Companies

The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and lower gasoline prices. So far, the U.S. DOE, as authorized …

Reverse gas supplies via the Yamal-Europe gas pipeline from Germany to Poland have continued for ten days amid the lack of booking of capacities to pump gas directly to Germany by Gazprom due to the lack of purchase orders from European clients, according to the information provided by the gas …

The allegations of insufficient gas supplies against Russia and the Gazprom energy corporation are unacceptable and groundless, European states create obstacles for themselves, Spokesman for the Russian gas giant Sergey Kupriyanov told the Rossiya-1 TV channel. “All accusations against Russia and Gazprom relating to delivering insufficient amount of gas to …

China National Offshore Oil Corp will supply carbon neutral LNG for the first time to Hong Kong, the state-owned oil and gas major said on its social media account late Dec. 20. CNOOC said it received a 65,000 mt carbon neutral LNG cargo on board the vessel “Magnolia” at the …

Equinor ASA will drill about 25 exploration wells off Norway’s coast next year in a bet that it will be among the last companies still producing oil and gas when the world has achieved net-zero emissions. All scenarios, including the International Energy Agency’s vision of a net-zero world, include the …

At the company’s Investor Day held on December 17, Alibaba Group released a pledge to achieve carbon neutrality by 2030, also announcing a pioneering initiative aiming to facilitate 1.5 gigatons of decarbonization across its business ecosystem by 2035. Daniel Zhang, Chairman and CEO of Alibaba, said, “Despite many challenges, we …

While TotalEnergies, Qatar Energy and Petronas won the rights to develop the coveted Sepia field, Brazil’s state-run Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising preference rights. Petrobras, Total and Shell secured the nearby Atapu field. The auction was widely seen as a test of Brazil’s investment …

The pace of Gazprom’s natural gas exports’ growth to Europe has slowed in recent months to just under five percent, according to data published by the Kremlin-backed gas giant yesterday. Gazprom revealed its natural gas exports outside the former Soviet Union bloc between January and December had increased 4.8 percent …

Italian major Eni has signed a contract to relaunch production in Algeria’s Berkine basin as well as an agreement for decarbonization initiatives. The contract for the Berkine area was signed by the CEO of Sonatrach Toufik Hakkar and the CEO of Eni Claudio Descalzi in the presence of the Minister …

Gazprom Neft has put into operation the Yamal Gas Arctic subsea gas pipeline to connect the production facilities on the Yamal Peninsula with the Yamburg – Tula mainline gas pipeline. The pipeline will transport gas extracted at the Novy Port field into the Common gas supply system of Russia. The …