Companies

Russia’s Rosneft PJSC aims to develop new natural gas reserves regardless of whether the Kremlin allows the company to export the fuel through pipelines. “We will produce gas at Rospan and Kharampur-Neftegaz irrespective of the export potential,” First Vice President Didier Casimiro told reporters, referring to the company’s two greenfield …

Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as oil prices rise. The Ministry of Oil has also sent the initial contract for the development of Mansourieh gas field to the Council of …

Russian LNG major Novatek said that the Arc7 ice-class module carrier Audax completed its trip along the Northern Sea Route. This is long after the traditional navigation season closure. The vessel delivered a process module weighing almost 12,000 tonnes for Arctic LNG 2 from Tianjin to Murmansk. The module will …

Shares of Exxon Mobil and Chevron traded slightly weaker on Monday amid renewed hopes of a diplomatic solution to the ongoing tensions along the border of Russia and Ukraine. Exxon fell 1.7% while Chevron fell 2.1% as crude prices eased amid signs of a concession by Ukraine to Russia, though …

China National Offshore Oil Corporation (CNOOC) on Monday announced that one of its oil exploration projects, Liza Phase II in the Stabroek Block near Guyana, commenced production safely and ahead of schedule. It is expected to reach peak production of approximately 220,000 barrels of crude oil per day this year, …

Saudi Arabia’s Crown Prince Mohammad bin Salman said 4 per cent of oil giant Saudi Aramco’s shares have been transferred to country’s sovereign wealth fund, known as the Public Investment Fund, to support restructuring the economy. The move is also part of PIF’s plan to raise its assets under management …

Through its affiliate TotalEnergies E&P USA Inc., TotalEnergies has announced its decision not to sanction, and to withdraw from, the North Platte deepwater project in the U.S. Gulf of Mexico. The decision not to continue with the project was taken “as the company has better opportunities of allocation of its …

Gas supplies via the Nord Stream gas pipeline in 2021 remained at the record level of 2020 of 59.2 bln cubic meters, the operator of the project, Nord Stream AG, said in a statement on Monday. “In 2021, 59.2 billion cubic meters of natural gas were transported through the Nord …

Saudi Arabia’s oil giant Aramco is dusting off plans to sell more of its shares, aiming for a $50-billion share sale on the domestic stock exchange with a possible secondary listing abroad, in what could be the world’s biggest share sale ever, The Wall Street Journal reported on Friday, quoting …

The Abu Dhabi National Oil Company (ADNOC) announced today the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF) …