Russia’s Gazprom PJSC plans to invest $17.6 billion (RUB 1,573.627 billion) in projects next year. The company’s management committee reviewed the preliminary operating results for 2023 and the projected investment program and budget for 2025-2026, the company said in a media release. The committee endorsed the drafts of the investment …
Read More »BP Enters Japan’s Power Retail Market
BP said on Monday it has entered Japan’s power market after receiving approval from the industry ministry to operate as a retail electricity provider. BP, focused on transforming itself into an integrated energy company, said in a statement the move was part of its plan to expand its investment in …
Read More »Gazprom Boosts Gas Exports to China, Surpassing Contractual Volumes
In a strategic pivot towards Asia, Gazprom PJSC has reported delivering record volumes of natural gas to China through the Power of Siberia 1 pipeline, exceeding its supply obligations. The Russian energy giant fulfilled an elevated request from China National Petroleum Corporation (CNPC) on Thursday, marking a significant moment as …
Read More »Gazprom Mulls Investment Cut as Exports Drop
Russian state-owned energy giant Gazprom has said it planned to cut investment spending by a fifth next year amid dwindling gas flows to Europe and a heavy tax burden. Since Russia launched its assault on Ukraine in February 2022, European countries have sharply cut gas imports from Russia in a …
Read More »Equinor and BP’s US Offshore Wind Project Presses ahead
Empire Offshore Wind, a joint venture between Equinor and BP, has secured approval for its offshore wind farm project on the US East Coast. The project is the sixth commercial-scale wind farm to be given a go-ahead under President Joe Biden’s administration. Equinor and BP plan to build two offshore …
Read More »UAE Oil Giant and Australian Santos Team Up to Develop Carbon Capture Tech
The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly explore the development of a global carbon management platform to help customers in the Asia Pacific region cut emissions. Abu Dhabi National Oil Company, which pumps nearly all the oil in …
Read More »TotalEnergies Signs Offtake Deal for Oil from Energy Transfer
TotalEnergies SE has signed up for the supply of four million barrels of oil per month from a pending project of Energy Transfer LP in the United States Gulf of Mexico. Energy Transfer has yet to make a final investment decision on the Blue Marlin Offshore Port project, a deepwater …
Read More »Aramco Starts Unconventional Tight Gas Production at South Ghawar Field
Saudi Arabia’s national petroleum and natural gas company Aramco has started producing unconventional tight gas from its South Ghawar field in Al Hasa Province, 200km east of Riyadh. Aramco has started production two months ahead of schedule, which supports its strategy to increase gas production by more than half from …
Read More »Masdar and PLN Inaugurate 192MWp Largest Floating PV Site in Southeast Asia
The Indonesian state utility PLN and UAE state-run renewables developer Masdar have inaugurated the 145MWac (192MWp) Cirata floating solar PV (FPV) plant in the West Java province of Indonesia. Opened by the president of Indonesia, Joko Widodo, Masdar and PLN said that the plant is the ‘largest’ FPV site in …
Read More »Sinopec Signs New 27-Year LNG Supply Deal with QatarEnergy
State-owned Chinese firm Sinopec signed a new 27-year liquefied natural gas (LNG) supply and purchase agreement with QatarEnergy, the two companies said on Saturday. Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state’s North Field expansion project, which will supply 3 million …
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