Category: Petroleum News
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Disclosure of the start date of oil and gas exploration in Lebanon
Oil and gas exploration operations in Lebanon are awaiting the results of drilling an exploratory well in the North Sea, which is being carried out by Transocean. Exploration operations are expected to start off the coast of Lebanon next September, in a step that may pave the way for placing Beirut on the map of…
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Officially.. Aramco’s business results in the first quarter of 2023 record profits of $31.8 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to the experts’ forecast of $31.2 billion. Although it; Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net income of…
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Aramco’s business results in the first quarter of 2023 record profits of $31.88 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to experts’ expectations, which it set at $31.2 billion. Despite this, Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…
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India’s oil imports from OPEC countries are at an all-time low
India’s oil imports from OPEC countries continue to decline significantly since Russian supplies increased following Moscow’s invasion of Ukraine in February 2022. India’s imports of OPEC oil fell to an all-time low of 46% in April 2023, according to information reported by the energy freight tracker Vortexa and seen by the specialized energy platform. In…
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Oman Oil: We focus on fossil fuels…and the uncertainty surrounds hydrogen projects
Petroleum Development Oman leads the energy sector in the Sultanate. As it is responsible for producing the largest percentage of crude oil and natural gas, its concession area covers the equivalent of a third of the country’s geographical area, and it owns about 205 producing oil fields and 64 fields for natural gas production. In…
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Saudi Aramco share price jumps 2%.. and two experts expect its rise to continue
Aramco’s share price jumped higher today, Sunday, May 7 (2023), achieving gains of 2%, with the approaching date of announcing the company’s quarterly business results. The Saudi oil giant is preparing to announce its business results for the first quarter of this year (2023), on Tuesday, May 9, which is expected to witness strong quarterly…
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The increase in the operation of new Russian oil wells in the first quarter of 2023
The operation of new Russian oil wells witnessed a noticeable increase in the first quarter of 2023, despite the voluntary reduction in production announced by Moscow until the end of the year. Russian oil companies began operating 2,001 new oil wells in the first three months of the year, up 10 percent on an annual…
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Conflicting news about an expected setback for Russian oil and coal importers in India
Today, Thursday, May 4 (2023), it was reported that negotiations between Moscow and New Delhi on a bilateral trade settlement in Indian rupees are on hold, which constitutes a major setback for Russian oil and coal importers, but Russian officials quickly dispelled these allegations. They denied the allegations of suspending the rupee trade talks, describing…