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.
Santos Ltd. of Australia announced that it will proceed with constructing a $2.6 billion oil project in Alaska. This unexpected announcement caused the energy producer's shares to decline despite the company reporting a record first-half profit.
Shell announced its intention to shut down a crucial Gulf of Mexico crude oil pipeline that transports oil to refineries in Louisiana for two weeks in September.
Russia's state-owned gas company Gazprom warned that this winter, European gas prices might rise by 60% to more than $4,000 per 1,000 cubic meters as the company's own export and production continue to decline as a result of Western sanctions.
Germany signed a memorandum of understanding (MoU) on Tuesday for the provision of two floating liquefied natural gas (LNG) gas terminals with the nation's main gas importers Uniper (UN01.DE), RWE (RWEG.DE), and EnBW's (EBKG. DE) VNG (VNG.UL), Reuters reported .
Baker Hughes announced an agreement for its acquisition of Quest Integrity, a subsidiary of Team, Inc and a global leader in the development and delivery of technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power generation sectors.
The cost of light crude oil, heavy crude oil, and Forouzan crude for sale in September has been fixed by the NIOC's international affairs division at $9.50, $6.30, and $6.40, respectively, over the average oil price between Oman and Dubai.
