News / International

Rosneft’s H1 2025 Revenues Fall 17.6% Amid Lower Oil Prices

Rosneft's revenue in the first half of 2025 declined to RUB 4,263 billion (around $52.88 billion), marking a 17.6% decrease compared to the same period last year, the company said in a statement. This reduction was mainly due to falling oil prices and a stronger ruble. Although the company worked to reduce costs and expenses, these efforts were insufficient to offset the revenue decline, partly because of mandatory tariff hikes from natural monopolies. Consequently, EBITDA for the period fell to RUB 1,054 billion (approximately $13.07 billion).

ADNOC to Provide IndianOil with LNG from Ruwais Project

ADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG) annually, mainly from ADNOC’s lower-carbon Ruwais LNG project.

Baker Hughes Awarded Long-term Agreement to Supply Services to bp’s Tangguh LNG Plant

Baker Hughes, an energy technology company, won a long-term agreement for supplying services to bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia.

Sinopec to Supply Engineering Services to Saudi Arabia’s ACWA Power in Yanbu

China’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of what will be the world’s largest integrated green hydrogen and green ammonia facility in the country, Reuters reported.

Drydocks World Secures Contract for World’s Largest Floating LNG Facility

Drydocks World, a DP World company, was awarded a major Engineering, Procurement, and Construction (EPC) contract by Mexican joint venture (JV) AMIGO LNG. The project involves creating the world's largest Floating Liquefied Natural Gas (FLNG) liquefaction facility. To be carried out at Drydocks World’s yard in Dubai, the project involves converting two LNG carriers into Floating Storage Units (FSUs) and constructing two new FLNG barges. Once operational in the second half of 2028, the four-vessel facility will provide more than 4.2 million tons per year of liquefaction capacity, surpassing any existing floating LNG development worldwide.

TotalEnergies, Partners Send First CO2 Vessel to Norway’s Northern Lights’ Facilities

TotalEnergies, along with its partners Equinor and Shell, has successfully sent the first CO2 volumes by a vessel from Heidelberg Materials’ cement factory in Brevik to Northern Lights, the world's first cross-border CO2 transport and storage facility, in Øygarden, Norway. In a statement, TotalEnergies said that these volumes were injected 2,600 meters below the seabed into the storage facilities, 100 km away from the coast of Western Norway.

Iraq Is Close to Self Sufficiency in Petroleum Products

Iraq has announced two key achievements in its petroleum sector, marking an important step forward for the country’s energy landscape. The country has raised its refining capacity to 1.3 million barrels per day (mmbl/d), positioning itself among the top Arab countries in the sector,In addition, Iraqi Oil Ministry declared that it has initiated loading of its largest liquefied petroleum gas (LPG) tanker, which can carry up to 20,000 tons of semi-chilled gas through Basra Gas Export port.

Zimbabwean President Emmerson Mnangagwa to Deliver Keynote at AEW 2025

Zimbabwean President Emmerson Mnangagwa has been confirmed to speak at this year’s edition of the African Energy Week (AEW): Invest in African Energies conference. Taking place September 29 to October 3 in Cape Town, the event represents the premier dealmaking platform for the African energy sector. President Mnangagwa’s participation reflects the country’s ambition to unlock the full potential of its energy sector and comes as international and regional companies advance projects in natural gas and renewable energy.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.  Both Egypt Oil & Gas Group (EOG) and the Egyptian Gas & Energy Association (EGEA) are proud media partners in the event. Visit www.aecweek.com for more information about this exciting event.

Nigeria’s President Tinubu to Bring Bold Energy Reforms to AEW 2025 Stage

African Energy Week (AEW) 2025: Invest in African Energies, is proud to announce that Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, will address delegates at Africa’s premier energy event in Cape Town. President Tinubu’s participation comes as Nigeria undergoes one of the most ambitious reform drives in its oil, gas and broader energy sectors – a drive that is reshaping the country’s investment climate and unlocking multi-billion-dollar opportunities across the value chain.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Both Egypt Oil & Gas Group(EOG) and the Egyptian Gas & Energy Association (EGEA) are proud media partners in the event. Visit www.aecweek.com for more information about this exciting event.

ADNOC-Led Consortium Gets More Time on $18.7bn Santos Bid

Australia's second-largest independent gas producer Santos has agreed to extend the exclusivity period for a $18.7 billion takeover bid from a consortium led by Abu Dhabi National Oil Company (ADNOC), according to Reuters. The due diligence deadline has also been pushed for a month to September 19, giving ADNOC’s investment arm XRG and its partners more time to finalize a binding proposal.

Page 25 of 1135

Popular Tags

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password