State-owned Petrobangla (Bangladesh Oil, Gas & Mineral Corporation) has moved to set up three more liquefied natural gas (LNG) terminals in addition to the existing two currently being operated to regasify imported gas. The proposed [Read More]
Oil prices rose on Monday, reclaiming some of the massive losses they had suffered in the previous week. The West Texas Intermediate for April delivery increased 90 cents, or 1.35 percent, to settle at 67.64 [Read More]
Saudi Arabian Oil Company (Saudi Aramco) has announced a record net income of 161.1 billion U.S. dollars for 2022, its highest annual profit as a listed company, the Saudi Press Agency (SPA) reported. In 2022, [Read More]
Iraq exported about 92.25 million barrels of crude oil in February, generating 7.08 billion U.S. dollars in revenue, the country’s oil ministry announced Wednesday. The average price for Iraqi crude oil in the month was [Read More]
For an average household, the quarterly energy price cap in the United Kingdom (UK) will fall to 3,280 pounds (3,949 U.S. dollars) per year from April to June, the country’s energy regulator said on Monday. [Read More]
Russia has halted oil supplies to Poland via the Druzhba pipeline, Poland’s leading oil and gas conglomerate PKN Orlen said Saturday. The company said it is fully prepared for such a situation and that deliveries [Read More]
Jordanian Prime Minister Bisher Khasawneh on Saturday inaugurated a 200-megawatt solar power plant in the capital Amman, state-run Petra news agency reported. Being Jordan’s largest solar energy project, the plant is a joint venture between [Read More]
Oil prices pulled back on Wednesday as traders remained concerned over the prospects of fuel demand. The West Texas Intermediate for April delivery dropped 2.41 U.S. dollars, or 3.16 percent, to settle at 73.95 dollars [Read More]
Israel’s natural gas and oil revenues reached a record high of 1.68 billion new shekels (460 million U.S. dollars) in 2022, according to an annual report issued by the country’s Energy Ministry on Tuesday. The [Read More]
French energy and petroleum company TotalEnergies say that its full-year 2022 net income increased by 28 percent yearly, reaching 20.5 billion U.S. dollars. In 2022, TotalEnergies generated a cash flow of 45.7 billion U.S. dollars, [Read More]
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