Several people with knowledge of the situation said on Monday that Saudi Aramco has informed at least seven customers in Asia that they will get full contract volumes of crude oil in November before the peak winter season, Reuters reported.
PETRONAS has announced force majeure (FM) on the gas supply to MLNG Dua due to a pipeline leak caused by soil movement at the vicinity of KP201, Sabah-Sarawak Gas Pipeline (SSGP) that occurred on 21 September 2022.
Three additional partners have joined the North Field South (NFS) project, according to Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy. He said that they will be announced in due time.
Chevron and California Bioenergy declared a joint investment in their second holding company to develop and sell dairy biomethane as a renewable natural gas (RNG) transportation fuel in the state.
According to the EU's head of energy policy, the European Commission is exploring different forms of gas price capping, including one that targets gas used in power generation and a temporary "flexible" price cap, Reuters reported.
According to a securities filing, ExxonMobil indicated strong third quarter operating profits following the previous quarter's all-time record as gains from natural gas offset weaker refining and chemicals, Reuters reported.
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.
