Production has been temporarily paused at Venezuala’s largest refinery, with a daily capacity up to 645,000 barrels per day (bbl/d), due to an electrical fault that caused a blackout, according to a report from Reuters.
The global Aiming for Zero Methane Emissions Initiative, which includes supporters such as bp, Chevron, Equinor, ExxonMobil, Petrobras, and Shell, is now being reinforced by Wintershall Dea as Europe's largest independent gas and oil producer.
Preliminary figures show that from January to June 2022, Gazprom produced 238.4 billion cubic metres of gas. Comparing this to the same period last year, there has been a decline of 8.6 cents (or 22.4 billion cubic metres).
Today, Neptune Energy announced that drilling has started at its owned and managed Adorf Z17 gas appraisal well in the northwestern German municipality of Georgsdorf.
Petronas has signed a memorandum of understanding (MoU) with Mitsui & Co., Ltd. (Mitsui & Co.) for the study of the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia.
There are more than half a billion barrels of oil left unsupplied by OPEC+, raising concerns about the group's ability to balance the global market. OPEC+ members produced 2.7 million barrels a day less than their target in May, bringing their compliance rate with the deal to 256%.
XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada, is being sold by ExxonMobil's Canadian affiliates, Imperial and ExxonMobil Canada, to Whitecap Resources Inc.
In an effort to accelerate the development of low-carbon solutions for the energy industry, the Saudi Arabian Oil Company ("Aramco") launched the Aramco Research Center at KAUST (ARC KAUST) today.
Equinor and SSE Thermal are stepping up their efforts to contribute to decarbonization in the UK as Energy Capital Partners (ECP), an energy-transition infrastructure investor, is selling Triton Power to the companies, and they are preparing to use hydrogen in the Saltend Power Station.
The Chairman of the Board of Directors of Libya National Oil Company (NOC) Mustafa Sanalla stated that they are currently considering declaring the state of force majeure within 72 hours unless production and shipping can resume at the oil ports in the Gulf of Sirte.
