Minister of Petroleum and Mineral Resources Tarek El Molla has inaugurated the roundtable meeting, which was held under the title "Digital Transformation: Accelerating Efficiency in Oil & Gas Operations" and organized by Egypt Oil & Gas Group and technically prepared by the Egypt Oil & Gas Committee.
Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said in a recent statement.
International Finance Corporation (IFC) and the Italian Climate Fund have invested $210 million in Eni S.p.A.’s Kenya subsidiary to support the expansion of advanced biofuel production and processing, contributing to the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers.
Eni has pledged to distribute improved cookstoves to 10 million people in sub-Saharan Africa by 2027, with a goal of reaching 20 million people by 2030 with advanced cooking solutions.
TotalEnergies has announced its plan to provide 100 million people in Africa and India access to clean cooking by 2030, thus investing more than $400 million in the development of liquefied petroleum gas (LPG) for cooking.
ADNOC has signed a 15-year Heads of Agreements (HoA) with German EnBW for the delivery of 0.6 million metric tons per year (mmtpa) of liquefied natural gas (LNG) starting in 2028 and primarily be sourced from Ruwais LNG plant, which is currently under development in Al Ruwais Industrial City
Aramco has announced its first quarter results of 2024 (Q1 2024), reporting net income of $27.3 billion, slightly lower than Q1 2023 that was $31.9 billion. This was primarily due lower oil prices and volumes sold.
APA Corporation has announced its first-quarter 2024 financial and operational results, reporting a net income attributable to common stock of $132 million, or $0.44 per diluted share, compared to $0.78 a year ago.
Hydrom, Oman's green hydrogen orchestrator, has announced the signing of two green hydrogen projects in Dhofar, totaling a $11 billion investment. These agreements follow the successful second round of Hydrom auctions, positioning Oman to achieve a hydrogen production capacity of 1 to 1.5 million tons per year (mtpa) by 2030.
Marathon Oil has announced its first quarter results of 2024, beating profit estimates, due to higher oil and liquefied natural gas (LNG) pricing.
