Libya's National Oil Corporation (NOC) has been hard at work to raise the production capacity of Alfaragh field, aiming to increase the average daily output to 149 million standard cubic feet of gas and 9000 barrels of condensates.
The Seagreen offshore wind farm, located 27 kilometers off the coast of Angus in Scotland, has begun producing power, according to TotalEnergies and its partner SSE Renewables.
The Russian oil pipeline monopoly Transneft, a major shareholder in CPC, announced on Monday that it had to halt loadings from its SPM-1 and SPM-2 mooring points because of damage at "the attachment points of underwater sleeves to buoyancy tanks."
Eni announced that it has made a significant gas discovery in the Cronos-1 well, which was drilled in Block 6 in 2,287 meters of water depth, 160 kilometers off the coast of Cyprus. Eni Cyprus, the operator of The Block, has a 50% stake, and TotalEnergies is a partner.
China bought discounted coal while Western nations avoided Russian cargoes due to Russia's invasion of Ukraine, causing China's coal imports from Russia to increase by 14% in July from a year earlier to their highest level in at least five years.
Robert Habeck, the German economy minister, said on Sunday that extending the lives of the nation's three surviving nuclear power reactors would only reduce gas use by 2%.
According to a document from the Russian economy ministry, higher gas export volumes coupled with increasing gas prices will increase Russia's energy export revenue to $337.5 billion this year, up 38% from 2021.
Japanese trading firm Mitsui & Co is almost ready to make a final decision to join a new Russian operator for the Sakhalin-2 liquefied natural gas (LNG) project, according to Reuters based on a report from Nikkei newspaper.
In support of Malaysia's ambitions to become a carbon-neutral country by 2050, PETRONAS and Tenaga Nasional Berhad (TNB) have signed a memorandum of understanding (MoU) to deepen their partnership in advancing cutting-edge decarbonization technologies.
Equinor announced a $0.20 ordinary dividend per share and a $0.20 extraordinary dividend per share for the first quarter of 2022. The average USDNOK fixing rate from Norges Bank for the period plus/minus three business days from the record date of August 12, 2022, or a total of seven business days, is the basis for the NOK dividend per share.
