Companies

Eni has officially commenced gas production from the Argo Cassiopea field in Italy, Trend reports. The gas, extracted from one of four subsea wells recently drilled in the Strait of Sicily, is being transported via a 60-kilometer subsea pipeline to the Gela processing plant. Once processed, the gas will be …

Norway’s Equinor has shut down its Gullfaks C platform in the North Sea following a well control problem that also prompted the evacuation of some workers, Reuters has reported, citing a company spokesman. The spokesman added that production from the field was stable. Even so, the Norwegian gas system operator …

Russian gas producer Novatek PJSC seems to be pushing ahead with an expansion project at its Arctic LNG 2 plant despite Western energy sanctions. A small fleet of tug vessels towing a second production train has approached the site of the plant on Saturday, according to ship-tracking data. The platform …

Saudi Arabian Oil Co. (Aramco) is partnering with a Saudi-based research university and investing millions of dollars in future projects. The national oil company signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to support research that aims to deliver environmental and commercial benefits, …

Shell and PetroChina will invest in the second phase of a coal seam gas project in northeast Australia to boost supply to domestic customers and long-term LNG shipments, the UK-based supermajor said on Monday. Arrow Energy, a 50/50 joint venture between Shell and the Chinese giant, announced plans to develop …

Natural gas flows from Russia to Europe via Ukraine continued on Thursday despite clashes at the Russia-Ukraine border near the only gas metering station that still sends Russian gas west to Europe. Unconfirmed reports emerged on Wednesday that Ukraine had seized Sudzha gas metering station in the Russian region of …

Saudi oil giant Aramco on Tuesday reported $56.3 billion in profits for the first half of the year, down from the year before due to weakening volumes sold amid worries about the global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year …

Global oil demand is expected to rise by between 1.6 million and 2 million barrels per day (bpd) in the second half of the year, Saudi Aramco’s chief executive Amin Nasser said on Tuesday, noting that the past week’s selloff in oil doesn’t reflect fundamentals. Aramco sees total global oil …

Saudi Aramco raised the official selling prices of its light crude for Asian clients for the first time in three months, with the September price for flagship Arab Light up by $0.20 per barrel for September delivery. Aramco kept Arab Medium and Arab Heavy crude prices unchanged for Asian buyers. …

ExxonMobil beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of Pioneer Natural Resources fueled a record quarterly production and the highest oil production since the Exxon and Mobil merger. Exxon said on Friday that its second-quarter 2024 earnings came in …