Shell Egypt has announced a new discovery after successfully completing the drilling of the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, in the Mediterranean Sea.
ExxonMobil has announced the start of production at Payara, Guyana's third offshore oil development on the Stabroek Block.
To begin with, a diversified energy mix is often viewed as a crucial component of energy security since having several sources enables a nation to keep running normally even if one of its sources of energy is unsuccessful.
The US Energy Department has announced on Monday that it plans to buy 1.2 million barrels of oil in order to replenish the Strategic Petroleum Reserve (SPR). This comes after the largest-ever sale of 180 million barrels from the reserve last year. The purchase will be made at an average price of $77.57 per barrel from two companies, following the submission of 18 bids.
The company's general assembly approved an increase in the authorized, issued and paid-up capital, and amending Article 3 of the company's bylaws to add activities related to hydrogen, and the separation and transfer of carbon dioxide, to the activity of the company responsible for activities related to the management and operation of the national natural gas network.
The Egypt Energy Show and Conference (EGYPES) has announced that it will witness the launch of the first forum of "Climate Technology Challenge" in the region during its seventh edition that will be held during the period between 19 -21 February 2024.
Eni has announced that it signed a new LNG sales and purchase agreement with Merakes LNG Sellers, according to a press release from the company.
Shell and QatarEnergy signed a long-term LNG sale and purchase agreement (SPA) for the development of the North Field East (NFE) project in Qatar to supply up to one million tons per annum (MTPA) of LNG from Qatar to Italy’s FSRU, which is currently located in the port of Piombino in Italy’s Tuscany region and is expected to receive LNG in 2026 with a duration of 27 years.
Shell Gas has announced that it signed an amended shareholder’s agreement with partners in the Oman LNG LIC venture to push the liquified natural gas (LNG) business beyond 2024.
