International

Dana Gas FY 2022 net profit drops 43%

The UAE-based Dana Gas reported a 43% year-on-year (YoY) drop in full-year (FY) 2022 net profit to $182 million from $317 and warned of challenges related to collections in Kurdistan and Egypt operations.

Italy’s Eni launches major gas development project in Libya

$8bln offshore gas field development project also includes Carbon Capture and Storage

Saudi Aramco Acquires Largest Oil Refinery in North America

Saudi Aramco global trading arm has bought US firm Motiva Trading as it seeks to expand its footprint across North and South America.

Wintershall Dea to exit from Russian projects

Wintershall Dea intends to fully exit Russia following a principle decision of the Management Board, approved by the Supervisory Board. The company will leave the country in an orderly manner, complying with all applicable legal obligations.

Arabian Drilling inks $173.33mln deal with Saudi Aramco

Arabian Drilling Company signed a contract with Saudi Arabian Oil Company (Saudi Aramco) at a value exceeding SAR 650 million for one offshore jack-up unit.

Iraq’s oil earnings topped $115bln in 2022

Oil revenues in 2022 exceeded US$115 billion, figures announced by the oil ministry on Tuesday, showed.

UAE secured 41.5% of Japan’s crude oil needs in November

Oil remains the most significant energy source in Japan, accounting for about 40% of the country’s total energy supply

OQ, SABIC and KPI sign pact to set up world-scale petrochemical complex in Duqm

Omani global integrated energy company OQ, Saudi chemicals giant SABIC and Kuwait Petroleum International (KPI) have signed a project development agreement for a jointly owned petrochemical complex in the Special Economic Zone at Duqm (SEZAD).