In addition, the company announced a share buyback program of $6 billion for the current quarter, without raising its dividend of 25 cents. It said shareholder returns would remain "in excess of 30% of cash flow from operating activities".
Two new discoveries have been made by ExxonMobil offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. With more than 25 discoveries in Guyana this year, Seabob and Kiru-Kiru are the sixth and seventh discoveries.
TotalEnergies and Veolia have signed an agreement to construct the largest solar photovoltaic (PV) system for Oman's Sur desalination plant. Located on the site of the Sharqiyah Desalination Plant, which supplies drinking water to more than 600,000 people in Sharqiyah and the Gulf region, the power plant will generate electricity.
On the operated Fenja field in the Norwegian Sea, Neptune Energy today reported the safe and effective drilling of four development wells in advance of production start-up.
Today, Shell USA and Shell Midstream Partner announced that they had signed a definitive agreement and plan of merger (collectively, the "Transaction"); according to this agreement, Shell USA will purchase all of the common units that the general public holds that represent limited partner interests in SHLX (the "Public Common Units") for a price of $15.85 per Public Common Unit, or roughly $1.96 billion.
Today, the Berkine North Basin in Algeria's desert, home to the Sif Fatima II concession, and Eni and SONATRACH report another another discovery.
An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.
Siemens Energy handed over Canadian documentation to Gazprom so that turbines for Nord Stream 1 could be transported, The Russian newspaper Kommersant reported .
Libya's National Oil Company (NOC) announced that the country's largest gas field, Alfaragh, began pumping gas to the Electrical Sarir station.
It is announced that TotalEnergies, the operator of the OML99 field (40%) and the Nigerian National Petroleum Corporation (NNPC, 60%) have started production at the Ikike field in Nigeria.
