Oil & Gas DECODED
Latest edition: 14 May 2024
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Spotlight
UK MoD: Russia-Ukraine war a factor in Gazprom's massive 2023 loss
Gazprom's 2023 net results reported a loss of nearly $7bn in a blow to both the company and Russia's war economy.
Latest news
Petrobras records 38% drop in profits in Q1 2024 due to reduced sales
In its financial results published on Monday, Petrobras recorded a net recurring profit of 23.9bn reais ($4.63bn) in the quarter ending in March.
Eni reportedly considering spinning off stakes in oil and gas projects
The move is part of the company’s strategy to finance development while shifting more capital towards low-carbon initiatives.
QatarEnergy and ExxonMobil acquire two offshore blocks in Egypt
QatarEnergy will own 40% and ExxonMobil the remaining 60% stake in the Masry and Cairo concessions off Egypt's north coast.
TechnipFMC secures iEPCI contract from Woodside Energy
The contract is for the Xena Phase 3 development to support ongoing production from the Pluto liquefied natural gas (LNG) project in Australia.
Mubadala Energy confirms second gas discovery offshore North Sumatra
Drilled to a depth of 3,400m in 1,200m of water, the Tangkulo-1 well encountered an 80m gas column within an Oligocene sandstone reservoir.
GeoPark to acquire interests in four blocks in Argentina
The acquisition comprises stakes in the Mata Mora Norte, Mata Mora Sur, Confluencia Norte and Confluencia Sur.
In our previous edition
Oil & Gas Decoded
Fossil fuels generated less than a quarter of EU's electricity for first time in April
13 May 2024
Oil & Gas Decoded
Paraguay pushes for $1.5bn gas pipeline with Argentina and Brazil
10 May 2024
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Oil and gas firms turning to digital twins for generating actionable insights
09 May 2024
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