International

Saudi Arabia’s energy minister warns speculators ahead of OPEC+ meeting

Prince Abdulaziz bin Salman has vowed to keep short sellers ouching and told them to watch out, days before a planned meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to decide on future oil policy

QatarEnergy awards $10 billion EPC contract for LNG megaproject

QatarEnergy has announced the award of a $10 billion contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC).

Algeria’s LNG Exports Rise As Europe Races To Replace Russian Gas

Algeria exports of liquefied natural gas (LNG) rose in the first quarter of 2023 compared to the same period of 2022, and the North African producer booked the highest LNG export growth rate among the Arab countries as Europe seeks to replace Russian pipeline gas supply.

TotalEnergies $27bln Iraq project expected to begin in two weeks - Iraqi oil minister

Abdel-Ghani said at a conference in Baghdad he expected five side agreements related to the deal to be signed in the next two weeks, paving the way for implementation to commence

OPEC: We Do Not Target Oil Prices, IEA Should be Very Careful

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais.

Algeria is once again Spain’s leading natural gas supplier

Algeria has once again become Spain leading supplier of natural gas after a year in which the price crisis has been joined by the diplomatic conflict between the two countries over the government new stance on self-determination in the Sahara.

WINTERSHALL DEA INITIATES FIRST CO2 STORAGE IN THE DANISH NORTH SEA AS PART OF PROJECT GREENSAND

Carbon capture and storage (CCS) will play a key role in mitigating climate change worldwide as well as in Europe. Denmark is leading the way and assuming a pioneering role among European countries with Project Greensand, as the first storage of CO2 in a reservoir in the Danish North Sea has now been initiated.

Saudi Aramco’s 2022 net-profit zooms 46% to $161bn as oil demand rises

RIYADH: Energy giant Saudi Arabian Oil Co. net profit in 2022 soared 46.46 percent year-on-year to SR604.01 billion ($161 billion), driven by higher oil prices, increased volumes sold and improved margins for refined products, according to a bourse filing.