International

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

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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.

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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.

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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.

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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.

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Tanzania completes talks with Shell and Equinor for $30bn LNG terminal

The East African country is estimated to have total recoverable gas reserves of 57.54 trillion cubic feet.

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TotalEnergies Qatar and University of Doha for Science and Technology sign a cooperation agreement

Dr. Salem Al-Naemi, President of UDST, and Matthieu Bouyer, Country Chair, TotalEnergies Qatar and Managing Director, TotalEnergies EP Qatar, signed the agreement on the University’s campus in the presence of officials from both institutions

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Aramco’s refining unit awards $148 million EPC contract for Yanbu Growth II Expansion project

Saudi Aramco Base Oil Co (Luberef) has awarded a $148.55 million engineering, procurement and construction (EPC) contract to Egypt’s Petrojet for Yanbu growth II expansion project.

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