International

Saudi Aramco Q2 profits drop 38% on lower prices: statement

Published on : 2023-08-07

Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine.

"The decrease mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins," the largely state-owned company said in a statement published on the Saudi stock exchange.

ADNOC Gas inks $450-$550m LNG supply deal with PetroChina International Co.

In a bid to ensure reliable supply to its customers, Abu Dhabi National Oil Co. Gas has signed an agreement, valued between $450 million and $550 million, to supply liquefied natural gas to PetroChina International Co.

Lebanon: TotalEnergies launches exploration activities on Block 9

TotalEnergies, and its partners Eni and QatarEnergy, launched today the exploration activities on Block 9 in Lebanon, with a visit to the Transocean Barents drilling rig