Suriname's state-owned oil company, Staatsolie,m has signed a deal with Petronas and ExxonMobil to extend exploration of a gas discovery off the coast of Suriname in addition to considering the potential of a floating LNG project.
TotalEnergies and Bapco Energies, the leading energy transition company in Bahrain, have cooperated to optimize the trading of petroleum products.
Iran's largest oil refinery, the Abadan oil refinery, has increased its processing capacity as part of the government's efforts to reduce the export of crude oil.
Three of the top energy companies in the Philippines have partnered to create a large-scale integrated liquefied natural gas (LNG) facility. This partnership, valued at $3.3 billion, marks the first time that Aboitiz Power, a subsidiary of Manila Electric (Meralco), and San Miguel Corp. have collaborated on such a project.
Aramco has completed its 100% acquisition of Esmax Distribución SpA, a prominent downstream fuels and lubricants retailer in Chile, marking Aramco's first investment in the South American market.
TotalEnergies has announced the signing of a sale and purchase agreement with Singapore's Sembcorp Industries. The deal involves the supply of up to 0.8 million tons of liquefied natural gas (LNG) per year to Sembcorp for a duration of 16 years, starting in 2027.
Italian oilfield services provider Saipem has surpassed its strategic plan targets, reporting a revenue of €11,874 million in its full-year 2023 results, a 19% increase compared to 2022.The company also reported adjusted EBITDA reaching €926 million, a 56% rise from 2022.
Emirates Gas, a subsidiary of ENOC Group, has launched the first 2 kg and 11 kg sizes of Marine LPG Composite Cylinders in the UAE, aimed to enhance the sailing and marine lifestyle experience for customers.
Saudi Aramco has signed procurement agreements worth $6 billion with local vendors, aimed at widening its domestic supply base.
Eni has announced its fourth-quarter results for 2023 with an adjusted net profit of €1.64 billion, exceeding analysts' expectations.
