International

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.

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.

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

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.

Wintershall Dea: We are exiting Russia, This chapter of our history is closed

WINTERSHALL DEA ANNUAL PRESS CONFERENCE 2023

Mehren: Wintershall Dea’s Expansion in Norway Does not Compensate for Losses in Russia

Mario Mehren, CEO and Chairman of Wintershall Dea, told Petroleum Today Magazine that Wintershall Dea’s expansion in Norway was planned way before the russian exit, as Norway considerd the second largest producer after Argentina.