Feb 22 (Reuters) – Australian gas producer Santos Ltd. (STO.AX) said on Wednesday its full-year underlying profit more than doubled thanks to an increase in its liquefied natural gas (LNG) portfolio following its merger with Oil Search and a sharp rise in oil and gas prices. Energy companies around the world are seeing their profits … Read more
The agreement provides for the supply of green ammonia to Rotterdam Dutch minister says Spain and Portugal are needed as hydrogen suppliers Port of Rotterdam plans to produce 4.6 megatons of hydrogen by 2030 MADRID, Feb 20 (Reuters) – Spain’s Cepsa on Monday signed an agreement with three Dutch companies to supply green ammonia to … Read more
Feb 17 (Reuters) – Hungarian oil and gas group MOL (MOLB.BU) reported on Friday an increase in full-year EBITDA to $4.7 billion from $3.5 billion in 2021, helped by a significant contribution from upstream and downstream operations. The company exceeded its EBITDA target from $4.1 billion to $4.4 billion. “Strong EBITDA in 2022, even with … Read more
Feb 17 (Reuters) – Hungarian oil and gas group MOL (MOLB.BU) reported on Friday an increase in full-year EBITDA to $4.7 billion from $3.5 billion in 2021, helped by a significant contribution from upstream and downstream operations. The company exceeded its EBITDA target from $4.1 billion to $4.4 billion. “Strong EBITDA in 2022, even with … Read more
LONDON, Feb 15 (Reuters) – China will supply almost half of the growth in oil demand this year after it eased its COVID-19 restrictions, the International Energy Agency (IEA) said Wednesday, but the OPEC+ output cut could mean a shortage of supply in the second half. “OPEC+ supplies are expected to decline due to Russian … Read more
HOUSTON, 10 Feb. (Reuters) – The largest US oil company Chevron Corp. (CVX.N) said on Friday that it had agreed to sell its assets in Myanmar to Canada’s MTI in a deal that would allow it to leave the Asian country. The agreement comes a year after Chevron and other oil companies decided to leave … Read more
MOSCOW, Feb 10 (Reuters) – Kazakhstan’s state energy company Kazmunaigas has postponed the start of oil exports from the giant Tengiz field via the Baku-Tbilisi-Ceyhan pipeline after BP Azerbaijan announced a force majeure event for oil shipments from Ceyhan, four people said. source in the market. Friday. “Force majeure was declared in Ceyhan and deliveries … Read more
Feb 9 (Reuters) – Malaysian state-owned energy company Petronas (PETR.UL) is selling its 74% stake in South Africa’s largest gas station chain Engen to Vivo Energy. distribution companies. Without naming a price for the deal, Engen and Vivo, owned by global energy trader Vitol, said the combined group would have more than 3,900 filling stations … Read more
Feb 3 (Reuters) – Foreign staff of French oil company TotalEnergies (TTEF.PA) returned to Iraq after disputes with Baghdad over a $27 billion cluster of major energy projects led to their departure, two sources told Reuters on Friday. The return of TotalEnergies employees shows that their departure is just a negotiating tactic, Iraqi MP Mustafa … Read more
HOUSTON, Feb 2 (Reuters) – Peru’s state energy agency, PeruPetro, is offering oil and gas exploration sites through direct negotiations with interested companies and up to 31 separate technical contracts, hoping to boost the nation’s reserves, officials said on Thursday. The administration of President Dina Boluarte is softening some conditions of participation and issuing a … Read more