Equinor, ExxonMobil to Expand Production in Brazil
Equinor SA and Exxon Mobil Corp announced that they have taken the first steps to expand thier oil development in Brazil with costs $8 billion.
News / International
Bahrain to Import LNG To Meet High Demand
Bahrain disclosed that it seeks to import at least five or six cargoes of liquefied natural gas (LNG) in 2025 toml meet the rising demand of energy with the start of the summer.
Saudi Arabia Oil Production Capacity to Reach 13.4 mmbbl/d by 2026
According to Saudi Energy Minister Abdulaziz bin Salman, the Kingdom will be able to produce between 13.2-13.4 million barrels of oil per day (mmbbl/d) by the end of 2026 or beginning of 2027 thanks to increased production in the divided zone.
Aramco’s Q1 Net Income Shoots Up 82% YoY Amid Skyrocketing Oil Prices
Saudi Aramco's net income soared by 82% year-on-year (YoY) in the first quarter of the year, as the group took advantage of the volatility in global energy markets and surging oil prices after Russia invaded Ukraine.
GECF Secretary General Indicates Natural Gas Expansion in G20, Asia
The next G20 Energy Ministerial, which will be hosted by Indonesia, provides a chance to highlight natural gas's expanding role in meeting the G20's growing energy needs, as well as recognise its global relevance.
Equinor, Aibel Ink 10-Year Strategic Collaboration Agreement
As part of their ongoing efforts, companies will continue to look for ways to standardize and simplify offshore wind and electrification of oil and gas installations. All Equinor and Aibel activities are focused on raising awareness of climate change in the fabrication phase and supply chain and reducing emissions. A long-term objective for both companies is to expand the activity in North Norway.
Iran, Russia’s Gazprom to Boost Energy Cooperation
Mohsen Khojasteh-Mehr, Managing Director of the National Iranian Oil Company (NIOC), stressed a strong commitment to promoting energy cooperation between his country and Russia.
ExxonMobil, Petramina Join Forces in Carbon Capture and Storage
ExxonMobil and Indonesia's state-owned energy company Pertamina have signed a joint study agreement to assess the potential for large-scale implementation of lower-emission technologies, such as carbon capture and storage and hydrogen production.
Eni Outlines Support of Education, Youth Entrepreneurship in Egypt in Latest Sustainability Report
In its 16th voluntary sustainability report “Eni for 2021 - A just transition”, Eni outlined its pivotal role in supporting Egyptian local and youth entrepreneurship, in addition to promoting education and professional training in Egypt as well as Angola, Iraq, Mexico, and Mozambique.
bp Bids for Two Dutch Offshore Wind Leases
In the Netherlands, bp has submitted bids for two offshore wind leases that together have a capacity of 1.4GW.
