Tag: billion
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Tolo Oil starts operating the Jubilee project in Ghana.. reserves exceed one billion barrels
Yesterday, Friday, July 14, 2023, the Tolo Oil Company announced the start of operation of the southeastern Jubilee project off the coast of Ghana, and revealed future development plans within the project, which are expected to be completed before the end of this year. The operation step came after the company, which is listed on…
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Oil and gas in Iran targets investments of $250 billion
The oil and gas sector in Iran plans to attract investments of more than $250 billion over the next 8 years, despite the US sanctions on Tehran, which are causing the reluctance of many international companies. During his participation in the OPEC conference, Iranian Oil Minister Javad Oji said that during the past 20 months,…
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Australia’s Woodside invests $7.2 billion in an oil project in Mexico
The Australian Woodside Company has made the final investment decision in Mexico’s first deepwater field. This may revive work on developing competing projects in the coming months. The independent Australian company – which specializes in oil and gas exploration – announced that it had taken the final investment decision in the “Trion” field in Mexico,…
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Italian Eni settles the $4.9 billion acquisition of Neptune Energy
Read in this article Eni will fully acquire the assets comprising the Neptune portfolio, except for its operations in Germany and Norway Far Energy is listed on the Oslo Stock Exchange and is 63% owned by Eni The deal is in line with Eni’s strategy of offering affordable, safe and low-carbon energy Italian energy giant…
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Shell allocates $15 billion to support low carbon energy solutions
Anglo-Dutch Shell seeks to advance its plans to reduce emissions from its operations, along with achieving increased returns for shareholders through a balanced energy transition; The company is working to reduce emissions from its operations and from the fuels and other energy products it sells to customers, in order to move toward its goal of…
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Stopping oil exports in Yemen will cost the government one billion dollars in losses
The cessation of oil exports in Yemen has caused the government to incur losses of more than $1 billion per month over the past 8 months, at a time when it is suffering from many financial and economic crises, with the continuation of the state of war and conflict between an internationally recognized government and…
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Oil production in Guyana generates $6 billion in gains for the ExxonMobil alliance
The ExxonMobil-led consortium generated US$5.8 billion in profits in 2022 from oil production in Guyana. The disclosure of the profits of the alliance – which includes Exxon Mobil, Hess and Sinooc – came in light of the legal dispute over the breach of insurance obligations against oil spill risks. It is also the first disclosure…
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ADNOC Logistics and Services receives more than $125 billion in subscription requests
The Abu Dhabi National Oil Company (ADNOC) has received orders for more than $125 billion in the initial public offering of a stake in ADNOC Logistics and Services. Today, Thursday, May 25 (2023), ADNOC announced the completion of the price construction process and the initial public offering of the “Supply and Services” unit, the leading…
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Revenues from Saudi oil exports declined by $8 billion in March
Saudi oil export revenues declined, during last March, on an annual basis, with the decline in average oil prices compared to the same period in 2022. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in March, by 26.5%, compared to the same period in 2022.…
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The results of the UAE energy business in the first quarter of 2023 recorded profits of $ 3.16 billion
The results of the UAE energy business in the first quarter of 2023 recorded a significant jump in profits and revenues, supported by the growth of the company’s activity. And the Abu Dhabi National Energy Company announced that achieving strong financial results, during the first quarter of this year for the period ending on March…
