTPA.
