Aramco Achieves Net Income Worth $110B in 2021
Saudi Arabia's Aramco announced that it has achieved a jump in its net profits which more than doubled year-on-year (YoY) by 124% to $110 billion in 2021 compared to $49 billion in 2020.
News / International
Baker Hughes Suspends New Investments in Russia
Baker Hughes has announced that it has halted its new investments in Russia due to its invasion of Ukraine.
PETRONAS Awarded North Ketapang Block in Indonesia
During the second round of the Indonesia Petroleum Bid Round 2021, PETRONAS announced that its subsidiary PC Ketapang II Ltd has been awarded the North Ketapang block, located onshore and offshore East Java.
Eni Publishes 2022-2025 Strategic Plan
Eni's CEO, Claudio Descalzi, announced the company’s Strategic Plan from 2022 to 2025. Eni’s strategy targets delivering energy system sustainability and security, while focusing on a just energy transition as well as value creation for stakeholders.
Germany, Norway Join Forces to Build Hydrogen Pipeline
Germany and Norway announced their intend to establish a hydrogen pipeline between the two sides to substitute Russian sources of energy.
US Gives Green Light to Increase LNG Supply to Europe
The American government announced that it had approved to provide additional exports of liquefied natural gas (LNG) from two major facilities on the U.S. Gulf Coast to Europe, Reuters reported.
NIOC Signs Contract for Oil & Gas Development at South Pars Layer
The CEO of the National Iranian Oil Company(NIOC) , Mohsen KhojastehMehr, announced that the company has signed a contract for the development, production and increase of oil production from the South Pars oil layer.
PTTEP, Chevron Acquire Shell’s Stake in Myanmar
PTTEP International, a subsidiary of the Thai national energy company PTT, confirmed it decision to take over the operatorship of Yadana and MGTVC in addition to TotalEnergies' share in Yadana.
ONHYM, Sound Energy Sign Tie-In Agreement for Gas Maghreb-Europe Pipeline
The Office National des Hydrocarbures et des Mines (ONHYM) has signed a tie-in agreement with Sound Energy company for the Gas Maghreb- Europe pipeline as a part of Tendrara development project in Morocco.
Equinor to Increase Natural Gas Supply to Europe Throughout the Summer
Equinor and its partners, together announced that they will intensify their production to meet the gas demand in Europe during summer months.
