Oil & Gas Trade

Oil & Gas
Shell and Conocophillips More Than Doubled Their Earnings in 2022
The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 ea
Oil & Gas
Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC
Singapore, 31 January 2023 – Mayer Brown advised Itochu Corporation in connection with a 15-year Liquified Natural Gas (LNG) sale and purchase agreement with R
Oil & Gas
EU Ramps up Non-Russian Diesel Imports Ahead of Embargo
EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil pro
Oil & Gas
Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal
Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, sa
Oil & Gas
Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.ExxonMobil,
Oil & Gas
U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President
United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu
Oil & Gas
Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli
Eni Chief Executive Claudio Descalzi and National Oil Corporation (NOC) head Farhat Bengdara attend the signing of an agreement between the two companies as Ita
Oil & Gas
Colombia Will Not Issue New Oil and Gas Exploration Contracts
The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy
Oil & Gas
Global Oil Demand Will Surge to Record This Year as China Reopens, Iea Says
A drilling platform at Norway's giant offshore Johan Sverdrup field.Global oil demand will surge to a record this year following the end of coronavirus rest
Oil & Gas
Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization
KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year
Oil & Gas
OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China
Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t
Oil & Gas
Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal
Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca
Oil & Gas
Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports
A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in
Oil & Gas
Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor
Oil & Gas
Petronas Awards Banang Oilfield Prize
Petra Energy secures extension for offshore assetPetronas has extended until August 2024 Malaysian contractor Petra Energy’s contract covering production,

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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility

Oil & Gas Trade

Shell and Conocophillips More Than Doubled Their Earnings in 2022

Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC

EU Ramps up Non-Russian Diesel Imports Ahead of Embargo

Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

Colombia Will Not Issue New Oil and Gas Exploration Contracts

Global Oil Demand Will Surge to Record This Year as China Reopens, Iea Says

Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization

OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China

Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal

Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports

Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD

Petronas Awards Banang Oilfield Prize

Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility

Slovakia shows interest in gas from Romania's Neptun project

Petron secures 2.5M barrels of Russian crude oil

Algeria and Spain in talks to increase gas supply

New Zealand's Oil Refinery Set to Convert Into Import Terminal

Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend