ExxonMobil Achieves $36B in Profits During 2023
ExxonMobil has reported a $36 billion profit for 2023 due to strong performance in fuel trading and increased production of oil and gas.
News / International
QatarEnergy Signs 10-Year Condensate Supply Deal with Japan’s Mitsui
QatarEnergy have signed a 10-year long-term agreement for the supply of 11 barrels of condensate per year to Mitsui and Co. Energy Trading Singapore Pte. Limited, starting in April.
Shell Scores $28B in Profits in 2023, Boosting Dividend
Shell has reported a strong performance in the fourth quarter of 2023, with adjusted earnings of $7.3 billion and 28.3 billion dollars for the full year, reflecting robust operational performance and strong LNG trading and optimization results.
TotalEnergies Acquires 50% Stake in Malaysian SapuraOMV
TotalEnergies has announced that it signed an agreement with OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn. The deal is valued at $903 million, including the transfer of a $350 million loan granted by OMV to SapuraOMV.
QatarEnergy Announces Award of $6B EPC Contracts for Al-Shaheen Oil Field Development
QatarEnergy has announced the award of Engineering, Procurement, Construction, and Installation (EPCI) contracts worth more than $6 billion related to the next development phase of the offshore Al-Shaheen oil field. The project aims to increase production by about 100,000 barrels of oil per day (bbl/d).
Eni Completes Acquisition of Neptune Energy Group
Eni has announced the closing of its acquisition of Neptune Energy Group Limited.
Indonesia Issues New CCS Regulation
Indonesia has issued a new presidential regulation on carbon capture and storage (CCS). This regulation, which went into effect on Tuesday, allows CCS operators to reserve 30% of their storage capacity for imported carbon dioxide (CO2).
Oman’s Refineries Production Increases by 1.2%
Oman has recorded a 1.2% increase in production of refineries and petroleum industries by December 2023 compared to the same period in 2022, according to the preliminary statistics of the National Center for Statistics and Information (NCSI).
QatarEnergy, Excelerate Energy Sign 15-Year LNG Supply Agreement
QatarEnergy and US-based Excelerate Energy have signed a 15-year agreement for the supply of liquefied natural gas (LNG) to Bangladesh starting in January 2026.
Aramco to Maintain MSC at 12 mmbbl/d
Aramco has announced its intention to maintain maximum sustainable capacity (MSC) at 12 million barrels per day (mmbbl/d).
