TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation – Long read

(OET) France’s energy giant TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28. While the decarbonization engine is not running smoothly and needs to be tweaked to reach full speed, the oil... Continue Reading →

November 14, 2023 0

Petrobras on schedule to start Rota 3 operation in the second half of 2024

(PN) Petrobras guarantees that the construction schedule for the Rota 3 gas pipeline is on track. The long-awaited project, which will significantly increase the quantity of natural gas in the market, should begin operations in the second half of 2024. The information was presented by the executive director of Engineering, Technology and Innovation at Petrobrás,... Continue Reading →

November 13, 2023 0

Mexico’s Pemex, New Fortress Energy scrap deepwater gas project -sources

(Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach... Continue Reading →

November 7, 2023 0

Kosmos Energy Becomes Operator of ‘World-Scale’ Senegal Offshore Discoveries as BP Exits

Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →

November 6, 2023 0

Suriname state-oil firm says Petronas exploration well shows promise

(Reuters) - Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday. Suriname's offshore exploration areas are adjacent to Guyana, home to the largest oil finds in more than decade. The Roystonea-1 well is part of... Continue Reading →

November 2, 2023 0

New Fortress Energy May Need to Reapply for Mexico LNG Permit – US

The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit. New Fortress's $1.3 billion Altamira LNG project was expected to start shipping the superchilled gas this... Continue Reading →

November 2, 2023 0

Shell Reports $6.2B Third-quarter Profit, Boosts Buybacks

(Reuters) Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. It maintained its dividend unchanged at $0.331 per... Continue Reading →

November 2, 2023 0

BP’s $3.3B Profit Misses Forecast on Weak Gas

(Reuters) BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion... Continue Reading →

October 31, 2023 0

PetroChina posts record $6.3 bln quarterly income on higher output, fuel sales

(Reuters) - Asia's largest oil and gas producer PetroChina Co Ltd reported 21% year-on-year growth in third-quarter net profit that hit a record high, as increased production and improving domestic fuel demand offset lower realised oil and gas prices. Net profit rose to 46.38 billion yuan ($6.3 billion), while revenue fell 4.6% to 802 billion... Continue Reading →

October 30, 2023 0

Equinor Q3 Profit Beats Forecast

(Reuters) - Equinor (EQNR.OL) on Friday beat third-quarter profit expectations on strong energy trading and said it had overcome disruptions that hampered oil and gas output, boosting its shares. The Norwegian energy producer lowered its 2023 forecast for oil and natural gas output to 1.5% growth from 3% but said this was caused by extensive maintenance that... Continue Reading →

October 27, 2023 0

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Category: Gas

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation – Long read

Petrobras on schedule to start Rota 3 operation in the second half of 2024

Mexico’s Pemex, New Fortress Energy scrap deepwater gas project -sources

Kosmos Energy Becomes Operator of ‘World-Scale’ Senegal Offshore Discoveries as BP Exits

Suriname state-oil firm says Petronas exploration well shows promise

New Fortress Energy May Need to Reapply for Mexico LNG Permit – US

Shell Reports $6.2B Third-quarter Profit, Boosts Buybacks

BP’s $3.3B Profit Misses Forecast on Weak Gas

PetroChina posts record $6.3 bln quarterly income on higher output, fuel sales

Equinor Q3 Profit Beats Forecast

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