US energy regulators have approved the Saguaro Connector Pipeline, which would export 2.8 billion cubic feet per day (bcf/d) of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.
The financial statements of Edison for the year 2023 showed significant growth in all business areas, with the company achieving an EBITDA of €1,808 million, a 71% increase from the previous year.
ADNOC has won the Sheikh Hamdan Bin Zayed Environmental Award in the “Environmental Performance” category for implementing sustainability initiatives across the company’s operations.
SONATRACH and the Norwegian company Equinor have signed a memorandum of understanding (MoU) to cooperate on managing and reducing greenhouse gas (GHG) emissions in Algeria.
Equinor, a Norwegian energy group, has reported a slightly higher-than-expected operating profit for the final quarter of 2023. The company's adjusted earnings before tax for October–December fell to $8.68 billion, beating the $8.46 billion predicted by analysts.
Siemens Energy has reported a strong first quarter of the fiscal year, driven by favorable energy market trends.
Longboat Energy, a full-cycle exploration and production (E&P) company operating in Norway and Malaysia, has completed a farm-down transaction of two exploration licenses on the Norwegian Continental Shelf (NCS) through its subsidiary Longboat JAPEX Norge AS.
“This farm down is in line with our strategy to retain exposure to high-quality exploration wells but at minimum use of the company's equity capital,” said Longboat Chief Executive Helge Hammer.
The company has farmed down its interest in PL1182S from 30% to 15% in return for a full carry of the Kjøttkake/Lotus exploration well, up to an agreed cap above the dry well budget. The well is expected to spud in Q3 2024.
In PL1049, which contains the Jasmine and Sjøkreps prospects, Longboat JAPEX has farmed down its interest from 40% to 25% in return for the private Norwegian oil company Concedo, as carrying an element of the company's 2024 exploration expenditure, which mainly consists of seismic costs and studies.
The company has achieved a 66% technical success rate from drilling nine exploration wells in Norway, resulting in six hydrocarbon discoveries.
Moreover, Longboat entered Malaysia in February 2023 through the award of a Production Sharing Contract for Block 2A, offshore Sarawak, with a 52.5% operated interest.
In July 2023, Longboat formed a joint venture with Japan Petroleum Exploration Co., Ltd. (JAPEX) to create Longboat JAPEX Norge AS, in which it holds a 50.1% ownership stake.
Adani Total’s Dhamra liquified natural gas (LNG) terminal in India has received 15 commercial LNG cargoes since commissioning in May 2023, according to CEO Satinder Pal Singh.
bp has reported a profit of $3 billion in the fourth-quarter 2023 results, surpassing forecasts due to strong gas trading.
Italy's Snam has announced the launch of two initiatives to support the country's energy transition. The first is a market test for hydrogen demand, while the second is a collection of expressions of interest for carbon dioxide (CO2) transport and storage.
