Gazprom Increases Gas Flow to Hungary Through Turkstream Pipeline
According to a Hungarian foreign ministry official, Russian gas giant Gazprom has increased its flows to Hungary via the Turkstream pipeline, Reuters reported.
News / International
Aramco Achieves 90% YoY Increase in Net Income
Aramco announced its second quarter results for 2022, posting a 90% year-on-year increase in net income and declaring a dividend payment of $18.8 billion.
LIFECO Second Ammonia, Urea Plants Resume Operations
After more than seventy days of a stoppage, workers at the Libyan Fertilizer Company (LIFECO) have restarted the second ammonia and urea plants.
Moldova Unable to Prepay Russian Natural Gas in August
Moldova is not able to pay for natural gas from Russia's Gazprom PAO in August and will have to hope for a deferral, according to the state gas company's head.
Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July
According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.
North Asian Refiners to Receive Full Contractual Volumes of Saudi Crude in September
Saudi Aramco has assured at least four North Asian consumers that it will supply all contracted volumes of petroleum in September, Reuters reported referencing unidentified sources who have knowledge of the matter.
E.ON Reduces Nord Stream 1 Stake Value
The value of E.ON's stake in the Nord Stream 1 gas pipeline has been reduced by roughly EUR 700 million ($715 million) due to "heightened uncertainty" on the effects of Russia's conflict in Ukraine. E.ON is the largest energy network operator in Europe.
Cuba Oil Terminal Third Tank Collapses After Spill
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, the province's governor said, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.
Nigeria’s Buhari Approves Seplat’s Purchase of ExxonMobil’s Nigeria Unit
According to a statement released by the Nigerian government, Nigeria’s President Muhammadu Buhari has approved Seplat's purchase of ExxonMobil's Nigerian subsidiary, Reuters reported.
Saipem to Close Russia’s Arctic LNG 2 Projects
According to its interim financial report, Saipem is in talks with Novatek to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek .
