Companies

Gazprom Kyrgyzstan has invested 30 billion soms in the restoration and modernization of the country’s gas industry for eight years. Deputy General Director of the company for Economy and Finance, Arzymat Aldayarov, announced at a press conference organized by 24.kg news agency. He recalled that in the past eight years, …

ExxonMobil’s low-carbon hydrogen project in Baytown, Texas, has entered a new stage with a contract award to Technip Energies for front-end engineering and design (FEED). The low-carbon hydrogen, ammonia, and carbon capture facility is expected to produce one billion cubic feet of low-carbon hydrogen per day, making it the largest …

The Abu Dhabi National Oil Company (ADNOC) is eyeing a valuation of at least $50 billion for its gas business slated to float this quarter, two sources familiar with the matter said, setting the stage for one of the most highly anticipated stock market listings this year. The state oil …

France’s TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon, the French firm said on January 29. “We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon’s …

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023. The five companies are expected to report $198.7 billion in combined 2022 profit in …

Italian oil and gas major Eni and Algeria’s Sonatrach have signed strategic agreements to accelerate emissions reduction and strengthen energy security. Eni said that, through the agreements, the two companies would identify opportunities for the reduction of greenhouse gas and methane gas emissions. They will also define energy efficiency initiatives, …

Rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023, Westwood Energy believes. In 2022, offshore rig activity for both jack-ups and floating rigs was robust in several key regions of the world. Global marketed jack-up utilization increased from 87% …

Eni and Algeria’s Sonatrach have signed two deals on future projects on energy supply, energy transition and decarbonisation, the Italian energy group said on Monday. The agreements were signed in Algiers in the presence of Italy’s Prime Minister, Giorgia Meloni, and Algeria’s President, Abdelmadjid Tebboune. Under the deals, Eni and …

Norwegian state-owned energy giant Equinor has received consent from the country’s offshore safety regulator to use one of Transocean’s semi-submersible rigs for plugging, drilling and completion activities at a field in the North Sea off Norway. The Petroleum Safety Authority Norway (PSA) revealed on Thursday that it had given Equinor …

Equinor and its partners have made a commercial gas discovery in the Norwegian Sea, following the drilling of wildcat well 6605/1-2 S and appraisal well 6605/1-2 A. Located approximately 23km south of the Irpa oil field and 350km west of Sandnessjøen, the new discovery, named Obelix Upflank, is estimated to …